As part of ADB’s support for regional economic integration, transport has a critical role to play in enabling growth in trade. ADB has already provided substantial lending for constructing regional road infrastructure and has a large pipeline of planned lending operations. ADB support for transport and trade facilitation led to significant savings in vehicle operating costs and travel time, and reduced border-crossing times; and also to expansion of economic activities, with new industries and special industrial zones developing along the regional road corridors.
ADB’s regional transport operations will need to incorporate improved approaches to assisting developing member countries with transport facilitation. This includes simplifying formalities, processes, and procedures; harmonizing national procedures, operations, and documents with international conventions, standards, and practices; and standardizing in accordance with internationally agreed formats for practices, procedures, documents, and information.