19 December 2014
Cambodia and
Asian Development Bank (ADB) signed loan agreements totaling US$67 million for
three support operations which will further improve the country’s water supply,
tourism, and financial sectors.
The US$34
million loan will be for the Urban Water Supply Project. It will support and
contribute to the government’s goal of 100% piped water coverage in urban areas
by 2025. An US$18 million loan will be used to improve last-mile infrastructure
to improve tourism access and environmental services in secondary towns such as
Kampot, Kep, and Koh Kong. The rest is the US$15 million loan for Subprogram 3
of the Third Financial Sector Program that will support the implementation of
the Financial Sector Development Strategy 2011-2020.
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