BIMSTEC Foreign Ministers Approve $50 Billion Worth of Connectivity Projects

30 August 2018

Foreign Ministers of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) member countries approved in principle around 167 projects to improve connectivity in the region. The projects, detailed in a study by the Asian Development Bank (ADB), are worth an estimated $50 billion.

BIMSTEC is drafting the BIMSTEC Transport Connectivity Master Plan, with ADB support. In preparation for the Master Plan, ADB reviewed transportation and cross-border facilitation, multimodal transport and logistics, infrastructure development, aviation, maritime transport, human resources development, communication linkages and networking in the region.



Related Link:
India has allowed Nepal to sell electricity in its real-time energy market on 30 September 2023. According to...

Read More


India Prime Minister Narendra Modi and Bangladesh Prime Minister Sheikh Hasina held a bilateral talk in New Delhi,...

Read More


The Government of India has committed to finance the expansion of railway infrastructure in the country’s northeastern region...

Read More


India and Nepal signed an agreement for the cross-border QR payment service at the Global Fintech Fest 2023,...

Read More


The long-term electricity trade agreement between the Governments of India and Nepal has formally received approval from the...

Read More


The Asian Development Bank (ADB) study on Bangladesh Economic Corridor Development assesses the economic potential of the northeast...

Read More


India’s Ministry of Railways is working on five mega rail projects that will make adjacent borders along Nepal...

Read More