The second tranche of the multitranche financing facility (MFF) will cover major investments of the MFF, including investments in border-connectivity and border economic zones (BEZ). In line with the framework financing agreement, those investments strongly support Guangxi Zhuang Autonomous Region's (GZAR) Strategy and Action Plan for participation in the Greater Mekong Subregion (GMS) Program, aiming to deepen economic cooperation and integration with ASEAN member countries.

The project will improve transport conditions along Myanmar's East-West Economic Corridor (EWEC) and North-South Economic Corridor (NSEC) by (i) improving about 99 km of GMS highways, (ii) improving the safety of the Yangon-Mandalay expressway, and (iii) preparing detailed designs for other highway projects on the GMS corridors. The highways to be improved under the project are the Bago-Thanlyin highway and the Yangon-Mandalay expressway. The highways to be designed under the project are the Yangon-Pathein highway and a new Bago-Kyaikto highway.