Fresh Developments on Highway to Thailand This is in its...

Fresh Developments on Highway to Thailand

This is in its bid to bind it closer to the Association of South East Asian Nations and the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
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Fresh developments

Fresh developments on Highway on Thailand.In the last two years alone, India has assigned more than $4.7 billion in contracts for the development of its border roads, according to government figures.

New Delhi has now proposed to further extend the Myanmar-Thailand link to Cambodia, Laos and Vietnam. This will shorten travel from Mekong River to India using water transport.

This is  in its bid to bind it closer to the Association of South East Asian Nations and the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation

This  included the highway which will run from Moreh in Manipur through Tamu in Myanmar to Mae-Sot in Thailand.

China’s growing importance in the “One Belt One Raad” is expected to involve investments worth more than half a trillion dollars across 62 nations. The intercontinental web of road, rail and trade links has raised concerns among strategic rivals India, Russia, the U.S. and Japan.

Among the biggest showcases of the plan — an economic corridor that runs through the Pakistan-administered part of disputed Kashmir.

But the plan for the India-Myanmar-Thailand highway is not a new one. It’s been on the drawing board since 2001 when it was called the India-Myanmar Friendship Road.

The road link will be funded by the Asian Development Bank under the South Asian Subregional Economic Cooperation program. This  Involves India, Bangladesh, Bhutan, Maldives, Myanmar, Nepal and Sri Lanka.

The program doubled investments on infrastructure to $6 billion since 2011 compared to $3.5 billion in previous decade, said Ronald Antonio Q. Butiong.

He is the Manila-based director at ADB’s Regional Cooperation and Operations Coordination Division.

India has financed the $120 million Sittwe port construction, according to SASEC.

News link: www.bloomberg.com

Image link: www.google.co.in

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