Land Ministry to draw up a budget of about US$100 million for LASED III

The Ministry of Land Management Urban Planning and Construction (MLMUPC) is preparing to propose another project on the Land Allocation for Social and Economic Development Phase III to improve living standards of people through allocating land for agriculture and building houses.

The proposed project will utilize a budget of US$100 million, according to Mr Rithy Ratanakcheysith, Deputy Director of Social Land Concession Department of MLMUPC during an interview with Construction & Property Magazine on 05 May 2020.

On 13 March 2020, MLMUPC held a meeting on the final results of the last World Bank mission to Cambodia. The meeting touched on a possible proposal on the Land Allocation for Social and Economic Development Project Phase III.

Ratanakcheysith said that the third phase of the project has a budget of about US$100 million budget from the World Bank with a timeframe of six years, although the target area is yet to be identified.

Ratanakcheysith stressed that Lased III has three objectives: 1) Community land registration for indigenous peoples in order to protect their land, 2) The use of Commune-Sangkat lands for the long term to ensure a clear division between private and public land, and 3) Finding potential land to provide to poor people who do not have land.

The land allocation project for social and economic development plays an important role in improving the lives of the people by providing land for housing, farming and public land for the benefit of the community to properly set up their community.

According to a report by the General Department of Housing, the LASED Phase I (2008-2013) spent US$11.5 million allocating 14, 126 hectares to 46, 976 families. Meanwhile, LASED II (2016-2021) costs US$25.06 million of World Bank credit and US$1.8 million of national budget allocating 17, 042 hectares to 5, 141 families within 14 locations in 5 provinces including Kratie, Tbong Khmum, Kompong Chhang, Kompong Thom and Kompong Speu provinces.

All three phases of the LASED program have been being implemented through cooperation between MLMUPC and the Ministry of Agriculture Forestry and Fisheries, and the secretariat of the National Committee for Sub-National Democratic Development.

- Video Advertisement -

Related Post

Cambodia Maintains the World’s Highest Central Bank Interest Rates, Defying Global Trends

In the third quarter of 2024, Cambodia continues to lead global markets, with central bank interest rates soaring between 10% and 12%, starkly contrasting with the 0% to 6% range maintained by most major economies. This divergence, detailed in a report by CBRE Cambodia published on 17 October 2024, spans from December 2021 to December […]

ADB Commits USD 400 Million Large-Scale Financing for Clean Water and Sanitation in Cambodia by 2025

The Asian Development Bank (ADB) has pledged a transformative USD 400 million Large-Scale Financing (MFF) project to advance clean water and sanitation infrastructure across Cambodia, targeting approval by the end of 2025. This announcement follows the success of an ongoing USD 119 million Provincial Water Supply and Sanitation Project currently active in the provinces of […]

In 10 Months, Cambodia Earns Over USD 37 Million from Angkor, Koh Ker, and Boating Tickets

From January through September 2024, Cambodia generated USD 36,824,852 in ticket sales from Angkor, Koh Ker, and boat rides—a substantial revenue gain that reflects the country’s appeal to international visitors. This information was reported by the Angkor Institute on 1 October 2024. The data indicates that, during these ten months, 774,203 foreign tourists purchased tickets […]

Cambodian Gov’t Revitalises 165 Stalled Projects in Sihanoukville in Record 10 Months

The Cambodian government has tackled 165 previously stalled projects within just ten months, spurred by the Sihanoukville Investment Promotion Team’s special incentive programme, initiated by Prime Minister Hun Manet on 31 January 2024 and active through October 2024. According to an announcement on 24 October 2024 from the official task force’s Facebook page, the revitalised […]

Phnom Penh-SHV Expressway to Implement Full Toll Rates from 1 November

The Phnom Penh-Sihanoukville Expressway Company has confirmed it will transition to full toll rates beginning 1 November 2024, concluding a 20% discount period that will end at 00:00 on 31 October. This was detailed in the company’s official announcement, dated 31 October 2024. In continued support of smoother travel, the expressway company will offer Electronic […]

Indonesia Sets Sights on Becoming Southeast Asia’s Leading Electric Vehicle and Battery Hub

Indonesia has declared its ambition to become the largest electric vehicle (EV) and EV battery hub in Southeast Asia, a move highlighted by the opening of the region’s first EV battery manufacturing facility last July, according to a statement by vietnamplus, 28 October 2024. This pioneering plant, a $1.1 billion joint venture between Hyundai Motor […]