Original report from Washington
17 December 2009
The Asian Development Bank will provide $42 million in loans to the Cambodian government to help it revitalize its railway and boost a Southeast Asian trade network, officials said Wednesday.
“It’s a supplemental loan for the railroad,” said Kamayana Putu, ADB’s Cambodia director.
The bank has put a total investment of $84 million in the project, which is expected to cost at least $141 million.
The latest round of financing will make it possible for freight trains to begin running between Kampot province, near the Vietnamese border, to Phnom Penh, in 2011.
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