Home / Knowledge / News / ADB helps to improve South Asia's Transport Network
ADB helps to improve South Asia's Transport Network
21
Jan '08
Japan and the Asian Development Bank (ADB) are helping prepare an investment project that will ease the flow of goods, services and people across Bangladesh, Bhutan, India and Nepal to promote economic cooperation and integration among the four member-countries of the South Asia Subregional Economic Cooperation (SASEC).

The Japan Special Fund is extending a $1 million grant to draw up the design for the SASEC Transport Logistics and Trade Facilitation Project. ADB will manage the grant.

The technical assistance consists of three components - a road corridor that passes from Kakarvitta in Nepal, through Panitanki-Fulbari in India to Banglabandha in Bangladesh; a rail link from Akhaura in Bangladesh to Agartala in India; and a modernized cross-border regime at key cross-border points.

"The project will work toward improving cross-border transport infrastructure and the introduction of modern cross-border management to facilitate trade and the movement of people across SASEC countries," said Dong-Soo Pyo, Principal Financial Analysis Specialist of ADB's Southeast Asia Department.

The project was borne out of the fifth SASEC transport working group meeting in 2006, and the fourth SASEC country advisors' meeting in 2007, where SASEC members agreed to develop a regional transport and trade facilitation project to improve intraregional transport.

Across the mainland of South Asia, the original transport infrastructure is already in place but has fallen into disuse and needs upgrading in many areas. Apart from the inconvenience to travelers, these barriers have raised the cost of travel and trade.

The SASEC initiative was launched in 2001 with ADB assistance to support and facilitate regional cooperation initiatives in six priority sectors: energy and power; environment; information and communication technology; tourism; trade, investment and private sector cooperation; and transport. It provides a venue for policy dialogue, information sharing and confidence building among participating countries to enable better economic cooperation.

Asian Development Bank


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X