DHAKA, July 1, 2024 (BSS) - Cabinet Secretary Md Mahbub Hossain today said

after passing the national budget for fiscal 2024-25, Prime Minister Sheikh
Hasina has directed all concerned to implement it accurately and
transparently.

"The prime minister gave the directives through the ministers and secretaries
present at the cabinet meeting held at her office today," he told a press
conference at the Bangladesh Secretariat here in the afternoon.

The cabinet meeting was held at the Prime Minister's Office (PMO) in the
morning with Prime Minister Sheikh Hasina in the chair.

The budget for the fiscal 2024-25 was passed in the National Parliament
yesterday (Sunday).

Speaking at the press conference, Mahbub Hossain said today the premier gave
a special instruction to all concerned asking them to pay attention to the
implementation of the budget very carefully.

He said the cabinet approved a proposal to form 'Padma Bridge Operation and
Maintenance Company PLC' and decided to form a separate company for the
management and operation of the Padma Bridge, which will be a 100 percent
government-owned one.

"Through this, the management work of Padma Bridge including toll collection
will be conducted," he added.

The cabinet secretary said this company is being formed in line with the
Companies Act and there will be a 14-member board.

"The board will fix the manpower structure," he said, adding that the board
will have representatives from various entities including the Bridges
Division and Finance Division.

Currently, Korea Expressway and China's Major Bridge Engineering Company
(MBEC) are doing the maintenance work and toll collection of the bridges as
the firms were appointed for five years, Mahbub Hossain said.

Replying to a question about when the maintenance and operation of the Padma
Bridge would come under the company, he said this company will start working
after the completion of the agreement with the two firms.

He said the cabinet also approved the draft of the Institutes of Frontier
Technology (IFT) Act, 2024 in today's meeting. The institute will be set up
in Madaripur.

Besides, the draft of Export Policy-2024-27 was approved with some
observations in the cabinet meeting.

Responding to another query, Mahbub Hossain said there is no reluctance in
taking action against those involved in corruption.

"There are some mischievous officials and employees who want to do
corruption. However, all officers and employees are cooperating (with the
agency concerned) in taking measures against corruption," he said.