ADB Approves Power Project Loan in Nepal
ADB is supporting the Electricity Grid Modernization Project through an additional $60 million loan to upgrade power transmission and distribution systems in Nepal. The ongoing project is automating 34 existing grid substations, completing the installation of smart meters in the Kathmandu Valley, upgrading 144 kilometers and constructing 113 km of transmission lines, and establishing an electricity distribution system command and control center.
SASEC Railway Project in Bangladesh 62% Completed
The Government of Bangladesh aims to complete the railway line from Dohazari, Chattogram, to Cox's Bazar by June 2023, after work on the project slowed due to the pandemic. The SASEC railway project is building a new 102-kilometer dual-gauge single railway line. It will facilitate trade, investment, and travel for tourists and will strengthen the economy of beach communities along the railway.
Transport Connectivity Key to Intraregional Trade in BBIN and Bay of Bengal Subregions
Increasing transport connectivity is key to regional integration and intraregional trade, according to Mr. Dongxiang Li, Lead Regional Cooperation Specialist, South Asia Department, ADB. He said the development of a regional framework is needed to harmonize policy, procedures, and practice among countries in the Bay of Bengal subregion.
ADB Approves $1.78 Billion for SASEC Dhaka-Sylhet Corridor to Improve Transport and Regional Trade in Bangladesh
ADB has approved a $1.78 billion loan to improve regional trade along the Dhaka–Sylhet trade corridor in Bangladesh. The project, under the SASEC partnership, will support trade by helping connect Chattogram Port with India's northeastern states.
Bangladesh's National Board of Revenue Issues Rules to Expedite Release of Perishable Goods
Bangladesh’s National Board of Revenue has issued the 'Speedy disposal and Release of Perishable Goods Rules-2021.' The rules were drafted as per the condition of the WTO TFA to facilitate ease of doing business. It aims to allow the expeditious release of the perishable goods to maintain quality and quantity, and provide stability to Bangladesh’s supply chain.
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