Third Greater Mekong Subregion Corridor Towns Development Project (TA)

Details

Project	48175-001
Related Projects	Search
Type	TA
Sector	Water and Other Urban Infrastructure and Services
Country	Myanmar
Start	2014
End	2018
Status	Closed
Last Edited	05 Jul 2021

Funding

US$('000) 1,350

Confinancing Source: Water Financing Partnership Facility - Multi Donor (US$350K), Regional Cooperation and Integration Fund (US$500K)

Project Description

The objective of the Project is to strengthen competitiveness of the GMS economic corridors through investing in urban infrastructure in corridor towns. Local economic development in corridor towns will contribute to broader regional economy through increased traffic and trade along the GMS economic corridors. The proposed project will be the third phase of the GMS corridor towns development initiative. The first phase is being implemented in ten towns while the second phase is under preparation in seven towns in Cambodia, Lao PDR, and Viet Nam. As Myanmar could not be included in the second phase, it was agreed that the third phase will focus only on Myanmar.

Progress (as of March 2021)

Project closed

Contacts

Contact 1
Contact Name	Honda, Eri
Organization	Asian Development Bank
Email	ehonda@adb.org
Contact 2
Contact Name	-
Organization	-
Email	-

News and Multimedia

Myanmar, ADB sign agreement to develop GMS corridor towns.
Source: ADB Website

Myanmar attracts tourists because of its friendly people, rich culture and competitive prices. In 2012 the country hosted around one million foreign visitors. If Myanmar maintains political stability and high levels of growth, international visitor arrivals are forecast to rise as high as 5.14 million in 2020, with corresponding tourism receipts worth $6.9 billion.
Source: ADB Flickr

The project-s main focus is to upgrade facilities to improve urban environmental conditions in the project cities, to keep up with urban development and to reduce the impacts of natural disasters and climate change. Improved urban infrastructure and services will also increase economic opportunities for people living in the project areas, leading to poverty reduction.