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

MOST VIEWED

  • Hun Sen’s China visit ‘a good opportunity’

    Prime Minister Hun Sen’s visit to Beijing on Sunday to discuss economic and trade issues presents a good opportunity for the Kingdom to strengthen Chinese ties and counter punitive measures by the West, an analyst says. The prime minister’s four-day official visit to

  • Former chief bodyguard receives royal pardon

    The former chief bodyguard of late Senate president Chea Sim has received a royal pardon nearly eight years after he was sentenced to 15 years behind bars on several charges, according to a royal decree dated November 12, last year, and obtained by The Post on Wednesday.

  • Close to the edge: Hair raising pictures from Kulen Mountain

    A new hair raising attraction on Kulen Mountain has finally opened to the public, with people flocking to the protruding cliff edge overlooking green mountainous forests to take photographs. The giant overhanging rock is situated in an area known as Mahendraparvata – an ancient city of

  • US warned not to interfere despite successful meeting

    A senior Ministry of National Defence official said the Tuesday meeting between the US Deputy Assistant Secretary of Defence for South and Southeast Asia Joseph H Felter and General Neang Phat had helped strengthen relations between the two countries’ militaries. However, a senior Cambodian People’