| Project Detail |
This is the second allocation under "Framework Loan Lao Resilient Roads" to finance works aiming at improving Lao National Road 2 East (NR2E), from the Oudomxay Provincial centre to the Vietnam border, an important east-west corridor in South Asia linking Thailand-Laos-Vietnam (Asian Highway No. 13). With a total length of 295 km, NR2 consists of a West section (NR2W) (145 km) connecting with the Thai border at Huai Kone-Nam Ngeun and an East section (NR2E) (150 km) connecting with the Vietnamese border at Panghok-Tay Trang, Dien Bien Phu Province. In light of this, the Lao National Road 2 helps to achieve Lao PDRs aspiration to become a land-linked country through the development of economic corridors.
Objectives
The aim is to improve the climate resilience and strengthen the maintenance systems of NR2 by ensuring that road rehabilitation is done according to the latest climate resilience guidelines. The project is expected to bring a range of positive benefits to the local communities such as improved travel quality and reliability, increased access to social, educational and health care services, local market development of agricultural and business activities as well as more employment opportunities.
Sector(s)
Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 40 million
Total cost (Approximate amount)
EUR 173 million |
