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 Government of India has tasked the Asian Development Bank (ADB) to undertake a study on coastal shipping....

Read More


An elevated toll highway to be built between the New Kelani Bridge and Galle Face in central Colombo...

Read More


Mr. Suresh Prabhu, Minister of Commerce and Industry and Civil Aviation, Government of India, and Mr. Tofail Ahmed,...

Read More


Bangladesh Prime Minister Sheikh Hasina and India Prime Minister Narendra Modi, in a video conference, jointly inaugurated the...

Read More


A team of technical experts from Nepal, headed by Mr. Madhav Belbase, Secretary, Nepal Water and Energy Consumption,...

Read More


The Bangladesh Cabinet approved the proposal to allow India access to its Chittagong and Mongla ports to transport...

Read More


The bus service connecting Bihar, India, to Nepal, was flagged off on 11 September 2018 by Mr. Nitish...

Read More