SASEC Assists Bangladesh Strengthen Infrastructure Development

12 October 2014

The Asian Development Bank’s (ADB) South Asia Subregional Economic Cooperation (SASEC) Program will finance key infrastructure projects worth $492 million under its country operations business plan: the second Bangladesh-India electrical grid interconnection ($105 million), Dohazari-Cox’s Bazar railway link ($217 million), and road and trade facilitation ($170 million). It will create mutually beneficial trade among six countries – Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka – and promote regional prosperity by improving cross-border connectivity, creating access to regional markets, and strengthening regional cooperation.

ADB plans to lend $3-$4 billion to SASEC countries in the next three years, according to Ronald Antonio Q. Butiong, Principal Regional Cooperation Specialist at ADB. He further added that focus would be on regional grid interconnectivity. Bangladesh is currently importing 500 megawatts (MW) of electricity from India through grid interconnectivity and plans to import 3,500 MW from SAARC countries by 2030. Electricity is seen as a key element to enhance economic growth and boost power trade among neighboring countries.

In its capacity as SASEC Secretariat, ADB helped fund $40 million to develop electrical interconnection between Bheramara in Bangladesh and Baharampur in India. Since 2001,ADB has financed nine projects in transport, trade facilitation, energy, and information and technology worth about $900 million in Bangladesh under SASEC.

 

Related Link:

The Daily Star

The sixth and final unit of the Punatsangchhu-II Hydropower Project was successfully synchronized with Bhutan’s national grid on...

Read More


Mr. Vikram Misri, Foreign Secretary of the Government of India, visited Nepal on 17-18 August 2025 to strengthen...

Read More


The Government of India approved the purchase of an additional 200 MW of electricity from Nepal, effective 11...

Read More


The India-Bhutan energy partnership reached a major milestone with the operationalization of the fifth unit of the 1,020...

Read More


The Government of Bangladesh has launched a fully automated trade clearance system, making the submission and issuance of...

Read More


Assam and Bhutan have pledged to strengthen their bilateral tourism ties by collaborating on smoother and more accessible...

Read More


The new Gelephu Integrated Check Post (ICP) in Bhutan, which will play a key role in the Gelephu...

Read More