(MENAFN) The Asian Development Bank's (ADB) director to Cambodia, Eric Sidgwick, stated that the country will receive a USD230 million aid from the bank to finance 6 development projects, reported Xinhua News.
Sidgwick said that the projects are focused on education, decentralized public service and financial management sector, economic diversification promotion, flood and drought risk management and mitigation, power sub-transmission line construction, and Southern economic corridor town development project.
He added that the amount is divided into USD218.46 million confessional loan and USD11.7 million grant.
So far, the ADB has provided USD1.85 billion of project loans and grants to Cambodia, of which USD1.5 billion were loans for 63 projects and USD350 million were grants for 33 projects.
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