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After I posted an article about the new flight routes from three countries: Indonesia, Malaysia and Thailand, I'm wondering what is IMT-GT...?
Searching into the internet and found an (old) article from Asian Development Bank website:It's interesting to know that North Sumatra & NAD provinces involved on this project.
I'm sure, in theory, this project should give benefits for these two provinces. The pdf link, consist of the background & rationale, the technical assistance, the President decision, the technical assistance framework and also cost estimation and financing plan.
Source: Asian Development Bank
Searching into the internet and found an (old) article from Asian Development Bank website:It's interesting to know that North Sumatra & NAD provinces involved on this project.
The Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) consists of the two Indonesian provinces of North Sumatra and Daerah Istimewa (DI) Aceh; the four northern Malaysian states of Kedah, Penang, Perak, and Perlis; and five provinces of southern Thailand--Narathiwat, Pattani, Satun, Songkhla, and Yala.
Following the request for assistance from the governments of the three countries in 1993, ADB undertook a study and prepared a development strategy for IMT-GT to promote regional economic cooperation in this growth area. The overall goal is to accelerate private sector-led economic growth and development in the IMT-GT.
The initiatives identified seek to
- promote foreign direct investment and facilitate economic development of the subregions by exploiting underlying economic complementarities and investment opportunities
- enhance international competitiveness for direct investment and export production
- lower transport and transaction costs
- reduce production and distribution costs through economies of scale.
In December 2001, ADB approved the project Strengthening the Subregional Cooperation in the Transport Sector of the EAGA and the IMT-GT Regions [ PDF ] to review the key issues affecting the transport sector, since the countries concerned require such information, and its analysis, to discuss and agree on the necessary collective actions.
I'm sure, in theory, this project should give benefits for these two provinces. The pdf link, consist of the background & rationale, the technical assistance, the President decision, the technical assistance framework and also cost estimation and financing plan.
Source: Asian Development Bank
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