Bangladesh’s largest bridge to open to traffic on June 25

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Dhaka, May 24 | Bangladesh’s largest Padma bridge will open to traffic on June 25, a Minister announced here on Tuesday.

Road Transport and Bridges Minister Obaidul Quader made the announcement after meeting Prime Minister Sheikh Hasina in Dhaka, reports Xinhua news agency.

“Our Prime Minister Sheikh Hasina will inaugurate the bridge on June 25 morning in a grand ceremony,” he said.

The Bangladesh government has already fixed the toll rates of the bridge.

According to a gazette notification, toll rates will range from 100 takas to over 6,000 takas.

The huge infrastructure project, with the main bridge spanning 6.15 km in length, is the largest and most challenging in Bangladesh’s history.

The bridge standing across the Padma River to link the northeastern and southwestern areas of Bangladesh is also a key part of an anticipated trans-Asian railway network.

Hasina inaugurated the main construction work of the bridge in 2015.

The Padma multipurpose bridge is located about 40 km southwest of Dhaka.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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