‘Completion of Padma Bridge to boost Bangladeshi economy’

Image: Collected
The primary structure of 6.15km Padma Bridge became fully noticeable on Thursday with installing its last span

Bangladesh’s economy will receive a huge raise with the expected “commercial revolution” of the southwestern districts when the long-cherished “Padma Multi-Goal Bridge” opens to traffic within a 12 months.

The main structure of 6.15km Padma Bridge became fully noticeable on Thursday with installing its last span.

“Once it really is completed fully and opened to site visitors within a yr or a bit more, the market of Bangladesh will probably get a huge raise with the expected “industrial revolution” of the southwestern districts,” experts said.

The professionals said the double-deck Padma Bridge, with highway and rail tracks, is likely to contribute around 1.3 to 2%  to the total annual GDP development, reduce poverty and boost financial activities of the people of the neglected southwestern location.

Terming the engineering of Padma Bridge a “tremendous accomplishment” for Bangladesh, eminent economist and previous Bangladesh Bank governor Mohammad Farashuddin said the bridge will play a great role in employment era, alleviation of poverty and industrialization in the southwestern area together with the entire country.

Exploration Director of the Center for Coverage Dialogue (CPD) Khondaker Golam Moazzem said the bridge is expected to contribute around 1.3 percent to the gross annual GDP growth, however the regional growth could be more.

The noted economist said the fantastic impact of the bridge will be employment generation and poverty reduced amount of the 21 districts, especially ultra-poor in your community, including Barguna and Pirojpur, he added.

He urged the government to ensure other facilities properly, including energy, gas, for encouraging native and international investors to create industries in that region.

Moazzem laid focus on taking a “coordinated program” to speed up the development actions of the spot by protecting the surroundings.
 
“We’ve to create a proper plan for reaping benefits at the initial possible time … the government with individual partnership should give emphasis to agro-based industries found in the southwestern districts” he added.

Moazzem also said after completion of the bridge, an enormous demand for employment can be created found in those districts. “The federal government should emphasize on creation of qualified manpower to meet the demand,” he opined.

The economist said smaller businesses need to be given more priority in the southern part’s economic zones to create more employment, while the government should purchase products from small businesses too.

Dhaka Chamber of Commerce and Sector (DCCI) President Shams Mahmud said the Padma Multipurpose Bridge will bring the energy for industrialization at the doorsteps of the common people and so support industries of varied scales and dimensions to flourish in the region.

“Significant impacts are expected to occur in foreign trade between neighbouring countries such as for example India, Nepal, Bhutan, and Myanmar,” he added.

President of Khulna Chamber of Commerce and Industry Kazi Aminul Haque said the Padma Bridge will ensure a good smooth and long lasting or all-weather road website link more than the mighty Padma River to hook up with the major market (Dhaka city).

Source: https://www.dhakatribune.com

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