SASEC Corridor Connectivity

Facts for Prelims

SASEC Corridor Connectivity

News: Recently, PM Modi laid the foundation stone for multiple road upgrade projects as part of the South Asia Subregional Economic Cooperation (SASEC) Corridor Connectivity.

About:
• The South Asia Subregional Economic Cooperation (SASEC) focuses on enhancing connectivity and economic cooperation among countries in South Asia.
• SASEC Road Connectivity Investment Program (SRCIP): The SRCIP aims to improve road connectivity and efficiency along the international trade corridor.
• It involves expanding approximately 500 kilometers of roads in the North Bengal and Northeastern Region (NB-NER) of India. The project area integrates South and Southeast Asia, bordering Bangladesh, Bhutan, Myanmar, and Nepal.
• The broader SASEC program brings together countries such as Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka. It promotes synergies and linkages between economic corridors across SASEC countries.

About SASEC:
• Established in 2001, it brings together Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka in a project-based partnership.
• SASEC seeks to strengthen multimodal cross-border transport networks that boost intraregional trade and open up trade opportunities with East and Southeast Asia.