The deals were inked between Cambodian finance minister Aun Pornmoniroth and Eric Sidgwick, ADB country director for Cambodia.
The agreements cover a rural roads improvement project, a technical and vocational education and training development program, and a community-based disaster risk reduction project, the bank said in the statement.
It said some 66 million U.S. dollars, including a grant aid of 12 million U.S. dollars, will go for the rural road project, 30 million U.S. dollars for the training program, and 2.5 million U.S. dollars in grant for disaster risk control project.
"These initiatives will improve the quality of life for poor and vulnerable people through a climate-resilient and cost- effective road network, the development of a skilled workforce responsive to labor market needs, and disaster management planning support to reduce disaster impacts in the country," Eric Sidgwick said.
The rural roads improvement project will pave 729 kilometers of roads in nine provinces with high poverty incidence in Cambodia, the statement said, adding that it is expected to benefit about 800,000 rural people.
The statement continued to say that it is expected that more than 55,000 Cambodians will participate in different training programs as 850 staff and instructors of public technical and vocational institutes will be trained to deliver competency-based training and assessment.
For the disaster risk reduction project, it will support 54 selected communes in 18 districts in 6 target provinces to put in place disaster risk management and climate change adaptation plans.
"The project will provide hazard and vulnerability assessments, early warning systems, and emergency response and recovery plans, reflecting the needs and vulnerabilities of communities," it said, adding that the project aimed to reduce economic losses from floods by 15 percent over a 5-year period from 2015.
Source: Xinhua | 27 October 2014
