Logo of Phnom Penh Post newspaper Phnom Penh Post - Road project part of ADB loans deal

Road project part of ADB loans deal

Road project part of ADB loans deal

The Asian Development Bank (ADB) and Cambodia’s Ministry of Economy and Finance signed some $99 million in grant and loan agreements for three development projects yesterday.

The loans will partly finance the Rural Roads Improvement Project II, the Technical and Vocational Education and Training (TVET) Sector Development Program, and the Community-Based Disaster Risk Reduction Project.

The six-year, roads-improvement project, which aims to pave 729 kilometres of rural roads in nine provinces, will receive $66 million in financing.

ADB is also providing a $30 million loan for the TVET program expansion, while $2.5 million will be poured into introducing disaster-management planning support for 54 communes in six Cambodian provinces.

“These initiatives will improve the quality of life for poor and vulnerable people … in the country,” said ADB country director Eric Sidgwick.

MOST VIEWED

  • Prince injured, wife dies after accident

    THE wife of former First Prime Minister Prince Norodom Ranariddh, Ouk Phalla, 39, died while the prince was “severely” injured following a road accident in Preah Sihanouk province’s Prey Nub district on Sunday morning, officials said. Rananriddh, who is also the president of the Funcinpec

  • Bun Heang mocks US, threatens its citizens in scathing open letter

    After being hit with sanctions from the US Department of Treasury, Cambodian General Hing Bun Heang said he would retaliate against any US national who does not respect his country’s sovereignty, has ambitions to invade Cambodia or incites “traitors” in the Kingdom to do

  • Police warn boycott FB group involved in the “Clean Fingers Campaign”

    Police said on Tuesday that they will pick up members of a Facebook group involved in the “Clean Fingers Campaign” that promotes a boycott of next month’s national elections. However, police merely planned to “educate” the group for now, but warned that if the

  • Ranariddh 'seriously injured', his wife dies in accident in Preah Sihanouk

    THE wife of former first prime minister Prince Norodom Ranariddh has died. Ouk Phalla succumbed to injuries sustained in a traffic accident on National Road 4 in Preah Sihanouk’s Prey Nub district this morning. She and the prince were immediately rushed to the Preah Sihanouk