WB ready with $1b funding for Bangladesh, India, Nepal, Bhutan connectivity projects

The World Bank could lend more than $1 billion to implement a number of regional connectivity projects for boosting trade and investment among Bangladesh, India, Nepal and Bhutan.

A transport team of the global lender presented its detailed plan to bankroll the connectivity projects to Finance Minister AMA Muhith at the WB headquarters in Washington in April. 

“By promoting the regional integration, Bangladesh can become the central hub in the region providing connectivity to the neighbouring countries,” said the presentation. 

Besides, a WB team visited several ports, customs points and India-Bangladesh multimodal corridors this year and last year. Following the visits, the team sent an aid memoir to the finance ministry, ministry officials told The Daily Star recently.They added the WB would finance around $1billion in the next two fiscal years and talks were at final stage about two projects involving around $400 million.

The WB usually provides loan at 0.75 percent interest rate.At a shipping secretary-level meeting between Bangladesh and India in New Delhi in April, India informed Bangladesh that the WB would provide one-third of the fund for developing water routes for transit of goods, and India and Bangladesh the rest.

During the just-concluded visit of Indian PM Narendra Modi to Bangladesh, several agreements related to transit have been signed. Under the deals, India can use Chittagong and Mongla ports. Several river routes have been identified for multimodal transport.On Monday, the cabinet approved the draft of Motor Vehicle Agreement among Bangladesh, Bhutan, India and Nepal. Once signed, the deal will allow vehicles to ply designated routes in the four countries.

For the first phase of the Bangladesh Regional Connectivity Project and the Dhaka-Chittagong Inland Waterways Project, the WB has proposed to provide $400 million in the upcoming fiscal year.Of the sum, $120 million will go to the connectivity project to facilitate trade and transport. It will cut border crossing time at selected border points.

Under the project, the infrastructure, warehousing facilities, transshipment and inspection system, customs control procedure, institutional and regulatory framework would be developed to facilitate smooth functioning of the ports.New trade routes between Bangladesh and India are being opened in Mizoram and Tripura.

Under the proposed WB-funded project, five land ports have been identified for modernisation for boosting trade of Bangladesh with India. Under this, new land ports will be established at Tegamukh in Rangamati and Ramgarh in Khagrachhari. The project will also develop land ports in Nepal and Bhutan.One of the components of the project is to further modernise Chittagong Port to increase its capacity.

The modernisation is aimed at smooth clearance of goods at the ports, improving the procedures, infrastructure and systems. Necessary facilities will have to be ensured at the ports so that female traders can participate in cross border trade with ease, according to the aid memoir.Of the first phase loan, $280 million will go to the Dhaka Chittagong Inland Waterways project aimed at increasing efficiency and reliability of land water transport along the Dhaka-Chittagong corridor.

Under the project, the waterways will be made deeper through dredging to ensure easy transport of transit goods as well as local goods through river routes. It will also develop rail links to connect them with regional corridors. The second phase of the WB's proposed Bangladesh Regional Connectivity Project will finance investments at Chittagong Port in 2016-17. It also aims to improve inland waterways along the Bangladesh-India bilateral protocol route and road and inland water transport connectivity to Mizoram of India and two other key trading points.

The WB has designed the India Mizoram Roads II Regional Connectivity project to increase transport connectivity along regional trade corridors in the Indian state.With road transport being the only mode of transport within the state, improvements to the network will reduce freight and passenger transport costs and provide quick and safer access to all parts of Mizoram and to neighbouring states and countries such as Bangladesh and Myanmar.

The WB does not only stand ready to finance the project to make the inter-regional connectivity a reality in order to boost growth and lift millions of people out of poverty. It has also come up with grants. Already, the lender has given a grant of $5 million to study how to improve connectivity-related infrastructures. It will also provide technical assistance on management of ports, land ports, and inland water transport.

On invitation from the WB, two teams from Bangladesh and India toured Sweden, Norway and Switzerland last year to share lessons and best practices in transit framework, trade facilitation and logistic services.

Cross-border connectivity makes commercial sense too, as each hour's delay in border entails an additional cost of $10-15 and a single day's delay in border raises the tariff on goods by 1 percent, according to the WB. 

Shreya Ghoshal enthralls Dhaka audience

Shreya Ghoshal received the warmest of welcomes from her Bangladeshi fans, as she performed live in Dhaka after five long years on Friday. Bay Entertainment arranged the concert, Shreya Ghoshal Live in Dhaka, at Naboratri Hall of Bashundhara International Convention City.

Expectations were high, much like the prices of tickets. And when Shreya came on the stage -- welcoming the audience with an enthusiastic “Kemon Acho Dhaka?”, cheers burst out from all corners of the audience.

Setting off her performance with “Sun Zara Tu”, Shreya kept on singing her Bollywood hits “Jaadu Hain Nasha Hain”, “Bahara”, “Tu Hi Toh Meri Dost Hai”, “Kaise Mujhe Tum Mil Gaye” and “Manwa Lage”, before leaving the stage for another singer Rikesh – who proved to be quite a disappointment.

Shreya returned with “O Akash, O Polash Rashi Rashi” from “Piku”. Then she performed a few more tracks including “Nagada Sang Dhol Baje”, “Chikni Chameli”, “Tere Liye”, “Yeh Ishq Haye” and “Teri Meri” followed by a Bangla song from the film “Autograph”. 

Shreya was interacting with the audience in mostly Bangla and sometimes in Hindi and English. Mentioning that Bangladesh is the place that gave birth to many acclaimed musicians and different forms of music, Shreya presented two Bangla folk songs --“Sagor Kuler Naiya” and “Sadher Lau”. 

The most striking feature of Shreya's performance is the precision in her presentation. Hitting all the right notes every time she puts the microphone to her mouth, it's no surprise that the 32-year-old Bollywood singer wins the heart of audiences wherever she goes.

Her melodious voice and spontaneity spellbound everyone watching the show. Credit also goes to stage and sound crews for the brilliant sound and a very good stage design.

Those who were at Shreya's performance will remember it for a while. The Bangladeshi crowd itself added to the fervor of the evening, with unending rounds of applause, madness, and singing along with the singer: it's what makes listening to music live so special, and it was an evening well spent for all of us, soaked in Shreya's heartfelt melodies. 

3D printer helps separate conjoined twins in China

Chinese surgeons have used 3D printing technology as part of a successful operation to separate conjoined twins.

The 12-week-old sisters were born connected at the hip and lower spine,

and shared one lower bowel, the Xinhua news agency reports.On Tuesday, they underwent five hours of surgery at Fudan University Children's Hospital in Shanghai, a centre which specialises in separating conjoined twins.To prepare for the operation, doctors at the hospital sent data gathered from CT and MRI scans to a 3D printing company, which then built two models of the girls' conjoined body parts, the China Daily website reports.

Surgeons say the resulting replica gave them a better understanding of exactly how to tackle the operation."It helped us to decide on a more precise starting point on the body," says Dr Zheng Shan, who led the team.The twins are now under observation in the hospital's intensive care unit, the CCTV news channel says.They were born on 17 March in China's eastern Jiangxi Province, and it had not been detected beforehand that they were conjoined.

In 2014, surgeons in the United States used a 3D printer to make a model of a two-week-old baby's heart, which was full of holes and had an unusual chamber layout.Doctors said the 3D model acted like a "road map", allowing them to examine the heart's structure ahead of the surgery.