AIZAWL, May 24 – Giving impetus to the Look East Policy (LEP), a World Bank (WB) led team arrived here on Tuesday. During their trip the team visited the Champhai-Zokhawthar border area and other international trade points in Mizoram. The WB is strongly pushing for a free trade regime in the region and committed to providing technical and financial support for these projects.
Official sources said, the WB team is being led by Senior Operations Officer, World Bank South Asia Region, Diep Nguyen-Van Houtte assisted by WB consultants and officials, Charles Kunaka, Michele Jamowiecki and Gerad Mclinden.
The visit is mainly linked to providing funding for the Mizoram State Roads Project Phase 2 under its Roads Infrastructure Development Programme which has been approved by the Government of India under the externally aided projects component in the budget.
The total cost of the project outlined by the State Public Works Department covering the whole State is estimated at Rs 2,000 crores. It includes trade infrastructure including roads linking all existing border trade points with Myanmar and Bangladesh.
Commissioner (Preventive) of North Eastern Region, G Panmei was scheduled to meet the WB officials.
Lack of banking and logistical infrastructure as well as lack of co-ordination with the neighbouring country has stunted the growth of the various Land Customs Stations and border trade outposts in the State.