India: SASEC Road Connectivity Investment Program - Tranche 1

This project is the first disbursement of a multitranche financing facility (MFF) investment program that will increase domestic and regional trade through North Bengal and the North Eastern Region of India by improving road connectivity and efficiency of 500 kilometers of international trade corridor (about 300 km under Project 1). The corridor is a key strategic thoroughfare integrating South and Southeast Asia, bordering Bangladesh, Bhutan, Myanmar, and Nepal. Improvements in road connectivity will enable efficient and safe transport within India, and regionally.


PROJECT DETAILS

Commitment Date

Funding Type

Country

Sector

Status

Total Cost

26 Mar 2015

Loan

India

Transport/Road

Ongoing

$425 million

KEY OUTPUTS

Upgrading of about 300 kilometers of road subprojects, including 37 km of Asian Highway 2, and 97 km of Asian Highway 48

Upgrading of about 130 km of state roads extending the connection with Myanmar

FINANCING

$300 million (Asian Development Bank)

$125 million (Government of India)