Logo of Phnom Penh Post newspaper Phnom Penh Post - $100M ADB fisheries project slated for coast

$100M ADB fisheries project slated for coast

Content image - Phnom Penh Post
Local tourists are buying crab at the Kep Crab Market. Hong Menea

$100M ADB fisheries project slated for coast

The Asian Development Bank (ADB) will disburse $100 million loans and grants to implement the Coastal and Sustainable Fisheries project for economic development in Koh Kong, Preah Sihanouk, Kampot and Kep provinces.

According to the details of a meeting between Kep Provincial Administration and ADB, the funding consist of ADB’s budget of $50 million and concessional loans and grants of $10 million, Agence Francaise de Developpement ($30 million) and ASEAN Infrastructure Fund ($10 million).

Kep deputy governor Vao Sokha said the funding will aid the development of two boat berths to facilitate the docking of fishermen and tourist boats.

“Once the project is in place, the authorities will try to engage partners to maintain the existing buildings, keep the environment clean and provide the best possible water and electricity supply to those areas,” he said.

ADB said the project, to be approved this year, is aimed at enhancing adaptation and mitigation based on coastal and marine ecosystems in the fisheries sector and improving infrastructure for climate-resilient post-harvest fisheries.

“The project involves building quality fishing ports to improve marine activities for the community as well as waste management in the sea. It will ensure the sustainability of natural resources for the next generation,” said Sokha.

Previously, Lindsay Saunders, ADB working group head, said the project would help Cambodia manage the marine ecosystem, improve coastal infrastructures and establish funding to support the private sector in coastal areas.


  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro

  • Nestle’s debut may spur dairy market

    Leading confectionery manufacturer Nestle plans to invest in Cambodia by setting up an operation in the near future, a move majorly hailed by local dairy farmers as a means of boosting the fresh milk market in the Kingdom. During a visit by a delegation led

  • ACLEDA, WU to enable global money transfers

    Cambodia's largest commercial bank by total assets ACLEDA Bank Plc and global money transfer firm Western Union (WU) have partnered to offer customers cross-border money transfers to 200 countries via “ACLEDA mobile” app. In Channy, president and group managing director of ACLEDA, said the June 22 agreement