KUALA LUMPUR, Oct 22 (Bernama) -- The first segment of a new international standard railroad, co-financed by international donors including Malaysia, officially opened in Cambodia on Friday, a major step towards the creation of a long-awaited Pan-Asian railroad.
The Asian Development Bank (ADB) is providing US$84 million in support of the reconstruction and repair of 650 kilometres (404 miles) of rail stretching from Cambodia's border with Thailand, through the capital city of Phnom Penh, and southward to Sihanoukville, the country's main seaport.
Australia provided the additional US$21.5 million while Malaysia contributed 106 km (66 miles) of track worth US$2.8 million in support of the US$141 million project.
ADB said in a statement today that Cambodia allocated US$20.3 million for the rail project while the other co-financiers include the OPEC Fund for International Development with US$13 million.
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The Asian Development Bank (ADB) is providing US$84 million in support of the reconstruction and repair of 650 kilometres (404 miles) of rail stretching from Cambodia's border with Thailand, through the capital city of Phnom Penh, and southward to Sihanoukville, the country's main seaport.
Australia provided the additional US$21.5 million while Malaysia contributed 106 km (66 miles) of track worth US$2.8 million in support of the US$141 million project.
ADB said in a statement today that Cambodia allocated US$20.3 million for the rail project while the other co-financiers include the OPEC Fund for International Development with US$13 million.
Please click here to read more...
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