Two SASEC Trade Corridors in Pre-construction

5 June 2017

Two economic corridors being developed under the South Asia Subregional Economic Cooperation (SASEC) are now in the pre-construction stage. Mr. Shankar Chakravorti, Public Works Department Minister, West Bengal, India, said the economic corridors would improve connectivity among Bangladesh, Bhutan, India, and Nepal. He was delivering his budget speech at the West Bengal Assembly on 5 June 2017.

The development would augment international trade and improve subregional cooperation through the SASEC Road Connectivity Investment Program.

A 37.27 kilometer (km) length of Asian Highway 2 from Nepal to Bangladesh via Bagdogra in West Bengal and a 90.57 km length of Asian Highway 48 from Bhutan to Bangladesh via the Alipurduar district in West Bengal will be upgraded.

 

Related Link:

Bangladesh, India to Pilot Cargo Railway Service

Bangladesh and India will pilot a freight train service between Dhaka and Kolkata in August, using the broad...
Read More >>

SASEC Road Connectivity to Open Opportunities for MSMEs

India’s Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, gave its approval for a $253,406,409...
Read More >>

ADB to Help Nepal Modernize Trade Facilitation

The Asian Development Bank's (ADB) has approved a $21 million loan to support the Government of...
Read More >>

Commentary: Standards Need Continuous Updating

This commentary by Ms. Ferdaus Ara Begum, Chief Eecutive Officer, Business Initiative Leading Development, highlights the need to...
Read More >>

India Allows Export of Essential Agri Commodities to Maldives

The Government of India has allowed the export of select commodities to Maldives for 2017-2018 without any policy...
Read More >>

Forum Emphasizes Importance of Cooperation in Regional Initiatives

The forum "Linkfest Talk on Economic Development in Landlocked Countries Part 2" organized by the French Embassy, Alliance...
Read More >>

Bangladesh to Ease Transshipment of Goods with Road Widening Project

The Bangladesh Executive Committee of the National Economic Council approved a road widening project for the 51 kilometer...
Read More >>