SASEC Roads Development in Bangladesh on Track

1 March 2017

A delegation from the Abu Dhabi Fund for Development (ADFD) was in Bangladesh to review progress of two of its development projects. Work for both the Sikalbaha Power Station and the South Asia Subregional Economic Cooperation (SASEC) Road Connectivity Project are proceeding as planned.

The Sikalbaha Power Station, one of ADFD’s key energy projects in Bangladesh, is now 90% complete. ADFD contributed to the construction of generators to help stabilize the national grid and meet Dhaka’s energy needs. The power plant is scheduled to open later this year.

Road developments and transportation infrastructure work under the SASEC Road Connectivity Project began in March 2016 and are now 22% complete. ADFD committed a AED115 million concessionary loan (approximately $31.31 million) in 2013 to co-finance the project.

Mr. Mohammed Saif Al Suwaidi, Director General, ADFD, reported that both projects are moving swiftly, expertly, and with the utmost regard to operational efficiency.

 

Related Links:

Roundtable Urges Increased India-Myanmar Connectivity, Trade

A roundtable discussion held in Myanmar noted the need to substantially increase connectivity, trade and diplomatic relations between...
Read More >>

India, Nepal Agree to Develop Bridge over Mechi River

India Prime Minister Narendra Modi and Nepal Prime Minister Sher Bahadur Deuba witnessed the signing of eight memorandums...
Read More >>

Indian Businesses Urged to Invest in Nepal at Business Forum

Nepal Prime Minister Sher Bahadur Deuba urged Indian investors to look at opportunities in Nepal at an India-Nepal...
Read More >>

ADB, Korea EXIM Bank Hold Seminar on CTEC

The Asian Development Bank (ADB) and the Export-Import Bank of Korea (Korea EXIM Bank) held a...
Read More >>

The Future of e-Governance in South Asia

South Asia is one of the fastest growing economic regions, and collaboration in the field of information and...
Read More >>

Bangladesh to Export Bandwidth

Plans to export 102.5 gigabit (Gb) per second of bandwidth from Bangladesh to its neighbors, Bhutan, Myanmar, Cambodia,...
Read More >>

Bangladesh Fast-Tracks Chittagong-Cox's Bazar Railway Project

The Government of Bangladesh is set to select two companies to construct a single-line dual-gauge railway track from...
Read More >>