World Bank Supports Upgrade of Cambodia’s National Road 4
The World Bank approved in June $110 million in additional financing to improve the condition, safety, and climate resilience of a key highway in Cambodia.
The World Bank approved in June $110 million in additional financing to improve the condition, safety, and climate resilience of a key highway in Cambodia.
BANGKOK, THAILAND (4 July 2018) — The Asian Development Bank and the Government of Thailand today signed a $99.4 million loan agreement to help the country upgrade 125 kilometers of highways and improve road safety management in the country’s northeastern region.
High upfront costs and lack of incentives impede fuel efficiency initiatives in road freight in the Greater Mekong Subregion.
Top officials at the opening ceremony included Viet Nam Deputy Prime Minister Trinh Dinh Dung, Australian Foreign Minister Julie Bishop, Secretary of Dong Thap Provincial Party Committee Le Minh Hoan, Viet Nam Transport Minister Nguyen Van The, and Country Director Eric Sidgwick of the Asian Development Bank (ADB) in Viet Nam. Photo: ADB Viet Nam Resident Mission.
Viet Nam officially opened the 2.4-kilometer Cao Lanh Friendship Bridge and connecting roads in Dong Thap province on 27 May. Crossing the Tien branch of the Mekong River, the bridge is expected to reduce travel time for some 170,000 road users daily.
For 25 years, six countries in the Greater Mekong Subregion have been promoting regional economic development. Upgrading cross-border transport networks is a key area of investment.
The Lao People’s Democratic Republic (Lao PDR) began project preparations for a highway that extends from its capital Vientiane to Pakse city in the southern province of Champasak. The project is part of a highway that will connect Vientiane with Viet Nam’s capital Hanoi.
This introduces the green freight approach, which helps improve fuel efficiency and reduce carbon emissions of the transport sector.
This review recommends possible extension and/or realignment of economic corridors to enhance their effectiveness and efficiency in advancing economic integration in the Greater Mekong Subregion.
Myanmar is upgrading the railway linking its two largest cities with assistance from the Government of Japan.
The Lao People’s Democratic Republic (Lao PDR) and Thailand are planning to build another bridge across the Mekong River.