Cambodia seeks financial support for infrastructure projects

Cambodia has reviewed the Comprehensive Intermodel Comprehensive Master Plan (CIT-MP) for the next decade, stressing that some 36.6 billion USD is needed for building prioritised infrastructure projects.

Wednesday, February 21, 2024 21:09

Cambodia seeks financial support for infrastructure projects ảnh 1

Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia Sun Chanthol. (Photo: cpp.org.kh)

Phnom Penh (VNA) – Cambodia has reviewed the ComprehensiveIntermodel Comprehensive Master Plan (CIT-MP) for the next decade, stressingthat some 36.6 billion USD is needed for building prioritised infrastructureprojects.

An inter-ministerial meeting on reviewing the plan was held on February 20under the chair of Deputy Prime Minister and First Vice President of the Councilfor the Development of Cambodia Sun Chanthol.

Sun Chanthol said that the government is seeking financial assistance forpublic investment projects through public-private partnership mechanism as wellas foreign funding resources.

In order to roll out 174 projects in line with the plan, Cambodia has to promoteits master plan widely, he said, adding the private sector is welcomed if it isinterested in the projects.

According to the CIT-MP, 94 projects are relatedto road infrastructure, eight to railway projects, 23 to river transportprojects, 20 to maritime transport projects, 10 to air transport projects, 15to logistics projects and four others.

Construction of the Funan Techo Canal project, worth 1.7 billion USD, willbegin at the end of this year. This is the first historicproject in Cambodia’s waterway transport sector to connect the Mekong Riversystem and the sea./.

VNA

#Cambodia #CIT-MP #infrastructure projects #plan #public-private partnership #foreign funding resources #waterway transport #Vietnam News Agency #Vietnamplus Cambodia

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