ADB to Support US$6 Billion in Regional Connectivity Projects

18 June 2015

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. Priority will also be given to energy efficiency, renewable energy, and skills enhancement, including delivery and quality of secondary education.

The ADB-assisted South Asia Subregional Economic Cooperation (SASEC) Program strongly promotes the regional transport connectivity agenda of Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka by helping them implement priority projects under the South Asia Association for Regional Cooperation Framework, as well as the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation framework. 

ADB will support implementation of five SASEC connectivity projects during 2016-2018. In 2016, it will provide support for implementation of Dohazari to Cox’s Bazar’s new 100-kilometer (km) railway link Phase-I and II, and the Railway Sector Investment Program. In 2017, ADB will finance the SASEC Road Connectivity Project II (Hatirkamrul-Rangpur-Burimari four-lane), and in 2018, it will provide a loan for the Dhaka-Chittagong dual gauging (230 km) access to Chittagong Port. 

ADB will also finance 12 projects in the energy sector during 2016-2018. 

 

Related Link:

ADB plans to provide $6b for connectivity

 
The National Board of Revenue (NBR) of the Government of Bangladesh is set to open National Single Window...

Read More


Bhutan will build the Gelephu Smart City Project in the Gelephu Special Administrative Region (SAR) to facilitate more...

Read More


Mr. Shakti Bahadur Basnet, Nepal Minister for Energy, inaugurated on 11 December 2023 the Kushma-Butwal power transmission line...

Read More


The Government of Bangladesh and the Asian Development Bank (ADB) signed an agreement for the ...

Read More


The Asian Development Bank (ADB) has approved $336.5 million loan financing under the Asia Pacific Vaccine Access Facility...

Read More


The King of Bhutan, His Majesty Jigme Khesar Namgyel Wangchuck, paid an official visit to India on 3-10...

Read More


Bangladesh Prime Minister Sheikh Hasina and India Prime Minister Narendra Modi inaugurated the Akhaura-Agartala railway link during an...

Read More