Friday, December 19, 2014

ADB Loans Cambodia US$67 Million for Three Development Projects



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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