Thailand is ramping up infrastructure investments next year in the Eastern Economic Corridor, where all the economic corridors of the Greater Mekong Subregion converge.
Mekong governments need to create an enabling environment for public-private partnerships in infrastructure. Here are 4 ways to get the job done.
HA NOI, VIET NAM (18 December 2017) — The Asian Development Bank’s Board of Directors has approved a $150 million loan to help improve economic connectivity and raise living standards in four of Viet Nam’s northeastern provinces by enhancing basic infrastructure and services.
PHNOM PENH, CAMBODIA (29 September 2017) — The Asian Development Bank’s Board of Directors has approved a $70 million loan to help provide a more efficient, safe, and disaster resilient transport sector in Cambodia, particularly by improving national roads in the provinces of Prey Veng, Siem Reap, and Svay Rieng along the Greater Mekong Subregion Southern Economic Corridor.
HA NOI, VIET NAM (20 September 2017) — Ministers from the six member countries of the Greater Mekong Subregion today endorsed a five-year action plan framework that includes $64 billion in projects to help the subregion achieve inclusive growth and sustainable development.
An ambitious effort is underway to connect the rail systems of Mekong countries so that passengers and freight can move seamlessly across borders.
Economic corridors, like the East-West Corridor running through the Greater Mekong Subregion, are much more than just highways. They link a variety of economic activities and have wide-ranging impacts.
The Myanmar government recently approved a project that will ensure the completion of the Greater Mekong Subregion East-West Economic Corridor, which stretches from Danang, Viet Nam to Yangon, Myanmar.