Release date: 22 February 2017
Promoter – Financial Intermediary
MINISTRY OF PUBLIC WORKSLocation
Description
The project will contribute to the improvement of the main rural roads in Laos for the purposes of climate resilience and safety.
Objectives
Rehabilitation of local and district roads, including elevating flood prone road sections, paving road sections with steep slopes and sections passing through large communities, drainage improvement or construction, and slope improvement and stabilization. This is expected to lead to the improvement of climate resilience of the local and district road network in 6 of the 18 provinces of Laos.
Sector(s)
- Transport - Transportation and storage
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 25 million
Total cost (Approximate amount)
EUR 60 million
Environmental aspects
The bank will assess the environmental and social (E&S) aspects of the project during appraisal, including environmental impact assessment process and documentation, to ensure adherence to its E&S standards.
Procurement
The bank will require the promoter to ensure that implementation of the project will be done in accordance with the bank's Guide to Procurement.
Status
Signed - 21/12/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).