The Asian Development Bank (ADB) has approved a USD332 million loan to support urban infrastructure development as well as expand the current road network in Cambodia. The Ministry of Economy and Finance has signed the loan and grant agreements with ADB which includes USD180 million for Liveable Cities Investment Project and USD82 million for Road Network Improvement Project Phase II, among other projects.
The Liveable Cities Investment Project includes rehabilitation works on the existing wastewater and solid waste management network in the cities of Bavet, Kampot, and Poipet. This project is expected to benefit around 140,000 residents across the three cities. The second phase of the Road Network Improvement Project will renovate approximately 48 km of national and provincial roads in Prey Veng and Kandal. This project is expected to boost economic development around the GMS Southern Economic Corridor.
