The Cambodian government and the Asian Development Bank (ADB) signed a cooperation financing agreement worth $180 million on Tuesday on Tonle Sap poverty reduction and a small holder development project, a road network improving project and a provincial water supply and sanitation project.
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The agreement was signed by Minister of Economy and Finance Aun Pornmoniroth with Samiuela Tukuafu, the Country Director of ADB’s Cambodia Resident Mission on Tuesday.
The road network project will absorb about $76.94 million for rehabilitation on national roads number 1 and number 6 which cover about 147 kilometres. The aim is to contribute to fulfilling the transportation development policy and boost the efficiency of logistics and support sustainable economic growth in the long term.
The provincial water supply and sanitation project will be given to about $119 million, of which the Japanese government granted about $10 million to enhance the water supply services and sanitation to people in urban areas and cities in Battambang, Kampong Cham, Sihanoukville and Siem Reap. This is part of the national strategy on the water supply and rural sanitation sector for 2014-2025.
The last project is on Tonle Sap poverty reduction and the smallholder development project, which with additional financing will cost about $66 million for restoring the socio-economic conditions and livelihoods of about 650,000 smallholder farmers in 271 communes of seven provinces surrounding the Tonle Sap Lake.
Full story in Wednesday’s paper.