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:
Mr. Alok Kumar, Secretary, Ministry of Power of the Government of India led a delegation to Bhutan on...

Read More


India’s Central Electricity Authority granted the Nepal Electricity Authority (NEA) approval to export an additional 22 megawatts of...

Read More


Indian Railways successfully delivered 75 sports utility vehicles (SUVs) by rail and road to Bhutan—its first delivery to...

Read More


The Bangladesh Roads and Highways Department signed a contract for road expansion work under the South Asia Subregional...

Read More


Mr. Ghanshyam Bhandari, newly-appointed Ambassador of the Government of Nepal to the Government of Bangladesh, met Bangladesh Prime...

Read More


Sri Lanka President Ranil Wickremesinghe visited the eastern port district of Trincomalee to inspect its integrated development plan....

Read More


Mr. Ahmed Latheef, Foreign Secretary of the Government of Maldives, and Mr. Vinay Mohan Kwatra, Foreign Secretary of...

Read More