KOICA Funds US$10m Mixed-Use Rural Development Projects Cambodia

• 13 February 2023
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KOICA will provide a US$10 million fund to implement the “Peace Village” project, a mixed-use rural development project in Banteay Meanchey, Battambang, and Pailin provinces. 

This announcement came according to a meeting between KOICA Vice President Yonghwa Shin and a delegation from the Ministry of Rural Development and Banteay Meanchey authority on 13 February. 

Peace Village is the planned establishment of diverse rural communities under a sustainable concept. The project focuses on the north west region of Cambodia to help increase employment for people in rural areas and implement local development in rural areas. 

The project is under the control and management of the three above-mentioned parties. 

The KOICA representative confirmed that the implementation is scheduled to be completed in August 2026. For Banteay Meanchey, the communities will be built in two districts, Svay Chek and Malai.