GMS: Northern Economic Corridor
Details
Project |
34231-013 |
Related Projects |
Search |
Type |
Loan |
Sector |
Transport |
Country |
Lao PDR |
Start |
2002 |
End |
2009 |
Status |
Closed |
Last Edited |
05 Jul 2021 |
Funding
US$('000) 95,790
Confinancing Source: PRC ($30M) and Thailand ($28.5M)
Project Description
The Greater Mekong Subregion: Northern Economic Corridor Project (the Project) aims to improve the road from Houayxay to Boten in the Lao PDR so as to create an international north-south corridor linking Thailand and the People's Republic of China (PRC). The governments of Thailand and the PRC have provided concessional loans to the Lao PDR to finance the Project. The improved road will follow a combination of class II and class III standards, with 7-meter wide paved road and pavements ranging between 1.5 meters and 2.5 meters in width. The Asian Development Bank (ADB) will finance one third of the cost of the Project, covering construction of 74 kilometers in the middle section.
The Project also includes a resettlement plan, a social action plan, and an environment management plan so as to meet ADB's safeguard policies for the entire project road.
Progress
(as of March 2021)
Project closed
News and Multimedia
Trade volume increased more than 70% after the road improvement and further increased by 12% after the Friendship Bridge completion.
Source: http://www.adb.org/results/ancient-trade-route-delivers-new-opportunities-greater-mekong-subregion
The 4th Thai-Lao Friendship Bridge, as part of the Northern Economic Corridor, spanning the Mekong River was opened in 2013.
Source: http://www.adb.org/results/ancient-trade-route-delivers-new-opportunities-greater-mekong-subregion
Vehicles carrying goods from PRC to Thailand via Lao PDR benefiting the reduced travel time by 3 days from 5 days since 2006.
Source: Jordanna Queddeng/ ADB Consultant
International tourists attracted to travel along the project area and spending a few days for trekking, resulting to number of guest houses and restaurants have opened.
Source: Jordanna Queddeng/ ADB Consultant
International tourists attracted to travel along the project area and spending a few days for trekking, resulting to number of guest houses and restaurants have opened.
Source: Jordanna Queddeng/ ADB Consultant
The ADB-supported Route 3 Highway in the Lao PDR stretches from Boten, countryâs northern border with the PRC, to Houayxay in the south.
Source: http://www.adb.org/results/ancient-trade-route-delivers-new-opportunities-greater-mekong-subregion
- https://www.adb.org/results/tea-and-prosperity-along-ancient-trade-route
- https://www.adb.org/results/new-highway-revives-old-tea-horse-road
- https://www.adb.org/news/infographics/driving-development-along-ancient-mekong-trade-route
- https://www.adb.org/news/videos/paving-way-tourism-lao-pdr
- https://www.adb.org/results/ancient-trade-route-delivers-new-opportunities-greater-mekong-subregion
- https://www.adb.org/news/videos/increasing-cross-border-trade-opens-opportunities-thailand-province