Phnom Penh (FN), May 30 - World Bank has provided a low-interest loan of $60 million to the Royal Government of Cambodia to upgrade the quality of National Road No.3 and National Road No. 7 with a total length of 218 kilometer.
Minister of Public Works and Transport Sun Chanthol signed a contract with Korea Consultants International (KCI) from the World Bank on Wednesday afternoon to monitor and support the implementation of the road improvement projects.
Cambodia is also negotiating with the World Bank for an additional loan of $110 million for the restoration of National Road No. 4 starting from early 2019 for a better transportation, according to the minister.
Currently, the Ministry and the World Bank has completed the loan agreement on May 10, 2018, and will submit it to the World Bank Board of Directors in June 2018.
A 200-km Phnom Penh-Sihanoukville NR No. 4 connects to Sihanoukville Autonomous Port, which is a major road for the transportation of goods and people's travelling.
Sun Chanthol said that these national roads will upgrade from DBST to AC and renovate system to avoid flood.
The NR No. 3 and 7 will begin the construction from April 2018 to September 2022, while NR No. 4 from Early 2019.
He added that the infrastructures are crucial for people's travelling and transportation. Therefore, these improvements and rehabilitations will contribute significantly to improve the people’s well-being and the national economy.