Bangladesh Executive Committee of the National Economic Council Approves SASEC Road Project

8 May 2018

The Executive Committee of the National Economic Council (ECNEC) of the Government of Bangladesh approved revisions to the project to upgrade the Joydevpur-Chandra-Tangail-Elenga Road into a four-lane highway.

Revisions include

  • Extension of the deadline from 2018 to 2020; and
  • Increase in funding to an estimated Tk 5,593 crore (around $665 million) from Tk 2,788 crore (around $331 million).

The Asian Development Bank will provide financing support worth around Tk 3,420 crore (around $406.6 million) through the South Asia Subregional Economic Cooperation (SASEC) road connectivity project. A major international trade corridor, this project aims to contribute to uplifting Bangladesh’s national economy, facilitate subregional cooperation, and increase trade.

The ECNEC approved 13 development projects worth Tk 13,288 crore (around $1.57 billion) in total.

 

Related Links:

The Electronic Cargo Tracking System (ECTS) will be rolled out on pilot basis to facilitate the movement of...

Read More


The Rangpur Chamber of Commerce and Industry (RCCI) hosted a discussion on exploring Bangladesh-Nepal trade potential, with Bangladeshi...

Read More


India's momentous leap to rank 77 in the World Bank's Ease of Doing Business rankings was highlighted at...

Read More


This commentary by Mr. Md Neyamul Islam, Joint Commissioner, Customs House, Inland Container Depot in Dhaka, discusses how...

Read More


The Governments of India and Nepal have agreed to establish an energy banking mechanism that will enable both...

Read More



Sri Lanka’s President Maithripala Sirisena and Mr. Takehiko Nakao, President, Asian ...

Read More