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The ADB fund will be used for two projects including a USD 130 million-concessional loan for Urban Water Supply and Sanitation Project
#GoodNews - Paving way for another important development in #Nepal, the Asian Development Bank (@ADB_HQ ) agreed to provide USD 150 million as development assistance to the Himalayan nation.👏👏!
South Asian cooperation can increase GDP by $70 billion per year
News Hour:
The seven member countries of the South Asia Subregional Economic Cooperation (SASEC) today launched the SASEC Vision, a new strategic roadmap to guide the subregion’s development through 2025. The SASEC Vision was announced at the SASEC Finance Ministers’ Meeting in New Delhi, India.
“The inspiration for a SASEC Vision comes at a very promising time. South Asia was the fastest…
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Myanmar boosts ties with South Asia as SASEC's newest member
#Myanmar boosts ties with South Asia as #SASEC's newest member
News Hour:
Myanmar has become the seventh member of the South Asia Subregional Economic Cooperation (SASEC) partnership, opening up new markets and supply chain links for trade and business between South Asia and Southeast Asia.
“Myanmar’s participation in SASEC is expected to further promote and accelerate inter-subregional cooperation between South Asia and Southeast Asia and beyond, and will…
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Asian Development Bank pledges 120 million Dollar loan to finance India, Bangladesh electricity link under SASEC Programme
http://www.sharegk.com/curent-affairs/businesseconomy/asian-development-bank-pledges-120-million-dollar-loan-to-finance-india-bangladesh-electricity-link-under-sasec-programme/
Asian Development Bank pledges 120 million Dollar loan to finance India, Bangladesh electricity link under SASEC Programme
The Asian Development Bank (ADB) has pledged to provide 120 million dollar loan in order to finance cross-border electricity link between Bangladesh and India under SASEC Programme. In this regard, loan agreement was signed by ADB Country Director Kazuhiko Higuchi and Mohammad Mejbahuddin, Senior Secretary of Bangladesh Finance Ministry. The loan fund would be used for Second Bangladesh-India Grid Inter connectivity project under the ambitious South Asia Sub-regional Economic Co-operation (SASEC) Programme. The projects under SASEC Programme aim to promote regional prosperity through improved cross border links in trade, power, road & rail links between India ,Bangladesh. The 2nd project under will double the existing capacity from 500 MW to 1000 MW of the inter-connectivity link connecting power grid at Bheramara in western Bangladesh and the grid of eastern India at Bahrampur (Odisha). It should be noted that the networks under the 1st project were connected in 2013 and was financed by the ADB under the SASEC Programme. About South Asia Subregional Economic Co-operation (SASEC) Program:
Set up in 2001 to bring together Bangladesh, Bhutan, India, Maldives, Nepal and Sri Lanka in a project-based partnership. This sub-regional partnership aims to Strengthening regional economic cooperation Boosting trade among member countries. Promote regional prosperity by improving cross-border connectivity. Build a better quality of life for the people of the subregion.
Since its establishment, SASEC member countries have implemented over 37 regional projects worth more than 6.75 billion dollars in the energy, trade facilitation, transport and ICT sectors. Manila (Philippines) based Asian Development Bank (ADB) serves SASEC Secretariat for the member countries.
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ADB: 39454-012: South Asia Subregional Economic Cooperation Transport Logistics and Trade Facilitation Project
The objective of the TA is to help promote subregional economic cooperation and integration between 4 SASEC countries. To this end, the TA will help SASEC countries prepare an investment project that will facilitate unhindered movements of goods, service, and people across SASEC countries through improvement of cross-border transport infrastructure and introduction of modernized cross-border management regimes.... READ MORE
CountryRegional Project Number39454-012Project Type or Modality of AssistanceTechnical Assistance FinancingPublic sector (Sovereign)StatusApprovedApproval NumbersTA No. 6435 Approval Date21 Dec 2011ADB Financing ($ thousand)1,220Sector / Subsector ClassificationTransport and ICT / Road TransportThematic ClassificationEconomic growth Regional cooperation and integration Safeguard CategoriesResettlement: A Indigenous People: B
India: 43166-207: Advanced Project Preparedness for Poverty Reduction - Detailed Design for the SASEC Subregional Road Connectivity Project (Subproject 25)
The proposed C-TA subproject will assist GoWB and GoI in preparing the detailed design for the SASEC Subregional Road Connectivity Project to improve highest priority road corridors, including land customs stations for possible financing by ADB. The main outcome of the TA will be the agreed detailed design of the investment project with enhanced project readiness. The project readiness will ensure that project preparation is ready for implementation with detailed design, detailed project report...READ MORE
CountryIndia Project Number43166-207Project Type or Modality of AssistanceTechnical Assistance FinancingPublic sector (Sovereign)StatusApprovedApproval NumbersTA No. 8116 Approval Date12 Jul 2012Sector / Subsector ClassificationTransport and ICT / Road TransportThematic ClassificationEconomic growth Regional cooperation and integration
RELATED PROJECTS
43166-012: Advanced Project Preparedness for Poverty Reduction (Cluster TA)
43166-022: Advanced Project Preparedness for Poverty Reduction - Madhya Pradesh State Roads III (Subproject 1)
43166-032: Advanced Project Preparedness for Poverty Reduction - Preparing an Investment Plan for Himachal Pradesh Urban Development (Subproject 7)
43166-052: Advanced Project Preparedness for Poverty Reduction - Capacity Development of Bihar Power Sector Entities (Subproject 4)
43166-062: Advanced Project Preparedness for Poverty Reduction - Institutional Development for a Value Chain Approach to Agribusiness in Bihar and Maharashtra (Subproject 12)
43166-082: Advanced Project Preparedness for Poverty Reduction - Capacity Development for Community-based Flood Risk Management in Assam (Subproject 10)
43166-092: Advanced Project Preparedness for Poverty Reduction - Capacity Development for Sustainable Coastal Protection and Management (Subproject 3)
43166-102: Advanced Project Preparedness for Poverty Reduction - Capacity Development for Jharkhand State Roads Sector (Subproject 11)
43166-112: Advanced Project Preparedness for Poverty Reduction - Meghalaya Public Resource Management Development Program (Subproject 9)
43166-122: Advanced Project Preparedness for Poverty Reduction - Water Users Association Empowerment for Improved Irrigation Management in Chhattisgarh (Subproject 5)
43166-132: Advanced Project Preparedness for Poverty Reduction - Support for the Jawaharlal Nehru National Urban Renewal Mission (Phase II) (Subproject 2)
43166-162: Advanced Project Preparedness for Poverty Reduction - Madhya Pradesh Urban Environmental Improvement Project II (Subproject 8)
43166-172: Advanced Project Preparedness for Poverty Reduction - Rajasthan Urban Development Program (Subproject 22)
43166-182: Advanced Project Preparedness for Poverty Reduction - Land Transport Management and Master Plan for Sikkim (Subproject 6)
43166-192: Advanced Project Preparedness for Poverty Reduction - Capacity Building for North Eastern State Roads Sector (Subproject 24)
43166-194: Advanced Project Preparedness for Poverty Reduction - Gujarat Solar Vocational Training and Livelihoods Project (Subproject 14)
43166-195: Advanced Project Preparedness for Poverty Reduction - Rajasthan Solar Park Capacity Development Project (Subproject 13)
43166-196: Advanced Project Preparedness for Poverty Reduction - West Bengal North South Road Corridor Project (formerly Haldia Port Connectivity) (Subproject 18)
43166-197: Advanced Project Preparedness for Poverty Reduction - State Road Projects (Subproject 20)
43166-200: Advanced Project Preparedness for Poverty Reduction - Gender Inclusive Capacity Development for Electricity Distribution Loss Reduction in Rural Madhya Pradesh (Subproject 23)
43166-201: Advanced Project Preparedness for Poverty Reduction- Capacity Building and Institutional Strengthening for the Assam Urban Infrastructure Investment Program (Subproject 15)
43166-202: Advanced Project Preparedness for Poverty Reduction - Capacity Building for Bihar Urban Infrastructure Development Project (Subproject 16)
43166-203: Advanced Project Preparedness for Poverty Reduction - Supporting Clean Village Environments for MDGs (Subproject 17)
43166-205: Advanced Project Preparedness for Poverty Reduction - Preparing the Rajasthan Renewable Energy Transmission Program (Subproject 19)
43166-206: Advanced Project Preparedness for Poverty Reduction - Designing and Capacity Building for Strengthening State Finances and Service Delivery in West Bengal (Subproject 21)
43166-209: Advanced Project Preparedness for Poverty Reduction - Updating Load Forecast and Power System Master Plan for Assam
43166-210: Advanced Project Preparedness for Poverty Reduction - Institutional Strengthening of the Chhattisgarh Public Works Department
43166-212: Advanced Project Preparedness for Poverty Reduction - Preparing the Second Power Sector Investment Project for Assam)
43166-213: Advanced Project Preparedness for Poverty Reduction - Enhancing Capacities of Executing and Implementing Agencies to Achieve Gender Equality Results (Subproject 29)
ADB Loan: 40540-014: South Asia Subregional Economic Cooperation Road Connectivity Project
Description
The proposed project will (i) upgrade about 110 kilometers (km) of Dhaka-Northwest corridor by 4-laning of the Joydebpur-Chandra-Tangail-Hatikamrul Road and (ii) improve 2 land ports at Benapole and Burimari. This trunk road section forms part of a major international road corridor. The project will also strengthen the capacity of the road sector. By increasing road capacity of a major international trade corridor and enhancing land port capacity, the project will not only boost the national eco... READ MORE
CountryBangladesh Project Number40540-014Project Type or Modality of AssistanceLoan Technical Assistance FinancingPublic sector (Sovereign)StatusApprovedApproval NumbersLoan No. 2949 Loan No. 8263 TA No. 8221 Approval Date22 Nov 2012ADB Financing ($ thousand)198,000Sector / Subsector ClassificationTransport and ICT / Road TransportThematic ClassificationCapacity development Economic growth Environmental sustainability Regional cooperation and integration Safeguard CategoriesEnvironment: B Resettlement: A Indigenous People: C
RELATED NEWS
26 Nov 2012 | News
Upgrade of Key Bangladesh Transport Corridor to Spur Regional Trade - ADB
RELATED PROJECTS
40540-012: Priority Roads Project
ADB Loan: 38350-013: South Asia Subregional Economic Cooperation Road Connectivity Project
Nepal is a landlocked country. More than 70% of the area is mountainous terrain. Road transport is central to economic and social development, accounting for almost 90% of the country's passenger and freight movement. Poor road connectivity is a major constraint for Nepal. Its road density is low-14 km per 100 km2 or 0.9 km per 1,000 people. The so-called strategic road network (SRN), with a total length of about 14,490 km of national and feeder roads, is the core of Nepal's roads system. It ca...READ MORE
CountryNepal Project Number38350-013Project Type or Modality of AssistanceLoan Technical Assistance FinancingPublic sector (Sovereign)StatusApprovedApproval NumbersLoan No. 3012 TA No. 8413 Approval Date30 Jul 2013ADB Financing ($ thousand)75,500Sector / Subsector ClassificationTransport and ICT / Road TransportThematic ClassificationCapacity development Economic growth Environmental sustainability Regional cooperation and integration Gender Mainstreaming CategoriesEffective gender mainstreamingSafeguard CategoriesEnvironment: A Resettlement: A Indigenous People: A
RELATED NEWS
31 Jul 2013 | News from Country Offices
ADB to Help Ensure Year-Round Travel on Nepal's Busiest Highway
RELATED PROJECTS
38350-012: Road Connectivity Project (formerly Road Connectivity Sector II)
