Cambodia’s Four Coastal Provinces Receive US$100m for Sustainable Marine Development Projects

A US$100 million fund from the Asian Development Bank (ADB) and French Development Agency (FDA) has been approved for implementing sustainable marine development projects in four of Cambodia’s coastal provinces including Koh Kong, Sihanoukville, Kampot and Kep.

ADB will contribute US$70 million including loans and grant aid, while AFD will provide US$30 million.

Kep Deputy Governor Vov Sokha met with ADB representative Saunders Lindsay on 27 April to discuss the progress of several projects in his province.

For Kep province, there are multiple projects being implemented including the development of four ports in Kep city and Damnak Chang Eur district to facilitate the boat docking of fishermen and tourists.

ADB is also funding the construction of a 12km beachfront road, a landfill, and a new Koh Tonsay port, among others. (Read more)

Besides, the provincial administration is also working on the construction of a 2,700-metre public beach from the Crab Market to the mangrove forest area. (Read more)

 

- Video Advertisement -

Related Post

Cambodia Sees Surge in Investment: 231 New Projects Worth USD 3.4 Billion Approved in Early 2025

In an encouraging start to 2025, Cambodia has demonstrated robust economic growth, with the Council for the Development of Cambodia approving 231 new investment projects in the first four months, totaling an impressive USD 3.4 billion. This marks a significant increase of 34% in investment capital compared to the same period last year. The latest […]

Taiwanese Tech Giant ADATA Expresses Interest in Investing in Cambodia’s Technology Sector

In a significant development for Cambodia’s tech landscape, ADATA Technology Co., Ltd., a leading Taiwanese technology company, has officially expressed its interest in investing in the country’s advanced technology sector. This announcement came during a meeting between Cambodian Prime Minister Hun Manet and ADATA Chairman CHEN Simon held on April 30, 2025. During their discussion, […]

Significant Economic Growth in Cambodia as of Early 2025

In a promising development for Cambodia’s economy, the country witnessed an impressive increase in enterprises during the first quarter of 2025. The total number of registered businesses and establishments reached 45,255, adding 457 new enterprises compared to the previous quarter. This growth is further accompanied by a significant boost in employment, with the workforce now […]

Japan to Develop 50MW Biomass Power Plant in Kampong Speu

Erex Co., Ltd., a prominent Japanese investment firm, has announced plans to construct a 50MW biomass power plant in Kampong Speu province, with construction set to begin in June 2025. The ambitious project aims to bolster the region’s energy supply and provide more affordable electricity for Kampong Speu and neighboring areas. This significant announcement came […]

Groundbreaking for Cambodia’s First Electric Vehicle Assembly Plant in Sihanoukville

BYD Cambodia Co., Ltd., a subsidiary of the renowned BYD Auto Industry, has officially commenced construction of its first electric vehicle (EV) assembly plant in Cambodia. The new facility is strategically located within the Sihanoukville Special Economic Zone. His Excellency Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development […]

DEEM ALMASEAH Sets Sights on Expanding Investments in Cambodia’s Infrastructure

In a significant development for Cambodia’s economic landscape, DEEM ALMASEAH FOR TRADING Co., Ltd has expressed its intent to invest in the country’s burgeoning infrastructure and telecommunications sectors. This commitment was unveiled during a meeting between Prime Minister Hun Sen and Mr. Salem Mubarak Salem Al-Hadhyan, the company’s CEO, on April 25, 2025. Mr. Al-Hadhyan […]