ADB to finance $ 1202m for Bangladesh corridor road project

Dhaka,  Tue,  26 September 2017
Published : 11 Jul 2017, 17:38:04

ADB to finance $ 1202m for Bangladesh corridor road project

ADB to finance $ 1202m for Bangladesh corridor road project
Asian Development Bank is likely to finance $ 1202 million for Dhaka-Northwest international trade corridor project.

The government has taken a plan to start the project titled 'South Asia Subregional Economic Cooperation Dhaka-Northwest Corridor Road Project, Phase 2', said an official at the Economic Relations Division (ERD) 

The phase-2 of SASEC Road Connectivity project will improve the next portion of the Dhaka-Northwest international trade corridor -- from Elenga through Hatikamural to Rangpur.


The official said that the Manila-based lending agency will also provide $2 million as technical assistance special fund for the project.

The investment programme will improve the road connectivity and efficiency of Dhaka-Northwest international trade corridor, the official added.

The Roads and Highways Department under the Road Transport and Highways Division under the Ministry of Road Transport and Bridges will implement the project.

The SASEC programme is an initiative of Bangladesh, Bhutan, India, and Nepal to build closer links that will spur development activities across the sub-region, according to a report by UNB.

Its work covers activities in many sectors, including transport, trade, energy, the private sector, tourism and the environment.

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