The Cambodian Government is benefiting from several financial packages aimed at improving the country’s road network. The Asian Development Bank (ADB) is providing a financial support package worth a total of US$118 million that will be used for the Rural Roads Improvement Project II in the country. The package comprises funds from several sources, with a grant worth $5.4 million from the Nordic Development Fund (NDF) and another grant worth $6.67 million from the Australian Government of Australia. It incl
August 15, 2014
Read time: 1 min
The Cambodian Government is benefiting from several financial packages aimed at improving the country’s road network. The 943 Asian Development Bank (ADB) is providing a financial support package worth a total of US$118 million that will be used for the Rural Roads Improvement Project II in the country. The package comprises funds from several sources, with a grant worth $5.4 million from the Nordic Development Fund (NDF) and another grant worth $6.67 million from the Australian Government of Australia. It includes a $41 million loan from the South Korean Government and a $54 million loan from the ADB. The project includes work to improve road safety, upgrading 729km of roads and various road maintenance tasks. In all nine rural provinces, namely Takeo, Pursat, Kampong Thom, Kampong Speu, Kampong Chhnang, Kampong Cham, Battambang, Siem Reap and Battambang, will benefit from the plan.
