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Construction : Web Exclusive | February 2014 | Source : Construction Update

Road projects in NE likely to provide trade gateway with SAARC countries

India shares its borders with most of the members of the SAARC (South Asian Association for Regional Cooperation). The road connectivity with the SAARC countries can open a new gateway for trade betweeen India and the SAARC countries. The Asian Development Bank (ADB) is keen to fund road projects in the North-eastern region which can be used to establish transport linkages and increase intra-regional trade in South Asia. It is likely that under South Asia Subregional Economic Cooperation (SASEC) programme, ADB would provide around $323 million and the Government of India contribute around $58 million to complete the projects in about five years. The project entails road construction covering 245 km between Panitanki-Fulbari on the Nepal-India-Bangladesh corridor, Jaigaon-Changrabandhu on the Bhutan-India-Bangladesh corridor, Imphal-Moreh on the India-Myanmar border, and a bridge on Mechi river along the India-Nepal border.
 
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