The Post-pandemic Era Can Be a New Era for Asia's Roads, Too
Roads in Asia and the Pacific have been essential for the transport of supplies and services, frontline workers, food, and now vaccines. It is time to revive these vital arteries to prepare for economic recovery. This commentary appears on the Asia Development Blog.
ADB Drafts Action Plan to Improve Service Delivery of Bangladesh Customs
ADB, in consultation with Bangladesh’s National Board of Revenue, has prepared an action plan in line with the Customs Modernization Plan 2019-2022 of Bangladesh. ADB supports the improvement of Bangladesh's trade facilitation environment under a $1.5 million technical assistance for the SASEC Integrated Trade Facilitation Sector Development Program.
ADB Loan to Spur Growth along Tamil Nadu Industrial Corridor
The Asian Development Bank has approved a $484-million loan for a project to improve transport connectivity along the Chennai–Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu, India, to strengthen industrial growth and create jobs along the corridor. The CKIC is part of India's East Coast Economic Corridor, which stretches from West Bengal to Tamil Nadu and connects to Southeast Asia and East Asia.
Small Hydropower Plant in Nepal Rehabilitated with India's Assistance
The small hydropower plant at Chandannath Municipality in Nepal's Jumla District was rehabilitated with financial assistance from the Government of India. The plant was virtually inaugurated by the Embassy of India in Kathmandu, Nepal, the District Coordination Committee of Jumla, and the Nepal Electricity Authority on 5 May.
Indian Energy Exchange Starts Cross-border Electricity Trade Platform
The Indian Energy Exchange (IEX) has launched the Cross Border Electricity Trade (CBET) on its platform. The IEX aims to provide the most competitive benchmark for power prices and valuable signals for the value chain. It will work closely with designated nodal agencies for cross border electricity trade to facilitate inter-country power trade through the exchange market.
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