$50M loan approved for water services in Battambang, Kampong Cham, Siem Reap, and Sihanoukville
Posted: Sun Dec 10, 2017 10:34 am
ADB to Help Improve Water Supply, Sanitation in 4 Cities in Cambodia
9 December 2017
The FINANCIAL -- The Asian Development Bank’s (ADB) Board of Directors has approved a $50 million loan to help expand and improve urban water supply and sanitation services in four of Cambodia’s largest provincial cities, all of which are important commercial, industrial, and tourist centers in the country.
ADB will also administer a $10 million grant from the Japan Fund for the Joint Crediting Mechanism, funded by the Government of Japan, to help finance a new energy-efficient wastewater treatment plant in Battambang. ADB will also administer a €40 million ($43.54 million) loan cofinancing from Agence Française de Développement (AFD), which will jointly finance the project in all four cities.
Cambodia’s urban population is accelerating at a consistent pace, with the number of people living in cities expected to reach around 30% of the country’s total by 2030. While this phenomenon has helped in the country’s growth over the last few years and the emergence of secondary cities like Battambang, Kampong Cham, Siem Reap, and Sihanoukville—project cities—it also increased the need for basic urban services like water supply and sanitation. Currently, only 42.2% of the urban population—excluding the capital Phnom Penh—have access to piped water supply, and while 80.2% have access to improved sanitation, only 10.7% have access to sewerage and wastewater treatment...
https://finchannel.com/business/70210-a ... n-cambodia
9 December 2017
The FINANCIAL -- The Asian Development Bank’s (ADB) Board of Directors has approved a $50 million loan to help expand and improve urban water supply and sanitation services in four of Cambodia’s largest provincial cities, all of which are important commercial, industrial, and tourist centers in the country.
ADB will also administer a $10 million grant from the Japan Fund for the Joint Crediting Mechanism, funded by the Government of Japan, to help finance a new energy-efficient wastewater treatment plant in Battambang. ADB will also administer a €40 million ($43.54 million) loan cofinancing from Agence Française de Développement (AFD), which will jointly finance the project in all four cities.
Cambodia’s urban population is accelerating at a consistent pace, with the number of people living in cities expected to reach around 30% of the country’s total by 2030. While this phenomenon has helped in the country’s growth over the last few years and the emergence of secondary cities like Battambang, Kampong Cham, Siem Reap, and Sihanoukville—project cities—it also increased the need for basic urban services like water supply and sanitation. Currently, only 42.2% of the urban population—excluding the capital Phnom Penh—have access to piped water supply, and while 80.2% have access to improved sanitation, only 10.7% have access to sewerage and wastewater treatment...
https://finchannel.com/business/70210-a ... n-cambodia