Underdeveloped infrastructure and poor domestic and international connectivity prevented Indonesia from achieving its growth potential. Furthermore, the pace of economic growth and job creation was insufficient to reverse the declining poverty reduction rate and widening rural-urban disparity as well as close the socioeconomic gap between the western and eastern regions.
The interior regions of the People’s Republic of China (PRC) have not benefited as much from economic growth and reforms as the east coast. In fact, the gap in economic and social development had been increasing in the years leading to the project appraisal in 2005. Inadequate transport infrastructure and high logistics costs were among the key constraints.
Armenia is a landlocked country in the mountainous region of Caucasus between Asia and Europe. Following the recession triggered by the 2009 global financial crisis, its gross domestic product (GDP) contracted by 14.1%, the economy grew at an average 4.7% from 2010 to 2012 before declining to an average of 3.3% from 2013 to 2015.
The project line is a section of the Eastern Economic Corridor of the Greater Mekong Subregion (GMS) Economic Cooperation Program. It opened in the early 1900s and runs for about 285 kilometers (km) northwest from Hanoi to Lao Cai City on the border with Yunnan province in the People’s Republic of China (PRC).
Thanh Hoa City is the capital and only major urban center of Viet Nam’s third largest but second poorest and second most populous province of Thanh Hoa. With a population of 200,000 in 2008, rising by 1.9% per year, it was one of the 11 class II secondary cities targeted by government for development to limit migration to Hanoi and Ho Chi Minh City.
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