Cambodia Needs 1.6 billion SDR to Develop Six Prioritised Sectors in 2022

Cambodia Needs 1.6 billion SDR to Develop Six Prioritised Sectors in 2022

The Cambodian government would need a total of 1.6 billion SDR (international reserve assets) to develop six prioritised sectors or equivalent to 35 public investment projects in 2022, according to the new Draft Law on Financial Management.

The SDR will be allocated to sectors such as energy (8 projects), irrigation (5 projects), physical infrastructure (7 projects), health (3 projects), education and vocational training (2 projects), agriculture (3 projects), and others (06 projects).

For the physical infrastructure sector, the seven projects include:

1. Construction of the Mekong River bridge and connecting road to Kratie province

2. NR7 expansion (from Skun to Kampong Cham). This project is scheduled to begin soon as the working team is currently wrapping up the study. (Read more)

3. Construction of a new Cambodia-Thailand border checkpoint and connecting road from the border to NR5 Phase 2. As of June this year, the Stueng Bat-Ban Nong Lan international border checkpoint for the Cambodian side was over 21% complete. (Read more)

4. NR5 renovation project for Pursat – Battambang- Sisophon (Credit package, phase 3). To date, the NR5 Battambang – Serey Sophorn section is 100% complete, while the other three sections are on track for completion by 2022, 2023 and 2024, respectively. (Read more)

5. Sustainable renovation project rural roads

6. Construction of Cambodia-Korea Friendship Bridge. South Korean experts are still studying the design and choosing locations for the Chroy Changvar – Svay Chrom Bridge, but no completion timeframe has been given. (Read more)

7. Implementation of Rural Area Resiliency Improvement Projects

Besides the aforementioned projects, from 2022 to 2024, the Cambodian government would also need US$9.2 billion to implement a total of 673 public investment projects, with 44.2% allocated for infrastructure development. (Read more)

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