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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.
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