SASEC Portfolio Tops $9 billion

1 December 2016

The SASEC project portfolio has surpassed the $9 billion mark with the December 2016 approval of Nepal’s SASEC Roads Improvement Project, worth $256.5 million. There are now 44 SASEC investment projects worth a cumulative $9.13 billion. During 2016, seven projects have been approved for a total of $2.37 billion: Bangladesh’s SASEC Chittagong-Cox’s Bazar Railway Project – Tranche 1, and the Railway Sector Investment Program - Tranche 4; India’s Visakhapatnam-Chennai Industrial Corridor Development Program – Project 1, and the Bihar New Ganga Bridge Project; Bhutan’s additional financing for the Air Transport Connectivity Enhancement Project, as well as the SASEC Transport, Trade Facilitation, and Logistics Project; and Nepal’s SASEC Roads Improvement Project. The SASEC transport sector now comprises 31 active projects worth $7.30 billion, followed by the energy sector with 10 projects worth $1.28 billion, 1 trade facilitation project worth $48 million, and 1 ICT project worth $18 million.

ADB Country Partnership Strategy to Accelerate India’s Economic Transition

The Asian Development Bank (ADB) endorsed a new India Country Partnership Strategy (CPS) 2018-2022 that...
Read More >>

ADB Blog: What Multimodal Parks Can Do for Logistics in India

The Asian Development Bank (ADB) is currently conducting a pre-feasibility study to gauge the suitability of four multi-modal...
Read More >>

Commentary: Boosting Business in the Bangladesh Corridor

This commentary by Mr. Sanjay Kathuria, Lead Economist and Coordinator, South Asia Regional Integration, World Bank Trade and...
Read More >>

Trade Facilitation Center for Handicrafts Inaugurated in Varanasi

India Prime Minister Narendra Modi inaugurated the Deendayal Hastkala Sankul, a trade facilitation center for handicrafts, at the...
Read More >>

Freight Train Service to Run for Dhaka-Kolkata

In an effort to increase bilateral trade between Bangladesh and India – currently running at about $6 billion...
Read More >>

BIMSTEC to Finalize MVA and Coastal Shipping Agreement

At the sidelines of BIMSTEC Expo 2017, on 15 September 2017 in Kolkata, India, Mr. Prashant Agrawal, Indian...
Read More >>

ADB Vice President: RCI Can Help Bhutan Develop Full Potential

Mr. Wencai Zhang, Vice President, Asian Development Bank (ADB), encouraged the active participation of Bhutan in regional cooperation...
Read More >>