HA NOI, VIET NAM (12 December 2018) — The Asian Development Bank has approved a $188 million loan to improve and upgrade 198 kilometers of roads in Viet Nam’s mountainous northwest region, which has the highest poverty rate in the country.
Japan and the five Southeast Asian countries of the Greater Mekong Subregion adopted the Tokyo Strategy 2018 at the 10th Mekong-Japan Summit Meeting in Tokyo on 9 October.
The Lao People’s Democratic Republic will start building a section of National Road 11 that will make it easier to travel to northern Thailand.
Foreign ministers from Japan and five Mekong nations this month identified areas of cooperation under a new strategy and reviewed the progress of joint projects in the East-West Economic Corridor and Southern Economic Corridor.
A comprehensive grievance redress mechanism used a wide range of tools, institutions, and approaches to resolve project complaints and mitigate potential issues.
The Lao People’s Democratic Republic lies at the heart of the Greater Mekong Subregion and its economic corridors . However, the country has yet to maximize benefits from the subregion’s investments in infrastructure and services.
The World Bank approved in June $110 million in additional financing to improve the condition, safety, and climate resilience of a key highway in Cambodia.
BANGKOK, THAILAND (4 July 2018) — The Asian Development Bank and the Government of Thailand today signed a $99.4 million loan agreement to help the country upgrade 125 kilometers of highways and improve road safety management in the country’s northeastern region.