Mekong Subregion Tourism Infrastructure for Inclusive Growth Project (ADB-49387-002)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Cambodia
  • Laos
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
Aug 31, 2018
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.
Sectors
  • Industry and Trade
  • Transport
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 77.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 79.69 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 25, 2019

Disclosed by Bank Mar 14, 2016


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Project Description

According to the bank document, the project will help transform secondary Greater Mekong Sub-Region (GMS) central and southern corridor towns into economically inclusive, competitive tourism destinations by improving transport infrastructure, urban environmental services, and capacity to sustainably manage tourism growth. It will boost trade in services and deepen regional cooperation and integration in the GMS and Association of Southeast Asian Nations (ASEAN). About 97,000 residents are expected to directly benefit from climate-resilient infrastructure development and increased access to economic opportunities. Project investments are prioritized in the ASEAN Tourism Strategic Plan 2015 2025, GMS Tourism Sector Strategy 2016 2025, and national tourism strategies

Investment Description
  • Asian Development Bank (ADB)

Grant 0599-REG: Second Greater Mekong Subregion Tourism Infrastructure for Inclusive Growth Project US$ 47.00 million

Loan 3701-REG: Second Greater Mekong Subregion Tourism Infrastructure for Inclusive Growth Project US$ 30.00 million

Counterpart US$ 2.69 million

 

Contact Information

Responsible ADB Officer Schipani, Steven M.
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Lao Resident Mission

Executing Agencies

Ministry of Economy and Finance
ROSSEILAVA@PFM.GOV.KH
Street 92, Sangkat Wat Phnom
Khan Daun Penh, Phnom Penh City
Cambodia

Ministry of Tourism
Lot 3A, St. 169, Sangkat Vealong, Khan 7 Makara,
Phnom Penh
Cambodia

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