Regulatory and institutional reforms are needed to make infrastructure more attractive to private investors and generate a pipeline of bankable projects for public–private partnerships. Photo: ADB.
Mekong governments need to create an enabling environment for public-private partnerships in infrastructure. Here are 4 ways to get the job done.
Lao PDR Deputy Minister of Finance Thipphakone Chanthavongsa (seated, right) and ADB Country Director for the Lao PDR (seated, left) Yasushi Negishi signed the additional grant agreement in Vientiane. Deputy Minister of Agriculture and Forestry Phouangparisak Pravongviengkham (standing, second from right) also attended the signing ceremony.
VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (20 November 2017) —The Asian Development Bank and the Government of the Lao People’s Democratic Republic signed an agreement on 13 November for a $10 million grant as additional financing for a project that will enhance sanitary and phytosanitary capacity and improve food safety as well as plant and animal safety in the country.
Cargo trucks pass through the Second Lao–Thai Friendship Bridge over the Mekong river, which connects Savannakhet City with Mukdahan province. The bridge has helped improved the Lao PDR’s access to seaports in neighboring countries. Photo: ADB.
The Lao People’s Democratic Republic is operating its first dry port in Savannakhet province, where it is strategically positioned along the Greater Mekong Subregion East-West Economic Corridor, at the mid-point between the nearest Vietnamese seaport of Danang, and Thai ports in Bangkok and Laem Chabang.
The additional financing will scale up efforts to improve food safety and ensure plant and animal health, as part of an initiative to improve sanitary and phytosanitary capacity in the Lao PDR. Photo: ADB.
VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (4 October 2017) — The Asian Development Bank’s Board of Directors has approved a $10 million grant to the Lao People’s Democratic Republic as additional financing to scale up efforts to improve food safety and ensure plant and animal health, as part of an initiative to improve sanitary and phytosanitary capacity in the country.
Special economic zones have shown to be centers of growth and incubators of good practice. Photo: ADB.
Special economic zones combined with economic corridors are a potent force for prosperity in the Greater Mekong Subregion.
The Governors Forum promotes regular communication among provinces along the borders of the Mekong countries. Photo: ADB.
In Kunming, governors and key local government officials from provinces along the borders of the Greater Mekong Subregion came together on 10 June 2017 to discuss further cooperation.
The group visited a shoe factory at the Bavet Industrial Park. Photo: ADB Cambodia Resident Mission.
Japan’s Ambassador to Cambodia Hidehisa Horinouchi and Asian Development Bank Country Director Samiuela Tukuafu recently joined Cambodia’s Minister Attached to the Prime Minister and Secretary General of the Council for the Development of Cambodia, Sok Chenda Sophea, on a visit to the Bavet Industrial Park near the border with Viet Nam.
The economic corridors of the Greater Mekong Subregion are not just roads or highways, but they encompass a variety of economic activities that run parallel to main transport routes. Photo: ADB.
Sometimes misunderstood as highway projects, the concept of economic corridors can be complex and confusing. Though not simple, they are powerful tools for reducing poverty and increasing economic growth.
The road project is expected to improve travel between Yangon (in photo), Myanmar’s largest city, and Mae Sot in western Thailand. Photo credit: ADB.
The Myanmar government recently approved a project that will ensure the completion of the Greater Mekong Subregion East-West Economic Corridor, which stretches from Danang, Viet Nam to Yangon, Myanmar.
Greater Mekong Subregion Secretariat
Regional Cooperation and Operations Coordination Division,
Southeast Asia Department, Asian Development Bank
Address: 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines
Telephone: +63 2 8632 4444 Fax: +63 2 8636 2226