Nepal Subregional Transport Enhancement Project Receives ADB Award
18 January 2015
The Asian Development Bank (ADB) recognized exemplary project implementation of five best-performing projects on 18 January 2015, naming the Subregional Transport Enhancement Project (STEP), a South Asia Subregional Economic Cooperation (SASEC) project in Nepal, Best in Safeguard Monitoring. Other Nepal-based projects that received awards include the Integrated Urban Development Project for Best Procurement Process, and the Small Towns Water Supply and Sanitation Sector and Community Irrigation Project for Gender Equality and Social Inclusion category.
STEP, approved in October 2010, is co-financed by ADB and the Government of Nepal in a package of loans and grants worth $75.9 million. The project aims to boost economic development in Nepal’s border areas and remote northeastern section by expanding national and subregional transport systems. Project outcomes include upgrading 195 kilometers of road to link the north eastern region and the East West Highway, and modernizing Nepal's Customs systems by supporting the ASYCUDA World upgrade to help Nepal develop an efficient e-Customs service.