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Lesson
The risks associated with single-tranche loans can be mitigated through proper management of the loan proceeds and control of the project cost. The ADB loan was featured to have a single tranche disbursement arrangement to address currency mismatch and hedge financial risks arising from foreign borrowing. In the early stage of project implementation, the full amount of the ADB loan ($90.8 million) was disbursed as an advance and exchanged to local currency.

Project Number: 41682-039
Project Name: Greater Mekong Subregion Highway Expansion Phase 2 Project
Report Date:
Lesson
A monitoring and evaluation framework for regional and long-term impacts need to be established and applied to all regional projects related to corridor development. The project, a GMS highway expansion project, had regional impacts through international corridor development. Meanwhile, the project also had development impacts on local people through enhanced access to social and economic opportunities.

Project Number: 41682-039
Project Name: Greater Mekong Subregion Highway Expansion Phase 2 Project
Report Date:
Lesson
The project offers a good implementation management model for similar ADB-financed projects to learn from. This project was completed ahead of schedule with no cost overrun, an exception among ADB-financed road projects in other member countries. The government has strong capacity and experience in managing such highway projects. Compiling experiences and lessons learned from this project and disseminating them to other member countries would enhance the overall efficiency of ADB-financed projects.

Project Number: 41682-039
Project Name: Greater Mekong Subregion Highway Expansion Phase 2 Project
Report Date: