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United News of Bangladesh . Washington
The World Bank board of executive director’s approved a $107 million credit for the Mizoram State Roads II — Regional Transport Connectivity Project to improve transport connectivity for the landlocked state of Mizoram and to help open up the potential for regional trade among neighbouring countries.
The project will enhance Mizoram and other northeastern states’ road links with Bangladesh, as well as with Nepal, Bhutan and Myanmar, said a World Bank press release on Thursday.
The link to Bangladesh will facilitate greater bilateral trade and access to the Port of Chittagong — the nearest shipping port for the northeastern region of India.
The link to the border with Myanmar will facilitate connectivity to Myanmar and the rest of East Asia and beyond. The impacts on trade and employment will be felt at two levels, intra-state and between Mizoram and neighboring states and countries, namely Bangladesh and Myanmar.
Mizoram’s road network is of poor quality and under developed, and has among the lowest density in all of India. It faces severe constraints in its connectivity with larger markets, the press release said.
According to estimates, annual intra-regional trade in the region can more than double from $16 billion to $38 billion annually, if barriers to trading with neighbors were removed.
According to another estimate, investments in transport infrastructure could reduce trade costs by more than 20 per cent in India, and 12.5 per cent in Bangladesh.
- See more at: http://newagebd.net/21060/107m-wb-project-to-connect-mizoram-with-bd-myanmar/#sthash.Po8LTXTI.dpuf
The World Bank board of executive director’s approved a $107 million credit for the Mizoram State Roads II — Regional Transport Connectivity Project to improve transport connectivity for the landlocked state of Mizoram and to help open up the potential for regional trade among neighbouring countries.
The project will enhance Mizoram and other northeastern states’ road links with Bangladesh, as well as with Nepal, Bhutan and Myanmar, said a World Bank press release on Thursday.
The link to Bangladesh will facilitate greater bilateral trade and access to the Port of Chittagong — the nearest shipping port for the northeastern region of India.
The link to the border with Myanmar will facilitate connectivity to Myanmar and the rest of East Asia and beyond. The impacts on trade and employment will be felt at two levels, intra-state and between Mizoram and neighboring states and countries, namely Bangladesh and Myanmar.
Mizoram’s road network is of poor quality and under developed, and has among the lowest density in all of India. It faces severe constraints in its connectivity with larger markets, the press release said.
According to estimates, annual intra-regional trade in the region can more than double from $16 billion to $38 billion annually, if barriers to trading with neighbors were removed.
According to another estimate, investments in transport infrastructure could reduce trade costs by more than 20 per cent in India, and 12.5 per cent in Bangladesh.
- See more at: http://newagebd.net/21060/107m-wb-project-to-connect-mizoram-with-bd-myanmar/#sthash.Po8LTXTI.dpuf
