Second Greater Mekong Subregion Corridor Towns Development Project (Loan 8296 - Lao PDR)
Details
Funding
Project Description
The Second Greater Mekong Subregion (GMS) Corridor Towns Development Project (the project) represents the second phase of the ongoing GMS Corridor Towns Development Project in Cambodia, Lao PDR and Viet Nam. It supports the first four strategic thrusts of the GMS Strategic Framework 2012 2022 namely (i) strengthening infrastructure linkages; (ii) facilitating cross-border trade, investment, and tourism; (iii) enhancing private sector participation and competitiveness; and (iv) developing human resources. The focus on corridor town development follows an approach that will maximize the economic benefits of increased trade and traffic flows along the major transport corridors in the GMS with the expected positive impacts resulting from accelerated investments in strategically located towns and cities, and added value on economic growth through development oriented on green growth and climate resilience. The objective is to strengthen competitiveness of the GMS economic corridors through environmental infrastructure.
Progress (as of March 2021)
Ongoing. Topographic surveys and geotechnical investigations have been completed as well as detailed engineering design. All contracts have been awarded with the exception of two new packages (additional roads and drainage for both Luang Namtha and Ecopark Phase 2 in Houayxay. ADB and the government have agreed to extend the project by 18 months to allow full utilization of proceeds and completion of all works. Request for such extension is currently being processed.
Contacts
Contact 1 | |
Contact Name | Thu, Kyaw |
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Organization | Asian Development Bank |
Contact 2 | |
Contact Name | - |
Organization | - |
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