When the World Bank withdrew its proposed funding of $1.2 billion for the construction of Padma Bridge alleging âcorruption conspiracyâ at the high levels of government, the latter responded by promising people that the bridge would be built with internal resources.
Some journalists asked me at that time if this was possible. It apparently did not please them when I said we could build not one but several Padma Bridges with our own resources.
But there was a trade-off: if we did so, other projects would have to be shelved and more resources raised in taxes. There was also a strong likelihood that âcorruption conspiracyâ could turn into actual corruption, and consequently there could be cost overrun. Read more »