Dhaka, Bangladesh (BBN)- Bangladesh Insurance Association (BIA) has expressed eagerness to invest in the Padma Multipurpose Bridge Project.
"The country's private insurance companies are keen to invest a significant portion from their BDT 162.99 billion life fund for construction of the Padma Bridge," BIA Chairman Sheikh Kabir Hossain said while speaking at a press conference in BIA's office in the capital Dhaka on Thursday.
He also said the private insurance companies want to invest in the project considering the interest of the 160 million people of the country.
The BIA chief urged the World Bank to review its decision centering the bank's investment in the mega project for the sake of 160 million people of Bangladesh.
Giving details, he said that a BDT 50 million of the total BDT 16 2.99 billion life fund is remained deposited in government bonds and the rest BDT over 110 million is in their hands.
BIA former Vice-Chairman and Chairman of Karnaphuli Life Insurance Nizamuddin Ahmed, Managing Director of Rupali Life Insurance P K Roy, Vice- Chairman of Meghna Life Insurance Nasiruddin Ahmed, among others, were present at the press conference.
BBN/SSR/AD-05July12-6:35 pm (BST)
