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

  • Serious flooding across country

    The Kampong Speu provincial Committee for Disaster Management on Wednesday issued an alert after non-stop heavy rain caused widespread flooding. In Koh Kong province, authorities are working with the disaster committee and the Cambodian Red Cross to assist those affected after more than 350 homes were

  • CNRP points to King in call for vote boycott

    Leaders of the former Cambodia National Rescue Party (CNRP) have taken a new tack in their call for a boycott of the national elections later this month. They are now claiming that the people should follow the King, who is expected to abide by tradition

  • Actress’s NGO takes heat for promoting the ruling party

    An actress’s NGO which participated in an election campaign event contrary to the Law on Association and Non-Governmental Organisations (Lango) has been slammed. Chorn Chanleakena, a celebrity and the president of the Association of Artists Volunteering to Help Society, allegedly led its members in

  • Troop moves ‘won’t worry people’

    Senior officials at the Ministry of Defence and National Police said on Tuesday that riot training provided to the country’s police forces were aimed at preventing unexpected demonstrations and strikes before and after the July 29 national elections. The troop mobilisation, they said, would not