In December 2008, the Asian Development Bank (ADB) approved a multitranche financing facility (MFF), not exceeding $700 million, for the Central Asia Regional Economic Cooperation (CAREC) Transport Corridor 1 (Zhambyl Oblast Section) (Western Europe–Western People’s Republic of China [PRC] International Transit Corridor) Investment Program. The investment program was expected to rehabilitate o
In 2006, Solomon Islands was still recovering from years of conflict (1999–2003), and confronted with 20% poverty incidence, poor human development, and high unemployment.
Landlocked Lao People’s Democratic Republic (Lao PDR) is poor, mountainous, and sparsely populated. Most of its poor live in rural areas with limited access and connection to the outside world. Improving road access removes the physical and cost impediments to the provision of social services and enhances the ability of the poor to benefit from overall economic growth.
At project appraisal, poor road conditions were adversely affecting the economy of Papua New Guinea’s (PNG) Highlands Region and the country’s export earnings. Travel times on the roads were excessive and routes were difficult, and in many locations, unsafe.
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