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

  • Angkor Wat named as the top landmark for the second year

    Travel website TripAdvisor has named Cambodia’s ancient wonder Angkor Wat as the top landmark in the world for the second year running in their Travelers’ Choice Award 2018, an achievement Cambodian tourism operators expect will attract more tourists to the Kingdom. The website uses traveller

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Ministry’s plan for net sparks fears

    The government has ordered all domestic and international internet traffic in the Kingdom to pass through a Data Management Centre (DMC) that has been newly created by the state-owned Telecom Cambodia, in a move some have claimed is an attempt to censor government critics. Spokesman

  • Hun Sen detractors ‘will die’

    Prime Minister Hun Sen on Wednesday said those who curse or insult him would eventually die without a plot of land to bury their bodies after being killed by lightning, suffering the same fate as those who recently died in Thmar Baing district in Koh