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 $424.80 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) $124.8 million (Government of India) |
