The 4.68km Bhola Bridge on Tentulia-Kalobador River will be built by private sponsor under the public-private partnership (PPP) scheme at a cost of Tk 12,916 crore.
The Cabinet Committee on Economic Affairs has approved a proposal in principle in this regard.
Agriculture Minister Abdur Razzaque presided over the meeting in absence of Finance Minister AHM Mustafa Kamal, the convenor of the cabinet committee.
According to the proposal placed by the Bridges Division of the Ministry of Road Transport and Bridges, the bridge will be constructed on the Barishal-Bhola Highway to facilitate smooth commute.
The Bridges Division noted in its proposal that the proposed bridge will play a major role to directly connect island-district Bhola with Dhaka via Padma Bridge, which is scheduled to be completed by 2021.
“Once the Bhola Bridge is built, it’ll make the Padma Bridge more effective to create further connectivity with the capital,” it mentioned.
The government thinks that if the proposed Bhola Bridge is constructed, the benefits of the Padma Bridge will increase further, it said.