The Japanese Government is planning to help improve transportconnectivity in South and Southeast Asia by renovating existing roadsand building new ones.
The infrastructure support plan,aimed at strengthening economic ties within the regions, has been rolledout in the context that China has launched projects to link southernChina with South Asia by road and rail.
The JapanInternational Cooperation Agency will be responsible for drawing up thefinancial and construction plans. It will invite officials fromBangladesh, Bhutan, India, Myanmar, Nepal and Thailand to New Delhi inmid-January to brief them on site surveys.
Japan expects toconfirm a plan with India to proceed with road-building projects inJanuary when Prime Minister Shinzo Abe visits the country.
The Japanese projects are expected to improve road connectivity betweenBangladesh, India, Myanmar and Thailand while giving Bhutan and Nepalbetter access to coastal areas.
Aging road infrastructureand limits in its capacity and efficiency have become trade barriersbetween the countries. The economies of Bangladesh, India and Myanmar,for instance, would benefit from new roads in areas where land transportinfrastructure is underdeveloped or inefficient.
Meanwhile,Japanese companies in the regions are also likely to profit from betterconnectivity because it would improve their supply chains.-VNA
The infrastructure support plan,aimed at strengthening economic ties within the regions, has been rolledout in the context that China has launched projects to link southernChina with South Asia by road and rail.
The JapanInternational Cooperation Agency will be responsible for drawing up thefinancial and construction plans. It will invite officials fromBangladesh, Bhutan, India, Myanmar, Nepal and Thailand to New Delhi inmid-January to brief them on site surveys.
Japan expects toconfirm a plan with India to proceed with road-building projects inJanuary when Prime Minister Shinzo Abe visits the country.
The Japanese projects are expected to improve road connectivity betweenBangladesh, India, Myanmar and Thailand while giving Bhutan and Nepalbetter access to coastal areas.
Aging road infrastructureand limits in its capacity and efficiency have become trade barriersbetween the countries. The economies of Bangladesh, India and Myanmar,for instance, would benefit from new roads in areas where land transportinfrastructure is underdeveloped or inefficient.
Meanwhile,Japanese companies in the regions are also likely to profit from betterconnectivity because it would improve their supply chains.-VNA
