WB helps Laos to upgrade rural roads
The World Bank’s Board of Executive Directors is providing US$25 million credit for Laos to strengthen its road maintenance systems and improve road connectivity throughout the country. The credit comes from the International Development Association, according to a report published on the World Bank’s Board of Executive Directors’ website on December 13. The approved Laos Road Sector II Project is part of the country’s national programme to build climate-resilient infrastructure nationwide through a stronger institutional framework for road maintenance. The project will help to strengthen the government’s capacities for sector financing, planning, integration of climate change adaptation into road sector strategies, business processes, standard designs for climate-resilient road asset management, governance and accountability, monitoring and evaluation. We thank the World Bank for the assistance it has extended to help Laos fulfill its National Socio-Economic Development Plan, Minister of Public Works and Transport Dr Bounchan Sinthavong said.
