Myanmar’s New Road to Prosperity
A new road forming the last remaining segment of the Greater Mekong Subregion’s East-West Economic Corridor is set to bring new energy to fuel the economic transformation of a vibrant corner of Myanmar.
A new road forming the last remaining segment of the Greater Mekong Subregion’s East-West Economic Corridor is set to bring new energy to fuel the economic transformation of a vibrant corner of Myanmar.
An old ADB road stands the test of time in Myanmar, while new road upgrades designed to benefit farming communities in the country’s Ayerwaddy Delta are in the planning stage.
HA NOI, VIET NAM (25 November 2014) – The Asian Development Bank and the Government of Viet Nam today signed a $50 million loan agreement to upgrade Viet Nam’s tourism infrastructure, boost tourist spending, and create more jobs in the industry for poor and ethnic minority communities.
PHNOM PENH, CAMBODIA (25 November 2014) – The Asian Development Bank has approved an $18 million loan to build a marine ferry terminal and other infrastructure in southern Cambodia to open up new opportunities for tourism beyond current popular destinations like the famous temples of Angkor.
Prevention and awareness-raising programs help address increasing HIV/AIDS transmission risks as Myanmar’s borders open and mobility grows with the construction of new roads.
A long stretch of road linking several provinces of Myanmar, the Lao People’s Democratic Republic, Thailand and Viet Nam is home to many impoverished farmers. But things are slowly changing. Thanks to an improved road system, farmers now have an opportunity to distribute their agricultural products over long distances, reaching large, rich markets across the region. Farmers are also adding value to agricultural
(Left to Right) Sok Chenda Sophea, Minister Attached to the Prime Minister, Secretary General Council for Development of Cambodia; Hong Xiao Yong, PRC Ambassador to Viet Nam; Somchith Inthamith, Vice Minister, Ministry of Planning, Lao PDR; Nguyen Chi Dung, Vice Minister, Ministry of Planning and Investment, Viet Nam; Lei Lei Thein, Deputy Minister, Ministry of National Planning and Economic Development, Myanmar; Porametee Vimolsiri, Deputy Secretary General, National Economic and Social Development Board, Thailand; and Bindu Lohani, Vice-President, Knowledge Management and Sustainable Development, ADB. Photo: ADB.
HA NOI, VIET NAM (8 August 2014) – The Greater Mekong Subregion (GMS) needs to ensure that economic corridors yield benefits in terms of trade, investment, and jobs, participants at the 6th GMS Economic Corridors Forum (ECF) heard today.
On 31 January 2014, the Asian Development Bank's Board of Directors agreed to bring the GMS: Rehabilitation of the Railway in Cambodia Project into full compliance with its safeguard policies following a report by ADB’s Compliance Review Panel.
In the spectacular landscape of Yunnan Province in the People’s Republic of China, a railway is proving that ancient cultures, tourism, and economic progress can coexist.
CHIANG RAI, THAILAND (1 December 2016) – A major expansion of economic corridor networks and new areas for economic investment will strengthen links between the capital cities of Mekong countries, and provide unprecedented opportunities for cross-border trade and investment under an agreement reached today by officials attending the 21st Greater Mekong Subregion (GMS) Ministerial Conference.