The government has approved a proposal for appointing the joint venture (JV) of Korea Expressway Corporation (KEC) and the China Major Bridge Engineering Company Ltd (MBEC) for ensuring maintenance and realising toll at the Padma Multipurpose Bridge for the next five years.
The approval came from the 12th meeting of the Cabinet Committee on Government Purchase (CCGP) in this year held on Thursday virtually with Finance Minister AHM Mustafa Kamal in the chair.
Briefing reporters after the meeting, the Finance Minister said that the day's CCGP meeting approved a total of 10 proposals out of 11 proposals as the ICT Division withdrew a proposal on Establishing Digital Connectivity (EDC) project, reports BSS.
Joining the briefing virtually, Cabinet Division Additional Secretary Md Zillur Rahman Chowdhury said that following a proposal from the Bridges Division, the Korean and Chinese joint venture would act as the service provider/operator for the Padma Bridge for the next five years at a cost of Tk 6.92 billion.