Tuesday, March 20, 2012

Japan provides Cambodia 7.5 mln USD for road restoration after last year's flood devastation

PHNOM PENH, March 20 (Xinhua) -- Japanese government on Tuesday signed up to provide Cambodia a grant aid of 7.5 million U.S. dollars for the rehabilitation of roads, which were damaged by floods last year.
The exchange of notes for the grant was inked between Ouch Borith, a secretary of state at Cambodia's Foreign Ministry, and Masafumi Kuroki, ambassador of Japan to Cambodia.
"Last year's floods had claimed many lives and seriously damaged various infrastructures, so it is an urgent need for Cambodia to rehabilitate and reconstruct these infrastructures in order to restore economic and social activities," said a press release by the Japanese embassy after the signing ceremony. "The grant aid will enable Cambodia to purchase construction equipment for road repair and maintenance."
Cambodia had suffered the worst flooding from August to October last year, leaving at least 250 people dead and estimated 1.4 million people affected, according to the National Committee for Disaster Management (NCDM).
Moreover, Nearly 3,000 kilometers of gravel roads and some 180 kilometers of national roads have been damaged.
The floods cost the country about 521 million U.S. dollars, mainly the damages of roads and rice paddies, it said.
Last month, the Asian Development Bank (ADB) signed up to provide a loan of 69 million U.S. dollars to Cambodia to support a major upgrade of provincial roads in some provinces, which were hard-hit by the floods.

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