Multilateral Cooperation Center for Development Finance Presentation slide image

Multilateral Cooperation Center for Development Finance Presentation

PUBLIC • SAMPLE AIIB PROJECT IN GMS Lao People's Democratic Republic: National Road 13 Improvement and Maintenance Project Approved Financing: US$40 million PROJECT OBJECTIVE To improve road conditions, safety and climate resilience on critical sections of National Road 13 using an innovative contracting model (OPBRC). The road design will also be strengthened to meet ASEAN standards. PROJECT DESCRIPTION Widening of a 19 km high traffic section close to Vientiane capital city (Sikeut to Songpeuay market) from the existing two-lane to a four-lane road; Improvement/strengthening of a 39-km section of two-lane road (Songpeuay market to Phonhong) with Portland cement concrete pavement. • The project is using an innovative contracting model, an Output- and Performance-based Road Contract (OPBRC) https://www.aiib.org/en/projects/details/2019/approved/Lao-PDR-National-Road-13-Improvement-and-Maintenance-Project.html AIIB 10 10
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