March 28, 2008
The Asian Development Bank has promised the budget for a variety of development projects in three Greater Mekong Sub-region (GMS) countries for 2008 and 2009, an ADB official said here Friday.
There is no lending project from ADB under the GMS program for Cambodia in 2008, but there are two projects tentatively planned for 2009, namely the Flood and Drought Risk Management and Mitigation project worth 20 million U.S. dollars, and the Cambodia Northwest Road Improvement Project also worth 20 million U.S. dollars, said Chamroen Ouch, senior program officer for governance unit of the ADB Cambodia Resident Mission.
There are three non-lending projects for Cambodia, Laos and Vietnam in 2008, namely the Flood and Drought Risk Management and Mitigation worth two million U.S. dollars, the Project to Support Implementation of the Core Agriculture Program worth 2.5 million U.S. dollars, and the Mekong Water Supply and Sanitation Project worth 0.4 million U.S. dollars, he added.
Country leaders from Cambodia, China, Vietnam, Laos, Myanmar and Thailand are slated to attend the third GMS Summit in Laos on March 30-31.
ADB defined an area of 811,000 square km along the Mekong Riveras GMS. The bank is also responsible to coordinate the development issues of the six countries related to the river through various GMS meetings.
Souce:Xinhua
The Asian Development Bank has promised the budget for a variety of development projects in three Greater Mekong Sub-region (GMS) countries for 2008 and 2009, an ADB official said here Friday.
There is no lending project from ADB under the GMS program for Cambodia in 2008, but there are two projects tentatively planned for 2009, namely the Flood and Drought Risk Management and Mitigation project worth 20 million U.S. dollars, and the Cambodia Northwest Road Improvement Project also worth 20 million U.S. dollars, said Chamroen Ouch, senior program officer for governance unit of the ADB Cambodia Resident Mission.
There are three non-lending projects for Cambodia, Laos and Vietnam in 2008, namely the Flood and Drought Risk Management and Mitigation worth two million U.S. dollars, the Project to Support Implementation of the Core Agriculture Program worth 2.5 million U.S. dollars, and the Mekong Water Supply and Sanitation Project worth 0.4 million U.S. dollars, he added.
Country leaders from Cambodia, China, Vietnam, Laos, Myanmar and Thailand are slated to attend the third GMS Summit in Laos on March 30-31.
ADB defined an area of 811,000 square km along the Mekong Riveras GMS. The bank is also responsible to coordinate the development issues of the six countries related to the river through various GMS meetings.
Souce:Xinhua
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