SASEC Roads Development in Bangladesh on Track

1 March 2017

A delegation from the Abu Dhabi Fund for Development (ADFD) was in Bangladesh to review progress of two of its development projects. Work for both the Sikalbaha Power Station and the South Asia Subregional Economic Cooperation (SASEC) Road Connectivity Project are proceeding as planned.

The Sikalbaha Power Station, one of ADFD’s key energy projects in Bangladesh, is now 90% complete. ADFD contributed to the construction of generators to help stabilize the national grid and meet Dhaka’s energy needs. The power plant is scheduled to open later this year.

Road developments and transportation infrastructure work under the SASEC Road Connectivity Project began in March 2016 and are now 22% complete. ADFD committed a AED115 million concessionary loan (approximately $31.31 million) in 2013 to co-finance the project.

Mr. Mohammed Saif Al Suwaidi, Director General, ADFD, reported that both projects are moving swiftly, expertly, and with the utmost regard to operational efficiency.

 

Related Links:

The new-look South Asia Subregional Economic Cooperation (SASEC) Program website is fully mobile-friendly and automatically adjusts to fit...

Read More


The Asian Development Bank (ADB) has approved $1.2 billion financing support for the second phase upgrade of the...

Read More


The Fourth Meeting of the India-Bangladesh Joint Consultative Commission, held on 22-23 October 2017 in Dhaka, Bangladesh, was...

Read More


The Government of India has taken steps to implement the Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicles Agreement (MVA), coordinating with...

Read More


India's Central Board of Excise and Customs (CBEC) piloted paperless processing of documents at the Chennai Customs House...

Read More


India has formed the India-Myanmar Chamber of Commerce ...

Read More


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

Read More