ADB grants $21.2m for ICT sector of Bangladesh, Bhutan, India, Nepal
Tuesday, 18 December 2007
The Asian Development Bank (ADB) said, it is providing $21.2 million for the development of information and communication technology (ICT) in Bangladesh, Bhutan, India and Nepal to enhance the availability of affordable broadband internet connections, skilled manpower, local content and internet applications, a report from internet said.
The South Asia Sub-regional Economic Cooperation Information Highway Project is estimated to cost $24 million, which will establish a South Asia Sub-regional Economic Cooperation (SASEC) regional network with fibre optic and data interchange capacity, directly connecting the four member countries.
ADB said, it would provide $4.7 million grant to Bhutan, $9.0 million grant to Nepal, and $3.1 million loan to Bangladesh for the project, while the governments of the four member countries of SASEC will finance $7.2 million of the total project cost.
The South Asia Sub-regional Economic Cooperation Information Highway Project is estimated to cost $24 million, which will establish a South Asia Sub-regional Economic Cooperation (SASEC) regional network with fibre optic and data interchange capacity, directly connecting the four member countries.
ADB said, it would provide $4.7 million grant to Bhutan, $9.0 million grant to Nepal, and $3.1 million loan to Bangladesh for the project, while the governments of the four member countries of SASEC will finance $7.2 million of the total project cost.