The Asian Development Bank (ADB) approved the multitranche financing facility (MFF) in an aggregate amount not exceeding $500 million for the North-South Road Corridor Investment Program (the investment program) on 29 September 2009. The investment program will contribute to economic development and regional trade. Its outcome will be a more efficient, safe, and sustainable transport network. Expected outputs are: (i) 550-km of improved road sections in the corridor, (ii) modernized border and customs infrastructure and related facilities, and (iii) more efficient and effective road corridor management.
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