The Asian Development Bank has identified $525 million worth of projects in Cambodia that it plans to finance in the next three years.
The projects were outlined in the Country Operations Business Plan for 2013-2015, which was unveiled Dec. 18 by the regional development bank. Of the total funding allocated for the three-year pipeline, $491 million is set to be disbursed as concessional project loans while $34.78 million will be provided as technical assistance grants. ADB also expects to mobilize up to $260.3 million from other sources.
The pipeline includes 19 projects: 14 national and 5 regional. These will be in areas ADB has identified as priorities in its country partnership strategy with Cambodia, which include transportation, water supply, sanitation, urban development, agriculture, natural resources and finance.
Among the largest projects included in the pipeline are the Climate Resilient Rice Commercialization Sector Development Project, which ADB plans to fund with a $55 million loan in 2013, and the second phase of a rural road improvement initiative, which could receive a $50 million loan.
Planned regional projects, meanwhile, include a tourism infrastructure development project in the Greater Mekong Region ($40 million loan in 2013) and an economic coordinator project set to receive a $45 million loan in 2014.
Find ADB projects & tenders in Cambodia. Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.
About the author
Ivy Mungcal
As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.
