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Home >> Business
UPDATED: 08:28, April 25, 2007
Cambodia to invest 2.5 bln USD to develop road system
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The Cambodian government will invest 2.5 billion U.S. dollars to develop the kingdom's road system from now to 2025, an official said on Tuesday.

"Developing road system is a main factor for helping reduce poverty in this country, because people can transport their products to sell in markets. Roads will make them feel easy to travel and communicate between city and rural areas," said Sun Chan Thol, Minister of Public Works and Transportation.

The budget will also help improve transportation safety in the country, he said, while addressing his ministry's annual work review.

"We are considering to find aid and loan from the Asian Bank of Development, the World Bank and the Australian government of about 42 million U.S. dollars to facilitate the plan," he added.

During last week's Khmer New Year, some 50 people died and over 300 were injured in road accidents, which have become the third largest killer for the Cambodians after AIDS and mines, according to statistics released along the meeting.

Source: Xinhua

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