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:

Energy Secretaries of Bangladesh, Bhutan, India, and Nepal held a virtual meeting to evaluate the state of energy...

Read More


The Central Board of Indirect Taxes and Customs (CBIC) of the Government of India released...

Read More


India Prime Minister Narendra Modi and Nepal Prime Minister KP Sharma Oli held a phone call to discuss...

Read More


A video conference among South Asian Association for Regional Cooperation (SAARC) senior trade officials was held on 8...

Read More


Mr. Arjun Goswami of the Asian Development Bank (ADB) emphasizes that amidst the threat posed by the COVID-19 pandemic, “what...

Read More


Member countries of the South Asia Association for Regional Cooperation (SAARC) held a Virtual SAARC Emergency meeting on...

Read More


The Governments of Bangladesh and India will undertake a joint study on an advanced free trade agreement (FTA)...

Read More