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.