Potential SASEC Project to Modernize Bangladesh's Regional Trade Links

5 March 2016

Major upgrades to modernize the Tangail-Rangpur Highway—which is part of the 1,741 kilometers linking Bangladesh with the Asian Highway and the Bangladesh-Bhutan-India-Nepal road network—are being proposed by Bangladesh Road and Highways Department, to include road widening to 4 lanes, and construction of 17 medium-sized bridges, several flyovers, and culverts in the 190-km stretch from Tangail's Elenga to Sirajganj's Hatikumrul of the Dhaka-Rangpur Highway.

The plan is currently being reviewed by Bangladesh Planning Ministry. The project has an estimated cost of $1.6 billion, with potential funding support to be given by the Asian Development Bank (ADB), under the South Asia Subregional Economic Cooperation (SASEC) Program.

The project will boost Bangladesh's regional and subregional trade links, and promote industrialization in the northern part of the country.

The ADB-supported SASEC Program is working to create dynamic multimodal transport networks and effective logistics facilities to increase intraregional trade and boost economic growth in all 6 member countries.

 

Related Links:

 

Mr. Amit Shah, Home Minister of the Government of India, laid the foundation stone for the second cargo...

Read More


The 21st meeting of the Bangladesh-India Joint Steering Committee on Cooperation in the Power Sector was held at...

Read More


The Government of Bhutan has approved the country’s accession to the World Trade Organization (WTO) on 28 April...

Read More


Nepal's Finance (Revenue) Secretary Ram Prasad Ghimire presented awards to the ...

Read More


India's National Logistics Policy (NLP) was launched in September 2022 to reduce logistics cost in the country by...

Read More


Mr. Khalid Mahmud Chowdhury, Minister of State for Shipping of the Government of Bangladesh, stated that transit and...

Read More


Japan has proposed the development of a new industrial hub for the Bay of Bengal region. The hub,...

Read More