Bangladesh is moving forward with Phase II of the South Asia Subregional Economic Cooperation (SASEC) project, aiming to connect 16 significant towns northwest of Dhaka. This ambitious initiative is a cornerstone of the country’s efforts to develop the South Asia Subregional Economic Corridor, enhancing regional connectivity and economic integration.
The SASEC project is designed to alleviate traffic pressure in Bangladesh, particularly in the densely populated areas surrounding the capital. By improving road networks and transportation infrastructure, the project seeks to reduce congestion, enhance road safety, and facilitate more efficient movement of goods and people.
Boosting the capacity for goods transportation is a critical component of the project. Improved roads and connectivity are expected to streamline supply chains, lower transportation costs, and promote trade both within Bangladesh and with neighboring countries. This development is poised to have a significant positive impact on businesses, investors, and the broader economy.
The advancement of the SASEC project underscores Bangladesh’s commitment to fostering sustainable economic growth and regional cooperation. As the country continues to invest in infrastructure and connectivity, stakeholders across various sectors anticipate increased opportunities for commerce, tourism, and cultural exchange.
Reference(s):
cgtn.com
