PHNOM PENH — Cambodia began Monday restoring a 652-kilometer stretch of its decades-old railway system to enhance domestic and international trade, reduce transport costs and ease road traffic.
The $73 million rehabilitation project is expected to be completed in 23 months, according to Sun Chanthol, Cambodia's minister of Public Works and Transportation. Of the outlay, the Asian Development Bank has provided $42 million in concessional loans, $13 million came from the Organization of Petroleum Exporting Countries as a grant, $2.8 million from Malaysia for iron materials and $15.2 million from the Cambodian government, he said.
No comments:
Post a Comment