Padma Multipurpose Bridge Project

6. The main components of the Project are shown in Figure 1-2. More detail information on theProject components is given in Chapter 2.7. There are some components associated with the Project, which require further assessments like;widening of Dhaka-Mawa Highway from two to four-lanes, establishment of railway network fromGendaria-Mawa through the bridge to Bhanga-Kashiani-Narail-Jessore, and bypass Road in Group Bdevelopment area of Rajuk (Capital City Development Authority). Implementation of these componentsmay take place over a period of time. To draw full benefits of the Padma Bridge project,implementation of these components will be necessary. A general assessment is made since thecorrect alignment is not known at this stage.1.1.4 Project Financing8. The detailed cost estimate of the project is done during scheme design; the current estimate isabout US$2.4 billion (Table 1-1). GoB has been in discussion with various co-financiers to participatein the investment of the Project. A number of co-financers has already showed interest and extendedtheir commitments. These co-financiers include the Asian Development Bank (ADB), the World Bank(WB), the Japan International Cooperation Agency (JICA), and the Islamic Development Bank (IDB).In addition to the Co-financiers, GoB will also contribute in the implementation of the Project.Table 1-1: Estimated Project Cost aProjectFinal SchemeComponentUSD million1. Construction CostMain Bridge907.5 bServices on the Main Bridge 41.4Approach Roads 131.6Road Viaducts 60.5Rail Viaducts 7.8Rail facilities 36.8Bridge End Facilities 68.3River Training Works 597.4Ferry Route Adjustment 8.0Construction Yard 57.5Total Construction Cost 1916.82. Engineering CostConstruction Supervision46.4 c3. Administration CostConstruction supervision - 10% Construction Supervision 4.64. Land Acquisition & Resettlement & EMP cost 2105. Physical Contingency 85.9 d6. Duty Tax (VAT etc) 155.3 eTotal Project Cost 2,419Source: Project Cost Estimate, April 8, 2010Notes:a Cost will be updated once again after the engineers’s estimateb Includes contractor on‐costs for site overheads, supervision and margin (estimated at 11.57% of construction cost)c estimated at 3% of the construction cost excluding contractor on‐costsd estimated at 5.0% of the construction cost excluding contractor on‐costse estimated at 14.5% of the cost of imported items1.1.5 Present Stage of Project Preparation9. The Project is now in its detailed design stage. In the process of detailed design, variousalternatives have been reviewed to arrive at the preferred project design. In arriving at the preferred1-4