India: SASEC Road Connectivity Investment Program-Tranche 2
This project is the second 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. Tranche-2 will finance upgrading a section of the Asian Highway (AH)-1 linking Manipur state to Myanmar, and will construct last mile connectivity improvement of an international bridge between India and Nepal, along AH-2. The tranche 2 subprojects will further reduce transaction costs along the targeted cross-border corridors, ushering in economies of scale and commercial prosperity.
| PROJECT DETAILS | ||
|
Commitment Date Funding Type Country Sector Status Total Cost |
1 Oct 2018 Loan India Transport/Road Closed $307.80 million | |
| KEY OUTPUTS |
Upgrade of a section of the AH-1 linking Manipur state to Myanmar Construct international bridge between India and Nepal along AH-2 Finance part of the project cost of the state highway in Manipur being constructed as a subproject under tranche 1 |
| FINANCING |
$150 million (Asian Development Bank) $157.8 million (Government of India) |
