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MANILA, Oct. 9 (Xinhua) -- The Asian Development Bank (ADB) will help finance a transport network improvement project of Lao People's Democratic Republic (Lao PDR),birkenstocks cheap, said ADB in a news release on Tuesday. A 27 million-U.S. dollar grant from the ADB will partially finance the Northern Greater Mekong Subregion (GMS) Transport Network Improvement Project,mac eyeshadow, aimed to foster trade and economic growth in its northern region as well as with the other GMS members. The project is estimated to cost 88.5 million dollars. The balance will be taken up by Australia, the Republic of Korea and the OPEC Fund for International Development (OFID), a multilateral financial facility formed by members of the Organization of Petroleum Exporting Countries, said ADB. The project will improve 367 kilometers of Route 4 from Xiang Ngeun in northern Lao PDR to Nakha,Solid polo shirts, which sits at the border the country shares with Thailand. "The project will increase trade and economic growth in the northern part of Lao PDR and the surrounding region through more efficient transport on the regional and national road networks," said Jeffrey Miller, principal transport specialist for ADB's Southeast Asia Department. Lao PDR is pivotal to the GMS transport corridors linking northern Thailand, northern Vietnam and the southern provinces of China. GMS, known as the Greater Mekong Sub region,mont blanc fountain pens, is composed of countries sharing the Mekong River, namely, Cambodia, China, Lao PDR, Myanmar, Thailand and Vietnam. Geographical isolation is a major cause of poverty in Lao PDR, as large segments of the rural population have little access to markets,cheap birkenstocks, employment opportunities or social services, said the multinational development bank,nike air max 95, adding that upgrading the project road to an all-weather road providing year-round access will enable lower cost transport services and facilitate greater exports from the project area. The improved road will encourage the development of tourism and other service industries in the project area, said the bank.Topics related articles:
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