Second Greater Mekong Subregion Tourism Infrastructure for Inclusive Growth Project (ADB-49387-001)

Countries
  • Cambodia
  • Laos
  • Myanmar
  • Vietnam
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 21, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Regional
The holder of the loan, grant, or other investment.
Sectors
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 2.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 25, 2019

Disclosed by Bank May 10, 2016


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Project Description

According to bank documents, the project will improve urban-rural transport infrastructure, urban environmental services, and strengthen capacity to implement regional tourism standards in Cambodia, the Lao People’s Democratic Republic (Lao PDR), Myanmar and Viet Nam (CLMV). It will help transform secondary towns in the Greater Mekong Subregion (GMS) Economic Corridors into green, inclusive and competitive international tourism nodes to boost trade in services and deepen market linkages between members of the GMS and Association of Southeast Asian Nations (ASEAN). Regional project preparatory technical assistance (R-PPTA) will update the 10-year GMS tourism sector strategy to validate subregional priorities before preparing investment projects suitable for Asian Development Bank (ADB) financing.

The project impact is sustainable, inclusive, and more balanced tourism development, as envisaged in the ASEAN Tourism Strategic Plan 2016–2025. The outcome is increased tourism competiveness of secondary towns in Cambodia, the Lao PDR, Myanmar and Viet Nam.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Project Officer: Schipani, Steven M.
Southeast Asia Department
No contact information provided at the time of disclosure.

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main