Cambodian road network gets 40.8 mln usd in funding for maintenance - ADB

01.22.08

MUMBAI (Thomson Financial) - The Asian Development Bank (ADB) said it will provide 40.8 mln usd along with its development partners to help Cambodia maintain roads managed by the Ministry of Public Works and Transport and improve the capability of the ministry in managing and maintaining its road network.

The bank said ADB will extend a 6 mln usd loan to the Road Asset Management Project. Australia will provide a 4.8 mln usd grant through the Australian Agency for International Development to be managed by ADB, it said.

The International Development Association of the World Bank Group will help fund the project through a 30 mln usd credit line. The Cambodian government will complete project funding by providing 17.55 mln usd, the ADB said.

The project will finance periodic maintenance for about 950 kilometres of roads managed by the Ministry of Public Works and Transport to help fill the gap between road maintenance requirements and available funds, the bank said.

WB, Australia to offer 36 mln dollars for Cambodia to maintain roads

April 23, 2007

The World Bank (WB) and the Australian government will respectively provide 30 million U.S. dollars and six million U.S. dollars in aid for regular road maintenance in Cambodia, local media said on Sunday.

"The Australian government will send experts to help us in road maintenance" at the cost of six million U.S. dollars, Cambodian newspaper the Rasmey Kampuchea Daily quoted Sun Chan Thol, Minister of Public Works and Transportation, as saying.

The World Bank will also provide Cambodia with six million U.S. dollars each year for five years for regular road maintenance, he added.

In 2007, Cambodia will maintain 2,337 km of roads, including national and rural roads, at the cost of about 23.8 million U.S. dollars, said official statistics.

Source: Xinhua