HA NOI, VIET NAM (25 November 2014) – The Asian Development Bank and the Government of Viet Nam today signed a $50 million loan agreement to upgrade Viet Nam’s tourism infrastructure, boost tourist spending, and create more jobs in the industry for poor and ethnic minority communities.
Developing transport infrastructure in tandem with policies and procedures for crossing borders and promoting trade has been central to efforts to interconnect the Greater Mekong Subregion countries.
Transport lies at the heart of Greater Mekong Subregion cooperation. The development of physical infrastructure, such as roads and bridges, in tandem with policies and procedures for crossing borders and developing trade along key routes, has been central to efforts to forge a truly interconnected subregion.
Physically connecting the countries of the subregion was one of the first initiatives of the GMS program when it was founded in 1992. The countries of the Greater Mekong Subregion have acknowledged that in order to cooperate in trade, tourism, and investment, and to realize the other benefits of the region, they must expand the road links and border crossings that connect them.
This is being done through the development of “economic corridors”, which are geographic areas, often along major highways, where a variety of development projects are undertaken to maximize their development benefits. This might include projects involving infrastructure, laws and regulations, market development, and the improvement of urban centers. Economic corridors bring a wide range of benefits, far beyond what single projects deliver in terms of development impact.
The three main GMS corridors—the East–West, North–South and Southern economic corridors—have improved the lives of millions of people in the Greater Mekong Subregion. These corridors are being enhanced with secondary roads that extend their benefits to nearby communities most in need, and other roads that link to strategic seaports in the subregion. The regulatory details of how people and goods can best move along these corridors are also currently being worked out.
PHNOM PENH, CAMBODIA (25 November 2014) – The Asian Development Bank has approved an $18 million loan to build a marine ferry terminal and other infrastructure in southern Cambodia to open up new opportunities for tourism beyond current popular destinations like the famous temples of Angkor.
Prevention and awareness-raising programs help address increasing HIV/AIDS transmission risks as Myanmar’s borders open and mobility grows with the construction of new roads.
HA NOI, VIET NAM (8 August 2014) – The Greater Mekong Subregion (GMS) needs to ensure that economic corridors yield benefits in terms of trade, investment, and jobs, participants at the 6th GMS Economic Corridors Forum (ECF) heard today.
On 31 January 2014, the Asian Development Bank's Board of Directors agreed to bring the GMS: Rehabilitation of the Railway in Cambodia Project into full compliance with its safeguard policies following a report by ADB’s Compliance Review Panel.
The Eighth Meeting (the Meeting) of the Subregional Transport Forum (the STF) was held in Phnom Penh, Cambodia on 3-4 August 2004. The Meeting was jointly organized by the Ministry of Public Works and Transport (MPWT) of the Royal Government of Cambodia and the Asian Development Bank (ADB).
MANILA, PHILIPPINES (11 December 2013) – A new bridge straddling the Mekong River between Thailand and Lao People’s Democratic Republic is open for business, signaling completion of physical works along one of the Greater Mekong Subregion’s most critical economic corridors.
MANILA, PHILIPPINES (12 February 2013) – The Asian Development Bank and Government of Australia are providing an extra $37 million for a project improving roads and tackling HIV and human trafficking risks along a key coastal route linking Viet Nam and Cambodia.
The Sixteenth Meeting of the Subregional Transport Forum (STF-16) was held in Nay Pyi Taw, Republic of the Union of Myanmar, on 24–25 October 2012. The Forum was jointly organized by the Ministry of Rail Transportation (MORT) of the Republic of the Union of Myanmar and the Asian Development Bank (ADB).