ADB to support 118 mln USD rural road project in Cambodia

12 August 2014

The Asian Development Bank (ADB) will provide nine poor rural provinces in Cambodia with year-round access to markets and social services through a 118 million U.S. dollars project to provide a safer.

The 118 million U.S. dollars financing package includes a loan of 54 million U.S. dollars from ADB, a loan of 41 million U.S. dollars from the South Korean government, a grant of 6.6 million U. S. dollars from the Australian government, and grant co-financing of 5.4 million U.S. dollars from the Nordic Development Fund. The Cambodian government will finance the remaining 11 million U.S. dollars cost of the project.

The project will upgrade these mostly gravel roads to paved condition in nine provinces Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Pursat, Siem Reap and Takeo.

Source:

http://thecambodiaherald.com/cambodia/detail/1?page=11&token=NTIxNGQ0MTRiZDE