Saturday 25 May 2019 ,
Saturday 25 May 2019 ,
Latest News
  • Coaching centre fire kills 20 students in India's Gujarat
  • May tears up as she resigns as UK Prime Minister
  • India says Hasina’s call to Modi ‘reflection of close ties’
  • Modi plots course after landslide Indian election win
  • Strategic support necessary to deal with Rohingya crisis: UNHCR
  • Unresolved issues to be settled during Modi’s new tenure: Quader
12 July, 2018 00:00 00 AM
Print

ADB to give $200m for Southwest Economic Corridor

BSS

Asian Development Bank (ADB) has decided to invest $200 million initially as part of its cooperation for the development of Southwest Economic Corridor, reports BSS.

This amount will be spent for fuel transportation and trade facilitation purposes.

The decision was taken at a meeting between executive director of Bangladesh Investment Development Authority (BIDA) Kazi Aminul Islam and representatives of ADB, said a handout yesterday.

According to BIDA, it has planned to develop Payra Port-Benapole-Dhaka and Dhaka-Sylhet Corridors which will connect Bangladesh, India, Myanmar and China. Along with it, some short, medium and long term projects will be taken.

ADB will individually and jointly implement national and regional projects which are the part of the corridor project.

These projects will help develop planned industrialisation, infrastructure, connectivity and other facilities, it said.

“These facilities will help Bangladesh connect with global value chain,” said the handout. Dongxiang Li, ADB’s lead regional cooperation specialist of Regional Cooperation and Operations Coordination Division (SARC) and Soon Chan Hong, economist, Bangladesh Resident Mission attended the meeting.

 

Comments

Poll
Today's Question »
State minister for power Nasrul Hamid yesterday said everyone to have access to electricity by June. Do you think the feat achievable by the timeframe?
 Yes
 No
 No Comment
Yes 50.5%
No 45.6%
No Comment 4.0%
Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
01020304
05060708091011
12131415161718
19202122232425
262728293031

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting