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

• 6 May 2020
• Local News
• 3240 Views

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.

• Economy and Finance
• Policy and Strategy