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In Brief: ADB, SKorea offer loan

In Brief: ADB, SKorea offer loan

THE Asian Development Bank and South Korea have confirmed a combined US$41.9 million in low-interest loans to Cambodia for road and border improvements. In a press release Tuesday, ADB said the money would be used to improve a 113-kilometre stretch of road in Banteay Meanchey and Oddar Meanchey provinces and a Thai border crossing. "The project will [improve] connectivity between Thailand and Cambodia, thereby enhancing subregional transport and trade," said ADB transport specialist Shihiru Date.


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