Compiled features on recent developments in regional cooperation and integration in the SASEC region.
Construction of a new road from Imphal City to Tamenglong via Kangchup was officially inaugurated by Manipur Chief Minister Okram Ibobi Singh. The 103-kilometer road improvement is part of a larger program to improve a key strategic thoroughfare on the Asian Highway, integrating South and Southeast Asia, bordering Bangladesh, Bhutan, Myanmar, and Nepal. It is funded by an Asian Development Bank loan, approved in March 2014.
Tags: India, Asian Highway, Transport, Economic Corridor Development
Strengthening of regional cooperation and integration (RCI) remains a priority of the Asian Development Bank (ADB), according to its Bangladesh Country Operations Business Plan for 2016–2018. In the energy sector, ADB will continue to expand access to and make Bangladesh's power supply more reliable. In the transport sector, ADB will further promote safe, reliable, and fully integrated transport systems that move people and goods more efficiently within the country and across the region.
Tags: Bangladesh, Asian Highway, Energy, Transport
ADB and the Government of India signed a $300 million loan agreement on 26 March 2014 to improve road connectivity and increase domestic and regional trade along the North Bengal-Northeastern Region international trade corridor. This loan is the first under a $500 million multitranche South Asia Subregional Economic Cooperation (SASEC) Road Connectivity Investment Program (SRCIP) approved by ADB in 2014.
Tags: India, Transport, Asian Highway