Logo of Phnom Penh Post newspaper Phnom Penh Post - ADB signs off on roads loan

ADB signs off on roads loan

ADB signs off on roads loan

The Asian Development Bank approved a US$69 million loan to Cambodia to improve more of its unpaved roads in four provinces on Wednesday.

The loan is for the rehabilitation of about 150 kilometres of roads in Kampong Chhnang, Kampong Spey, Prey Veng and Svay Rieng provinces.

At a signing ceremony with Minister of Economy and Finance Keat Chhon, ADB vice-president Stephen Groff said the money would provide benefits both in terms of the economy and road safety.

“Efficient transport is critical for economic growth.

This initiative will provide safe, cost-effective and year-round access to markets, employment centres and social services for poor and remote communities,” he said.

Up to $52 million of the loan will come from the bank’s special funds, while another $17 million will be set aside from its pilot program for climate change resilience.

Mom Sibun, secretary of state at the Ministry of Public Works and Transport – the agency responsible for implementing the rehabilitation project – said more road improvements will help lower the cost and inconvenience of traveling.

“I think it will help a lot to our people to travel and transport goods,” he said.

“Before, when our roads were unpaved, we faced a lot of difficulties travelling and transporting products to the markets, in particular in the remote provinces.”

The road improvement is one the government’s key policies to help reduce poverty. 

The projects will start in April this year and are expected to be completed by March 2017.

MOST VIEWED

  • Hun Sen to ‘step down’ if he loses Sam Rainsy bet over Kem Sokha

    Hun Sen has promised to step down as prime minister while opposition figure Sam Rainsy pledges to turn himself in as forfeits if the long-term political rivals lose a “bet” over the future of former opposition leader Kem Sokha, who is on bail awaiting trial

  • UAE prince seeks to invest in Cambodia

    The UAE has expressed interest in Cambodian oil and gas exploration. Minister of Mines and Energy Suy Sem said this was the result of his discussions with Sheikh Ahmed bin Dalmook bin Juma al-Maktoum, a member of the royal family who visited him on Wednesday.

  • Smith calls for ‘release’ of Sokha as visit ends

    At a press conference to conclude her 11-day visit to Cambodia, UN Special Rapporteur for Human Rights in Cambodia Rhona Smith on Thursday called for treason charges against former opposition leader Kem Sokha to be dropped and for him to be released from “restricted detention”.

  • PM denies ‘nepotism’ claims

    Prime minister Hun Sen denied on Thursday that nepotism was involved in the recent promotions of the children of senior government officials. He said they had been “trained” and were entirely capable of carrying out their duties while being open to “punishment” like anyone else.