The Asian Development Bank (ADB) is providing a US$69 million loan/grant package to the Cambodian government for the purpose of improving provincial roads. The loan agreement was signed on Feb 21 by ADB Vice-President Stephen P. Groff and the Minister of Economy and Finance Keat Chhon.
Of the US$69 million for Project, US$52 million comes from the ADB’s Special Funds and US$17 million is a grant from the Pilot Program for Climate Resilience (PPCR). The money will be used to rehabilitate about 150 kilometers of unpaved provincial roads in Kampong Chhnang, Kampong Speu, Prey Veng and Svay Rieng provinces, home to a large number of the country’s rural poor.
Furthermore, the projects will also address climate change challenges and growing road safety by providing communitybased road safety awareness programs for staff and agencies engaged in planning, managing and maintaining roads.
To be continued…