News List

Compiled features on recent developments in regional cooperation and integration in the SASEC region.

Year:
October 2018

SASEC Microhydro Project Nears Completion in Nepal

The Simrutu River Small Hydropower Project, a micro-hydropower plant developed under the SASEC Program, is nearing completion in Rukum District, Nepal. The power plant will produce 200 kilowatts of electricity for rural communities and will be the largest hydropower project in the district once completed. The project is partially financed by the Asian Development Bank.

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Tags: ADB, Energy, Hydropower, Nepal, SASEC

October 2018

Sri Lanka Customs to Speed up Cargo Clearance through Risk Management

Sri Lanka Customs Department is speeding up its cargo clearance procedures by improving the country’s risk management system. The Asian Development Bank is giving technical assistance to Sri Lanka to study the country’s current risk management system and come up with a risk management framework and standard operating procedures.

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Tags: ADB, Customs, Sri Lanka, Trade

October 2018

New SASEC Highway Project in Nepal to Strengthen Regional Connectivity, Growth, and Trade

A new project to improve Nepal’s East-West Highway is set to strengthen regional connectivity, promote growth and trade, and improve road safety. An 87-kilometer section of the East-West Highway, also known as the Mahendra Highway, will be widened to four lanes and will be improved to include a center median, service lanes in populated areas, and a drainage system.

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Tags: ADB, Nepal, Regional Cooperation, Road, SASEC, Trade, Transport

September 2018

ADB Undertakes Study on Coastal Shipping

The Government of India has tasked the Asian Development Bank (ADB) to undertake a study on coastal shipping. The Government aims to analyze constraints to coastal shipping to facilitate seamless connectivity between consumers and producers using the coastal shipping route. ADB is expected to submit a report on coastal shipping issues and suggested recommendations to the Ministry of Shipping in December.

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Tags: ADB, Shipping, India

September 2018

SASEC Elevated Highway to Improve Connectivity and Trade in Sri Lanka

A toll highway to be built in central Colombo will ease traffic congestion, improve connectivity, and facilitate trade logistics in Sri Lanka. The Asian Development Bank has approved a $300 million loan to help in the construction of about 5.3 kilometers of the highway, under the SASEC Port Access Elevated Highway Project.

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Tags: ADB, SASEC, Sri Lanka, Connectivity, Trade, Road, Transport

June 2018

SASEC Countries to Gain by Improving Transport Times

By investing in infrastructure that improves connectivity and reduces transport times to key markets, South Asia Subregional Economic Cooperation countries could reap major benefits, a new Asian Development Bank study says.

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Tags: SASEC, ADB, Trade, Bangladesh, Bhutan, Maldives, Myanmar, Nepal, Sri Lanka, World Bank

June 2018

ADB Submits Jogighopa Multi-Modal Logistics Park Study Report

The Asian Development Bank (ADB) submitted the Jogighopa Multi-Modal Logistics Park (MMLP) pre-feasibility study report to the Ministry of Road, Transport and Highways, Government of India, on 19 June 2018. The Government of India (GoI) requested for ADB's support to conduct MMLP pre-feasibility studies at select locations, including Jogighopa in Assam, India.

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Tags: ADB, India, Transport

May 2018

Bangladesh Approves Installation of Substation for Importing 500 MW from Tripura, India

Bangladesh’s Executive Committee of the National Economic Council has approved a project to install a high-voltage direct-current back-to-back substation at Comilla in Bangladesh for importing 500 megawatts of electricity from Tripura, India.

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Tags: ADB, Bangladesh, Energy, India, SASEC, Trade, Rail, Transport

May 2018

Case Study: Removing Roadblocks to Trade

This case study reviews how the Subregional Transport Facilitation Project removed roadblocks to Nepal's trade. The project, approved in 4 November 2004 and completed in 21 September 2010, made flow of import and export goods to Nepal easier, faster, and smoother. Learn how the project lowered the cost of capital for cargo in Nepal by 12% annually, making the country better connected to the subregional economy.

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Tags: Transport, SASEC, ADB, Nepal, Customs

May 2018

ADB Advisor: Renewables, Regional Cooperation, LNG Import can Help Boost Sri Lanka's Energy Security

Dr. Yongping Zhai, Technical Advisor (Energy), Sustainable Development and Climate Change Department, Asian Development Bank (ADB), and Mr. David Elzinga, Senior Energy Specialist, ADB, advised the Government of Sri Lanka to keep their options open in securing the country's energy future. Reiterating ADB's support for Sri Lanka's energy security, Dr. Zhai urged the country to opt for renewables over coal to fast-track its commitment to the Paris agreement.

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Tags: ADB, Renewable Energy, Climate Change, Energy, Sri Lanka, Regional Cooperation

May 2018

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

The Executive Committee of the National Economic Council 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 deadline and increase in funding. The Asian Development Bank will provide financing support through the South Asia Subregional Economic Cooperation (SASEC) road connectivity project.

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Tags: Bangladesh, ADB, SASEC, Transport, Road, Trade, Regional Cooperation

March 2018

Watch: Foster Cooperation between SAARC and SASEC -SAARC SG

South Asian Association for Regional Cooperation (SAARC) Secretary General Amjad Hussain Sial met with ADB President Takehiko Nakao to discuss ways to increase cooperation between SAARC and ADB. Mr. Sial noted the prospects for better cooperation between SAARC and SASEC.

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Tags: Regional Cooperation, SAARC, ADB, SASEC, South Asia

March 2018

Nepal to Propose Finalization of Transshipment Modality with India in Upcoming IGC Meeting

The Government of Nepal is aiming to finalize the transshipment modality with the Government of India for its third country trade. It will be part of the agenda in the upcoming Intergovernmental Committee (IGC) meeting in April in Pokhara, Nepal, headed by India and Nepal commerce secretaries.

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Tags: Nepal, India, ADB, Transport, Electronic Cargo Tracking System

February 2018

Governments of Nepal and India Prepare to Launch the ECTS Pilot Program

The Governments of Nepal and India are preparing to launch the Electronic Cargo Tracking System (ECTS) as soon as possible. It received the green light from Nepal's Council of Ministers in January 2018. The planned pilot will run for three months, covering cargo entering Nepal by rail in Birgunj and by road in Biratnagar and Bhairawa. ADB is supporting the piloting of the project through the SASEC Program.

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Tags: Nepal, ADB, SASEC, India, Transit Facilitation, Electronic Cargo Tracking System

January 2018

Women Entrepreneurs Look to SAARC Markets

South Asian Women Development Forum (SAWDF) will promote products by women entrepreneurs in markets in SAARC countries. A Women Entrepreneur International Trade and Technology Hub will be developed in Visakhapatnam, India, with ADB assistance. The Hub will serve as a one-stop platform for women entrepreneurs and provide training on international trade and business.

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Tags: ADB, Bangladesh, Bhutan, India, Maldives, Nepal, SAARC, Sri Lanka, Trade

January 2018

Electronic Cargo Tracking System to Help Ease Transit of Nepal-bound Cargo

The Cabinet of Nepal has approved the modality of the Electronic Cargo Tracking System (ECTS). Following this, Nepal's Ministry of Commerce (MoC) has begun preparations for ECTS implementation with the assistance of ADB. Mr. Ravi Shanker Sainju, Joint Secretary, MoC, is hopeful that the ECTS will help control the turnaround time of shipping line containers, and significantly reduce the delay and cost of trade. He stressed that if Nepal can minimize time consumed in trade, cost of goods.

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Tags: ADB, Nepal, Electronic Cargo Tracking System, Customs, Trade

December 2017

SASEC Project to Increase Capacity of Nepal Transmission Lines

An ADB-funded project is upgrading power lines and substations in 49 locations in Nepal to enhance the country’s electricity distribution system. The $191 million SASEC Power System Expansion Project aims to increase the load-bearing capacity of transmission lines in Nepal.

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Tags: ADB, SASEC, Energy, Nepal

December 2017

India Fast-tracks International Highways in South Asia

India's Ministry of Road Transport and Highways (MoRTH) will prioritize plans to construct 2,000 kilometers of roads linking India's major highway corridors to international trade points in South Asia. MoRTH Minister Nitin Gadkari highlights that this plan, worth Rs 25,000 crore, will facilitate export/import trade with Bangladesh, Bhutan, Myanmar, and Nepal. The Ministry also took steps to operationalize the BBIN MVA.

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Tags: ADB, Bangladesh, Bhutan, India, Myanmar, Nepal, Transport

December 2017

Asian Development Outlook Cites South Asia as Fastest Growing Subregion

Trade is lifting developing Asia’s growth, according to the Asian Development Bank Outlook (ADO) Supplement: A Firmer Growth Outlook for Asia. Despite downward revisions from previous projections, South Asia is still forecast to remain the fastest growing subregion in Asia and the Pacific.

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Tags: ADB, Development, South Asia

November 2017

ADB Holds Regional Cooperation Week; SASEC Team Recognized

ADB held a Regional Cooperation and Integration (RCI) Week to asses strategic RCI themes and initiatives in Asia and the Pacific and to define ADB implementation of its RCI Operational Plan. ADB also presented RCI Best Performers Awards, recognizing the SASEC Program for the SASEC Vision: Powering Asia in the 21st Century, and for leading the SASEC Road Connectivity Investment Program Multitranche Financing Facility Project.

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Tags: ADB, Connectivity, Regional Cooperation, Road, SASEC, Transport

November 2017

Speech: Accelerating RCI in Asia and the Pacific for Economic Growth, Shared Prosperity, and Sustainability

In his keynote address at the ADB Regional Cooperation and Integration Week, ADB President Takehiko Nakao stated that regional cooperation is critical to securing Asia’s economic future. He noted ADB’s continued commitment to support regional cooperation as a means to reduce inequality and overcome infrastructure gaps, and cited specific SASEC projects as effective examples. The ADB Regional Cooperation and Integration Week was held on 27-29 November 2017, in Manila, Philippines.

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Tags: ADB, ASEAN, Economic Corridor Development, Energy, Myanmar, Regional Cooperation, SASEC, Transport, World Bank, WTO

November 2017

Asia-Pacific Ministers Vow to Advance Regional Cooperation to Support SDG Agenda

At the Second Ministerial Conference on Regional Cooperation and Integration (RECI) organized by UNESCAP and ADB, government ministers and participants committed to support the implementation of the agenda for the Sustainable Development Goals (SDGs). The ministers said RECI should be consistent with the SDGs in contributing to social progress and environmental sustainability.

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Tags: ADB, Asia-Pacific, Energy, Regional Cooperation, Sustainable Development Goals, Trade Facilitation, Transport, UNESCAP

November 2017

Report Calls for Speedy Implementation of Paperless Trade

Implementing paperless trade measures in Asia and the Pacific would reduce trade costs, raise competitiveness, and enable countries in the region to benefit from the digital economy, according to the Trade Facilitation and Paperless Trade Implementation - Global Report 2017.

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Tags: ADB, ASEAN, Customs, Trade Facilitation Agreement, UNCTAD, UNESCAP, WTO

October 2017

Comprehensive Development Plan for Bangladesh Economic Corridor Submitted to the Government

The Asian Development Bank has submitted the Comprehensive Development Plan for the proposed Southwest Bangladesh Economic Corridor to the Government of Bangladesh. This strategic framework document will guide the efficient implementation of economic corridor projects, integrating industry, urban, infrastructure, and regulatory frameworks.

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Tags: ADB, Bangladesh, Economic Corridor Development

October 2017

ADB to Help Upgrade the Dhaka-Northwest International Trade Corridor

The Asian Development Bank has approved $1.2 billion financing support for the second phase upgrade of the Dhaka-Northwest international trade corridor, the second busiest artery in Bangladesh. Upgrading this corridor will improve access to the Burimari Land Port, which links Bangladesh to Bhutan through India, potentially increasing trade.

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Tags: ADB, Bangladesh, India

August 2017

ADB, Korea EXIM Bank Hold Seminar on Colombo-Trincomalee Economic Corridor

The Asian Development Bank (ADB) and the Export-Import Bank of Korea (Korea EXIM Bank) held a seminar on the Colombo-Trincomalee Economic Corridor (CTEC) on 3 August 2017 to present the CTEC final policy consultation paper. The ADB-Knowledge Sharing Program joint consulting program was established to help strengthen Sri Lanka’s CTEC initiatives by providing practical knowledge, especially in foreign direct investment promotion.

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Tags: ADB

August 2017

Commentary: Blending Labor Advantage with High-tech Innovation

This commentary on the interim report for the Southwest Bangladesh Economic Corridor by Mr. M. Rokonuzzaman Ph.D, Professor, Department of Electrical and Computer Engineering, North South University, Bangladesh, highlights the need for Bangladesh to boost its labor advantage with high-tech innovation to create high-paying jobs for millions of university graduates, ultimately driving the country toward its goal of achieving high-income status by 2041.

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Tags: ADB, Bangladesh, Economic Corridor Development

July 2017

Commentary: Bangladesh – A Market for Sri Lankan Investors

Bangladesh and Sri Lanka are working to increase their trade volume and diversify their products to promote more mutually-beneficial trade. This commentary by Mr. Amila Muthukutti, Sri Lankan economist and business writer, discusses market opportunities in Bangladesh for Sri Lankan investors, and highlights how a Free Trade Agreement will pave the way for strong trade relations.

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Tags: ADB, Bangladesh, Sri Lanka, Free Trade Agreement, Bilateral Trade

July 2017

ADB Forecasts Improved Growth for South Asia

Economic growth prospects in developing Asia for 2017 have improved on the back of stronger-than-expected export demand in the first quarter of this year, according to Asian Development Bank (ADB) report, Asian Development Outlook (ADO) 2017 Supplement. South Asia will remain the fastest growing of all subregions in Asia and the Pacific, with growth on track to meet projections of 7.0% in 2017.

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Tags: South Asia, ADB, India, Exports, Development

July 2017

ADB to Help Nepal Modernize Trade Facilitation

The Asian Development Bank has approved a $21 million loan to support the Government of Nepal’s efforts to simplify, harmonize, and modernize the country’s trade processes, under the South Asia Subregional Economic Cooperation. The program will help the country to promote and diversify exports, and help it fulfill its commitments to international customs standards.

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Tags: ADB, Trade, Trade Facilitation, Nepal

June 2017

Electronic Cargo Tracking System to Improve India-Nepal Cargo Traffic and Security

An electronic tracking system will soon ease traffic-in-transit for cargo traveling by road and rail from Kolkata to four major Customs points of Nepal, including the Raxaul route. Mr. Sandeep Kumar, Customs Commissioner, India, and Mr. Rabi Shanker Sainju, Commerce Ministry Joint Secretary, Nepal, signed a memorandum of intent to pilot the tracking system for a trial period of at least 90 days in late 2017.

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Tags: Electronic Cargo Tracking System, ADB, SASEC, Nepal, India, BBIN, Customs, Road, Rail, Transport

May 2017

Regional Cooperation Initiatives to Bolster Greater Male Region Development

Mr. Wencai Zhang, Vice President, Asian Development Bank (ADB), encouraged the active participation of Maldives in regional cooperation programs, in his two-day visit to Male, Maldives. ADB plans to increase support for Maldives in 2018-2019 through its indicative investment program that focuses on developing the Greater Male region, and also includes the SASEC National Window Project.

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Tags: Regional Cooperation, Maldives, Trade Facilitation, Single Window, ADB

May 2017

SAARC Finance Ministers Meet in Yokohama, Japan

Finance ministers and senior officials of member countries of the South Asian Association for Regional Cooperation (SAARC), including Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka met on 5 May at Yokohama, Japan, at the sidelines of the Asian Development Bank (ADB) 50th Annual General Meeting.

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Tags: ADB, Bangladesh, Bhutan, Central Asia, Climate Change, Energy, India, Maldives, Nepal, Policy, Regional Cooperation, SAARC, SASEC, Sri Lanka, Trade, Transport

February 2017

ADB, India Ink $375 Million Loan/Grant Agreement to Develop the Vizag-Chennai Industrial Corridor

The Asian Development Bank and the Government of India have signed a $375 million agreement to develop the 800-kilometer Visakhapatnam (Vizag)-Chennai Industrial Corridor. The agreement includes the first tranche of $245 million, which will develop high-quality infrastructure in Visakhapatnam and Yerpedu-Srikalahasti, a $125 million policy-based loan, and a $5 million grant to build climate change resilient infrastructure.

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Tags: ADB, Economic corridor, India, Act East Policy, Make in India, manufacturing

February 2017

Bhutan Prime Minister Meets Incoming ADB Country Director

Bhutan Prime Minister Tshering Tobgay met Ms. Kanokpan Lao-Araya, incoming Country Director, Asian Development Bank (ADB) Bhutan Resident Mission, and Mr. Hun Kim, Director General, ADB South Asia Department in Thimphu, Bhutan, after presentation of Ms. Lao-Araya's credentials to Bhutan Minister of Foreign Affairs, Mr. Damcho Dorji. ADB is upgrading Bhutan from a representative office to full-country operations.

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Tags: ADB, Bhutan, Regional Cooperation, South Asia

February 2017

ADB to Increase Support to Nepal to $1.2 Billion

ADB has allocated $843.8 million for Nepal for 2017-2019. An additional $356 million can be made available over the period for projects contributing to regional cooperation and integration and reduction of disaster risks, provided that Nepal continues to improve performance of its ongoing projects, according to Mr. Wencai Zhang, Vice President, ADB. 

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Tags: Nepal, ADB, Regional Cooperation, Infrastructure, Energy

February 2017

ADB to Back Bangladesh Road Connectivity and Energy Trade

The Asian Development Bank (ADB) is ready to assist Bangladesh in its efforts to improve transport and energy connectivity. Mr. Wencai Zhang, Vice President, ADB, affirmed that ADB will continue to support Bangladesh in its goal of becoming a developed country by 2041, as well as in achieving the Sustainable Development Goals and minimizing climate change impact.

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Tags: ADB, Bangladesh, Bhutan, BBIN, Cooperation, Development, Motor Vehicles Agreement, Energy, Investment, Nepal

February 2017

Commentary: India Infrastructure: Connecting Bihar

The Ganges flows through the middle of Bihar, India, physically dividing it into north and south. Enhanced connectivity can improve lives and livelihoods, especially if the infrastructure is climate-sensitive. Ms. Saleha Waseem, Operations Communications Specialist at the Asian Development Bank’s South Asia Regional Department, shows how improving transport links would make a huge difference to millions of people.

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Tags: ADB, Agriculture, Bangladesh, Connectivity, Development, Economic corridor, Regional Cooperation, India, Nepal, Road, Services, Transport

February 2017

Commentary: Connecting Asia's Growth Poles

Mr. Wencai Zhang, Asian Development Bank Vice President, discusses in this commentary how Asia’s growth poles will drive the global economy in the coming years, if South Asia, Southeast Asia, and East Asia can dynamically integrate their economies. He emphasized the urgent need to synch strengths across sub-regions—by removing non-tariff barriers, strengthening connectivity, and building economic corridors—to help erase poverty in the region.

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Tags: ADB, Myanmar, Bangladesh, Connectivity, Economic Corridor Development

December 2016

SASEC Mini Dry Port Project to Help Ease Traffic in Phuentsholing, Bhutan

Two of three South Asia Subregional Economic Cooperation project components are seeing progress in Bhutan. A planned mini dry port project aims to provide cargo and other commercial vehicles a route that avoids traffic jams in the border town of Phuentsholing. A 2.66-kilometer bypass will also be built to connect Bau Bazaar in Jaigon and the Phuentsholing-Thimphu highway.

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Tags: ADB, Bhutan, Transport, Customs, Road, SASEC, South Asia

December 2016

Regional Workshop Highlights Achievements of the SASEC Information Highway Project

A Regional Workshop on the SASEC Research and Training Network was held to assess the results and achievements of the SASEC Information Highway Project. The Meeting reviewed project implementation, discussed knowledge products, and summarized project benefits to rural communities. It also proposed ways to facilitate sustainable ICT cooperation among the four countries.

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Tags: ICT, SASEC, ADB, Bangladesh, Bhutan, India, Nepal

December 2016

ADB Strategic Climate Fund Boosts the Nepal SASEC Power System Expansion Project Fund

The Asian Development Bank (ADB) has approved an additional $20 million for the SASEC Power System Expansion Project in Nepal, to be provided by the ADB Strategic Climate Fund. This additional financing will support installation of utility-scale solar photovoltaic systems by 2018. The Government of Nepal is also providing complementary funding of $24.5 million.

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Tags: Energy, Nepal, Trade, Hydropower, ADB, SASEC, Climate Change, Renewable Energy, Sustainability, Regional Cooperation, Regional Integration, Solar Energy, India

December 2016

ADB to Fund Bangladesh 129-kilometer Dohazari-Gundum Railway Line

Bangladesh Railway has set out a 20-year plan in a bid to increase the transport body’s market share. The plan includes 235 railway projects at a cost of $30 billion. The country currently has 2,877 kilometers of railroads and has made plans to add another 375 kilometers. ADB will be funding the 129-kilometer Dohazari-Gundum railway line at a cost of $1.5 billion. Such projects are expected to boost economic growth in Bangladesh.

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Tags: Rail, Transport, Bangladesh, ADB

December 2016

Ferry Services between Colombo and Tuticorin Being Planned

The Colombo Shipping Corporation is planning to re-establish ferry linkages under public-private partnership. A SAARC Meeting of Experts from India, Maldives and Sri Lanka, recommended resumption of ferry services between Tamil Nadu and Sri Lanka. 

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Tags: ADB, India, Maldives, Public-Private Partnership, Regional Cooperation, SAARC, Sri Lanka, Transport

December 2016

SASEC Roads Improvement Project to Boost Nepal's Transport Connectivity and Export Competitiveness

The Asian Development Bank has approved a loan for $187 million to Nepal for the SASEC Roads Improvement Project, which will upgrade transport connectivity and bring transformational gains by making social services more accessible, opening up previously untapped economic opportunities, and supporting trade between Nepal and India.

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Tags: SASEC, Transport, Nepal, Connectivity, ADB, Services, Trade

November 2016

Sri Lanka Ports Authority, ADB Engage Firm to Develop Master Plan

The Sri Lanka Ports Authority and the Asian Development Bank has engaged the Maritime and Transport Business Solution company to develop a National Ports Master Plan to further strengthen Sri Lanka's port sector.

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Tags: ADB, Sri Lanka, SASEC, Ports

November 2016

East Coast Economic Corridor to Include Odisha

The State Government of Odisha will prepare a conceptual development plan for the first phase of the East Coast Economic Corridor (ECEC) by March 2017. Odisha has been included in the ECEC following discussions between officials of the Government of India and the Asian Development Bank.

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Tags: East Coast Economic Corridor, Economic corridor, Odisha, Make in India, manufacturing, ADB, India

September 2016

ADB to Fund India’s First Coastal Industrial Corridor

ADB has approved a multitranche financing facility and grant of $500 million for the Visakhapatnam-Chennai Industrial Corridor Development Program to develop India’s first coastal industrial corridor, with the Government of India also contributing $215 million in funding. The Visakhapatnam-Chennai Industrial Corridor is a key section of India’s planned East Coast Economic Corridor. 

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Tags: ADB, Economic corridor, Vizag-Chennai Industrial Corridor, India, SASEC, SASEC Operational Plan

September 2016

SASEC Countries Gear Up for Greater Economic Cooperation

The six member countries of the South Asia Subregional Economic Cooperation Program have launched the SASEC Operational Plan for 2016-2025. The plan expands the program’s focus beyond intraregional cooperation to deepening linkages with Southeast and East Asia, and widens the scope of transport, trade facilitation, and energy cooperation to include economic corridor development as a priority initiative. The plan also lists more than 200 potential regional projects for South Asia.

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Tags: ADB, SASEC, Economic corridor, Bangladesh, Bhutan, India, Maldives, Nepal, Sri Lanka

July 2016

SASEC Investment Projects Top $7.7 Billion

South Asia Subregional Economic Cooperation (SASEC) investment projects increased to a cumulative $7.66 billion in the areas of transport, energy, trade facilitation, and ICT with the recent approval of India’s Bihar New Ganga Bridge Project. To date, 40 SASEC-supported projects are helping member countries strengthen regional connectivity infrastructure, promote economic growth, and foster regional cooperation. In addition, there are now 71 technical assistance projects worth $66.14 mi

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Tags: SASEC, Energy, Trade Facilitation, Transport, South Asia, ADB, ICT, Bangladesh, Bhutan, India, Maldives, Nepal, Sri Lanka, Economic Corridor Development

June 2016

ADB-Bangladesh PPP Road Project to Boost Dhaka's Intercity Connectivity

The Rampura-Amulia-Demra public-private partnership (PPP) road project in Bangadesh will be developed into a four-lane 13.5-kilometer access road under a transaction advisory services agreement between the Asian Development Bank (ADB) and the Bangladesh Public–Private Partnership Authority. The project complements ADB’s existing support to the Bangladesh Roads and Highways Department for intercity road connectivity under the SASEC Program.

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Tags: Bangladesh, Transport, ADB

June 2016

ADB Earmarks $4.1 Billion for Bangladesh, Including $300 Million for SASEC Road Connectivity

The Asian Development Bank (ADB) has earmarked $4.10 billion for Bangladesh for the 2016-2019 period, subject to project readiness. This includes $50 million for the proposed SASEC Road Connectivity Project-II and $200 million for the Chittagong-Cox's Bazar railway project. The ADB is also allotting $300 million for power generation and $194 million for rural infrastructure maintenance.

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Tags: ADB, Bangladesh, Road, Transport

June 2016

Speech: The Future of Energy Demand

Greatly increased energy consumption is powering economic transformation in Asia and the Pacific, but also contributing to higher greenhouse gas emissions. The devastating effects of climate change are already being felt in the region. In this speech delivered at the Pacific Energy Summit on 24 June 2016 in Singapore, Bambang Susantono, Vice-President for Knowledge Management and Sustainable Development, Asian Development Bank, looks at the challenges faced by Asia’s growing economies a

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Tags: ADB, Energy, Hydropower, Climate Change, Bhutan, India, Nepal

May 2016

ADB, SDF Sign Pact to Co-finance Development Projects

The South Asian Association for Regional Cooperation Development Fund (SAARC SDF) and the Asian Development Bank (ADB) have signed a memorandum of understanding to undertake development projects in the South Asian region.

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Tags: ADB, Transport, SAARC, ICT, Trade, Bhutan, India, Nepal

April 2016

Central Safeguard Unit to Help Coordinate Nepal SASEC Power System Expansion Project

The Nepal Electricity Authority (NEA) and the Asian Development Bank (ADB) will create a 'central-level safeguard unit' to focus on preparation of the ADB-supported SASEC Power System Expansion Project in Nepal. The unit will comprise a team of professionals and experts, who will coordinate project issues at the local level, including land acquisition, forest clearance, and right of way.

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Tags: ADB, Nepal, Energy

January 2016

Vizag-Chennai Industrial Corridor to Boost Andhra Pradesh's Industrial Activity

A potential Asian Development Bank loan of $625 million will boost the planned $840 million Vizag-Chennai Industrial Corridor (VCIC). VCIC will form part of India’s proposed East Coast Economic Corridor, with 4 industrial nodes expected to double industrial output and improve productivity in Andhra Pradesh by 30% over the next 2 decades.

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Tags: Vizag-Chennai Industrial Corridor, Transport, Ports, manufacturing, India, Economic corridor, ADB, Make in India

December 2015

ADB Chief Economist Visits Sri City for the Vizag-Chennai Industrial Corridor Study

Asian Development Bank (ADB) Chief Economist and Director General of Economic Research Dr. Shang-Jin Wei and a team of senior officials visited Sri City in India's Andhra Pradesh on 17 December 2015 as part of a study on the Vizag-Chennai Industrial Corridor (VCIC). A Special Economic Zone for export-oriented industries will be established in Sri City's Industrial Zone, to support India's manufacturing growth campaign, the 'Make in India' initiative.

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Tags: Special Economic Zone, Vizag-Chennai Industrial Corridor, manufacturing, India, ADB

June 2015

ADB to Support US$6 Billion in Regional Connectivity Projects

The Asian Development Bank (ADB) plans to provide about US$6 billion for projects in Bangladesh, including regional connectivity road transport and railway networks. ADB – through its country partnership program 2016-2018 – is committed to supporting regional connectivity in South Asia that boosts trade and commerce.

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Tags: ADB, Bangladesh, Transport

June 2015

BBIN Agreement on Motor Vehicles Signed

The Bangladesh, Bhutan, India, Nepal (BBIN) transport ministers met in Thimphu, Bhutan on 15 June 2015 to endorse and sign the Motor Vehicles Agreement for the Regulation of Passenger, Personal and Cargo Vehicular Traffic between Bangladesh, Bhutan, India, and Nepal (BBIN MVA). The BBIN MVA facilitates land transport arrangements among the four countries.

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Tags: ADB, BBIN, Transport

May 2015

NEA, ADB in Talks to Install Solar Lights in Earthquake-Affected Villages

The Nepal Electricity Authority (NEA) is in talks with the Asian Development Bank (ADB) to install solar lights in remote districts where power distribution was severely damaged by the earthquake. Solar power can provide a temporary solution while NEA repairs its distribution channels.

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Tags: Energy, ADB, Nepal

April 2015

ADB's 48th Annual Meeting has Regional Cooperation on the Agenda

The 48th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) will discuss regional developments in Asia and the Pacific on 2-5 May 2015 in Baku, Azerbaijan. Scheduled events will explore the general theme “Fostering Partnership for Development,” including the need to enhance regional cooperation and integration within Central Asia and the South Caucasus.

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Tags: ADB, Regional Cooperation, Central Asia

March 2015

WCO Holds First Regional Workshop on Trade Facilitation

The world's first regional workshop on the World Trade Organization’s Trade Facilitation Agreement (WTO TFA) was held in Jakarta, Indonesia from 16 to 18 March 2015. The three-day workshop discussed strategic initiatives that focused on three main agendas: (i) WTO TFA implementation; (ii) the World Customs Organization's Mercator Programme; and (iii) Customs cooperation among government age

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Tags: WCO, WTO, Trade Facilitation, ADB

February 2015

Asian Development Bank to Give $1 Billion Credit to Improve Nepal's Infrastructure

Asian Development Bank (ADB) President Takehiko Nakao called on Nepal Prime Minister Sushil Koirala on 3 February 2015 during a visit to Nepal, and met with Finance Minister Ram Sharan Mahat and National Planning Commission Vice Chairperson Govinda Pokharel. ADB plans to provide about $1 billion in concessional loans and about $13 million in technical assistance grants to Nepal over the next three years to support faster and more inclusive growth in the country.

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Tags: ADB, Nepal, Energy, Transport, Trade Facilitation

November 2014

Government of Norway and ADB Co-Financing Agreement for SASEC Power Expansion Project

A co-financing agreement for the South Asia Subregional Economic Cooperation (SASEC) Power System Expansion Project was signed by the Asian Development Bank (ADB) and the Norwegian Ministry of Foreign Affairs on 14 November 2014 in Kathmandu, Nepal. The project will improve access to energy in Nepal by increasing electricity access.

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Tags: Energy, ADB, Nepal

October 2014

ADB Extends $40 Million Loan to Indian Port Company

The Asian Development Bank is extending $40 million in loan to Ocean Sparkle Ltd, one of India’s largest port operations and management companies, to expand and improve fleet services. This first private sector investment in India’s ports sector will fuel efficiency, lower freight costs, hasten shipping, and expand maritime trade.

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Tags: ADB, India, Ports

October 2014

Growing Demand for Electricity among Rural Households in Bhutan

The Royal Government of Bhutan's target to bring “Electricity for All” is picking up pace. The rural electrification project, which began in 2013 with the initial goal of bringing electricity to 40,257 households, had already connected 40,300 households to the national power grid by August 2014. In response to popular demand, the Government has now set a deadline for every home in Bhutan to receive electricity supply by end 2014. 

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Tags: Bhutan, Energy, ADB

September 2014

Regional Energy Trade Workshop Held at ADB

The Asian Development Bank held a Regional Energy Trade Workshop at its headquarters in Manila, Philippines on September 8-9, 2014. Mr. Bindu Lohani, ADB Vice President for Knowledge Management and Sustainable Development, delivered the welcoming remarks.

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Tags: Energy, ADB, SAARC, Regional Cooperation

August 2014

Stronger Regional Ties Necessary for India's Economic Development

Asian Development Bank President Takehiko Nakao expressed full support for Indian Prime Minister Narendra Modi's vision of greater regional integration and connectivity at a meeting on August 27 during a 2-day visit to India. Strengthening ties with South Asian Association for Regional Cooperation countries is a focus of Prime Minister Modi's government.

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Tags: ADB, Energy, India, Regional Cooperation

August 2014

ADB Committed to Help Nepal Graduate from LDC Status, Ready to Facilitate India-Nepal Power Trade Agreement

Asian Development Bank Vice President Mr. Wencai Zhang met with the Prime Minister of Nepal, Mr. Sushil Koirala on 17 August 2014, and assured him of ADB's commitment to help Nepal achieve its vision of graduating from least-developed country status by 2022.

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Tags: Nepal, Energy, ADB

July 2014

WTO Trade Facilitation Agreement Facility Support LDCs and Developing Countries

A Trade Facilitation Agreement Facility was launched by the WTO on 22 July 2014, further ensuring that least developed countries and developing countries will receive necessary assistance in implementing the trade facilitation agreement.

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Tags: WTO, Trade Facilitation, Poverty Reduction, ADB, SASEC, Trade Facilitation Agreement, LDC, WCO, UNESCAP

June 2014

SASEC Energy Projects in Nepal Increase Clean Energy Use

Nepal’s Alternative Energy Promotion Centre has installed its first wind-solar hybrid system in Dhaubadi village of Nawalparasi district, with Asian Development Bank support. The clean energy approach of this successful pilot project, already providing energy services to 46 rural households, can be replicated under a proposed SASEC power system expansion project.

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Tags: Energy, Nepal, Poverty Reduction, ADB, SASEC

May 2014

Launch of $1.5 Million Japan Fund for Poverty Reduction Technical Assistance for Trade Facilitation in Nepal

Mr. Madhu Kumar Marasini, Joint Secretary, Ministry of Finance represented the Government of Nepal at the official launch of activities under a $1.5 million technical assistance project financed by the Japan Fund for Poverty Reduction, on 21 May 2014 in Kathmandu, Nepal. The capacity development technical assistance will support trade facilitation initiatives being carried out under the South Asia Subregional Economic Cooperation (SASEC) Trade Facilitation Program.

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Tags: Trade Facilitation, Nepal, SASEC, ADB, WCO, Poverty Reduction, Customs

November 2012

ADB Assisting South Asia to Reduce Trade Barriers

ADB is providing $48 million to help goods move more smoothly in and out of Bangladesh Bhutan and Nepal.

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Tags: ADB, Bangladesh, Bhutan, Customs, Nepal, SASEC, South Asia, Trade, Trade Facilitation

October 2012

Asia-Pacific Trade Facilitation Forum 2012

ADB in cooperation with UNESCAP organized the Asia-Pacific Trade Facilitation Forum (APTFF) held on 30-31 October 2012.

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Tags: ADB, Asia-Pacific, Development, Regional Cooperation, SASEC, South Asia, Sri Lanka, Trade Facilitation, UNESCAP

June 2012

SAARC and ADB Workshop

A SAARC-ADB workshop held at the SAARC Secretariat Kathmandu on 21-22 June finalized the drafts of three studies.

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Tags: ADB, Economic cooperation, Regional Cooperation, Regional Integration, Nepal, SAARC, Services, Trade

May 2012

SAARC Finance Ministers Meet in Manila

SAARC Finance Ministers met at an informal meeting in Manila on 3 May 2012 on the sidelines of the 45th ADB Annual Meeting.

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Tags: Economic cooperation, Regional Cooperation, ADB, Regional Integration, SAARC, South Asia, Trade

May 2012

SASEC Nodal Officials Meeting

The Nodal Officials of the SASEC Program met at the sidelines of the 45th ADB Annual Meeting in Manila on 3 May 2012.

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Tags: ADB, Energy, ICT, Regional Cooperation, SASEC, South Asia, Trade Facilitation, Transport

April 2012

SASEC Countries Sign Bilateral Interconnection Agreements

During the Bilateral Interconnection Agreement Meeting held on 25-27 April 2012 in Manila major telecommunication providers from SASEC countries signed agreements for the direct peering and exchange of internet traffic through high speed fiber-optic links to be built under the Information Highway.

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Tags: ADB, Bangladesh, Bhutan, ICT, Nepal, Regional Integration

March 2012

Kunming Conference

About 160 officials from 30 countries participated in the ADB conference on RCI held on 26-27 March in the PRC.

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Tags: ADB, Climate Change, Economic corridor, Environment, Regional Cooperation, Regional Integration, South Asia, Sustainability, Transport, Trade Facilitation

March 2012

Dhaka-Chittagong Expressway Public-Private Partnership Design Project

Road transport is the primary mode of land transportation in Bangladesh responsible for 70% of passengers and 60% of freight.

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Tags: ADB, Bangladesh, Public-Private Partnership, Road, Transport