Logo of Phnom Penh Post newspaper Phnom Penh Post - ADB shell out another $20m

ADB shell out another $20m

ADB shell out another $20m

T HE Asian Development Bank (ADB) has approved a $20 million loan for Cambodia to

provide training for infrastructure development and health services for the

country's poor.

"The project will help develop basic skills training

needed for physical infrastructure development for its growing service industry

and for the delivery of basic health services in Cambodia," the ADB said in a

statement.

"Disadvantaged and displaced people will be equipped with

basic-income skills, and planning and management capacities in technical and

health training will be established," it added.

The project will be

implemented by Cambodia's Ministry of Education, Youth and Sports and the

Ministry of Health.

The interest-free loan will come from the bank's

concessional Asian Development Fund. It can be repaid over 40 years, including a

grace period of ten years and carries an annual service charge of one percent

per annum. - Reuters

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