UK keen to Invest in Padma Bridge Rail Link, Payra port, Aug 05,’16

As a part of its investment in Bangladesh, the United Kingdom (UK) has shown keen interest to invest in Padma Bridge rail link and Payra port. The rail link will stretch from Padma bridge to Kuakata. Further, UK will also withdraw Dhaka-London direct cargo ban soon.

India plans to set up SEZ in Rakhine State, Aug 04,’16

India plans to set up a Special Economic Zone in Sittwe, Rakhine State, where it has already built a port. The proposed SEZ by India will rival the Chinese SEZ located 80 km down of strategically located Sittwe as Delhi plans to make it an economic hub. The aim of the SEZ is to help expand India’s footprints in South East Asia amid China’s plans for massive road and port connectivity projects in the region as part of its One Belt One Road initiative.

Pakistans Economic Corridor Project Planned, July 07,’17

A budget worth nearly US$473 million will be used for work on the China Pakistan Economic Corridor. This will form a key portion of Pakistan’s Public Sector Development Programme for the 2016/2017 period. The Burhan-Hakla section is expected to require two years to construct and will be 285km long. This stretch will run through Rehmani Khel, Rokhri, Mianwali, Sawan and Pindi Gheb. The DI Khan section stretch of the highway should be complete by mid-2018, while the stretch from Gwadar to Surab should be ready for traffic by the end of this year.

Preps Completed for Tunnel Construction at Bheri-Babai, July 05,’16

According to Bheri-Babai Multipurpose Diversion Project Official, preparations for the construction of the project have been moving faster in recent days and preliminary work to start digging a tunnel has been completed.

The multipurpose project will divert 40 cubic metres of water per second from the Bheri River to the Babai River to irrigate 60,000 hectares of farm land in Banke and Bardia districts and generate 48 MW of energy. The total cost of the project is around Rs16 billion.

AFKO Group could Reopen Kankesanthurai Cement Plant in Sri Lanka, June 03,’16

According to Sri Lanka Industry and Commerce Ministry, South Korean conglomerate AFKO Group GMEX has expressed interest in reopening the Kankesanthurai cement plant located in the Northern Province of Sri Lanka. AFKO intends to start a feasibility study shortly. Ssangyong C&T is the favoured engineering company to start construction at the site.