With no resolution in sight regarding water-sharing with India, Bangladesh has initiated the Teesta Mega Project, aiming to improve the livelihoods of over 20 million people across five districts. While the project is essential for Bangladesh’s water security, it has triggered geopolitical tensions between China and India. Initially, China expressed keen interest in funding and executing the project. However, the Hasina administration later shifted the project toward India, straining relations with China. Recently, China has renewed its interest in the initiative. If implemented, the project will deepen the Teesta River by 10 meters, ensuring year-round navigation, land reclamation, flood protection, agricultural restoration, and the establishment of river ports. The transformation is expected to significantly uplift the socio-economic conditions of the region.