Japan Grants Over US$57m to Cambodia for Human Resource & Infrastructure Development

• 20 July 2024
• Local News
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The Ministry of Economy and Finance and the Japan International Cooperation Agency (JICA) have signed two agreements worth 8.679 million yen (US$57.5 million) to support human resource and infrastructure development in Cambodia. This was announced in a joint press release on 19 July 2024.

The agreements include a grant financing agreement and a concessional loan agreement, specifically:

1. Human Resource Development Scholarship Project (JDS): A grant of 386 million yen (approximately US$2.5 million) to fund scholarships for human resource development.
2. National Road No. 5 Improvement Project: A concessional loan of 8,293 million yen (US$ 55 million) for the third phase of the National Road No. 5 Improvement Project, covering the Thlaa Ma’am-Battambang and Serey Sophorn-Poipet sections.

The third phase of the loan aims to complete the construction and subsequent work on the road from Serei Sophorn to Poipet, complementing the already inaugurated section from Prek Kdam to Battambang. (Read more)

The entire National Road No. 5 upgrade, funded by Japanese concessional credit, spans 366km and will feature a four-lane roadway with a width of 23 metres and a 15cm thick A/C pavement, including a central garden.

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