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$42m for railway

The Asian Development Bank granted a US$42 million loan to the Cambodian government

for restoration of its railways on March 5. It will be spent on upgrading the Cambodian

section of the Trans-Asian Railway (TAR) network and restoring the Sihanoukville

line. The TAR section stretches from Phnom Penh to the Thai border at Poipet, and

will contribute to connecting China and all Asean Members by 2015. The entire restoration

cost will be US$73 million, with US$13 million coming from OPEC, US$2.8 million from

Malaysia, and US$15.2 million from the government.

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