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ADB Grant US$ 10 Million for sustainable to tourism in Laos

The Asian Development Bank (ADB) has agreed to a grant of around 100 billion kip (US$10 million) to the Lao for developing sustainable tourism in eight provinces of Laos between 2009 and 2013.

The assistance will go to Siphandone tourism development project in Champassak province, wastewater treatment system construction and improvement project in Vangvieng district, Vientiane province, and the tourism development activities along the north-south economic corridor project (Luang Namtha and Bokeo, northern Laos)

The grant will also help develop community–based ecotourism in Bokeo, Sayaboury, Oudomsay, Houaphanh, Saravane and Vientiane provinces. In addition, the funds will be used to develop human resources in the tourism sector.

The Vice Chairman of the Lao National Tourism Administration, Mr Vang Rattanavong, signed a Memorandum of Understanding (MoU) on Feb 15, in Vientiane with the bank’s Mission Leader, Mr Alfredo Perdiguero.

In the past, ADB has provided loans for Laos in the Mekong Tourism Development Project worth US$10.5 million. The Bank off ered the grant to Laos after successfully completing the fi rst phase of Mekong Tourism Development Project, according to an LNTA press release.

Source: Mlao

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