Phnom Penh (FN), Sep. 29 – The Asian Development Bank (ADB) has approved an USD 82 million loan to improve about 48 kilometers of national and provincial roads in Cambodia’s Prey Veng and Kandal to boost economic development along the Greater Mekong Subregion (GMS) Southern Economic Corridor, according to ADB’s news release seen by Fresh News on Wednesday.

The new assistance is the second phase of the Road Network Improvement Project series, which aims to strengthen Cambodia’s link with Viet Nam and support the development of cross-border facilities in the two provinces. The new upgrade will use disaster- and climate-resilient design and help the Ministry of Public Works and Transport better manage roads by reducing vehicle overloading, which often damages roads and leads to premature repairs.

“Road transport is the primary means of moving goods and people in Cambodia and between GMS countries,” said ADB Transport Specialist Mohammad Nazrul Islam. “The project will expand access to education, health, and other public services among local communities, especially poor, rural residents. It will also better connect them to markets and economic opportunities through a more efficient, safe, and climate-resilient road network connecting Cambodia with Viet Nam along the GMS Southern Economic Corridor.”

Read full ADB’s news release at https://www.adb.org/news/82-million-adb-loan-improve-cambodian-roads-support-gms-economic-corridors
=FRESH NEWS