ADB to finance construction of Indo-Myanmar road

Image
Press Trust of India Silchar (Assam)
Last Updated : May 02 2013 | 4:35 PM IST
Asian Development Bank would finance the construction of the 417-km long Indo-Myanmar Road connecting Moore in Myanmar with Sutarkandi in Karimganj bordering Bangladesh.
The first phase of the road, to be laid under ADB's 'Proposed Road Consulting Mission', would be from Moore in Myanmar to Imphal in Manipur while the second phase would be from Imphal to Sutarkandi via Silchar, official sources said here today.
A high level delegation of ADB's Loan Consultation Mission and a team from the Union Surface Transport Ministry recently visited the proposed area and would soon submit a field study report to the Centre.
The final budget and other issues would be decided at a meeting between the Union Surface Ministry and ADB to be held in Delhi later.
The construction of the proposed road would lead to increased commercial ties between the two countries, sources added.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 02 2013 | 4:35 PM IST

Next Story