ADB to Fund Cambodia Water Project

The Asian Development Bank (ADB) will extend a $34m loan to Cambodia to improve the management of water resources and upgrade irrigation services in the country.

ADB has approved the funds for the $63m Water Resources Management Sector Development Program, which aims to strengthen national water regulations and improve the management of river basin resources.

The project will rehabilitate and upgrade about 15,000ha of small and medium-sized irrigation schemes within the Tonle-Sap basin provinces of Kampong Thom, Banteay Meanchey and Siem Reap.

The loan will have a maturity period of 24 years, including a grace period of eight years.