ADB Backs Cambodia's Urban Future with $763 Million Investment for Water Security and Resilience
Cambodia, Dec. 1 -- The Asian Development Bank (ADB) has approved a $763 million investment program-including a $20 million grant from the Asian Development Fund (ADF)-to help Cambodia expand access to safe water supply and sanitation, strengthen water security, and enhance the resilience and livability of its cities.The Livable, Resilient, and Water-Secure Cities Investment Program will utilize a multitranche financing facility to improve basic urban services in 14 cities and 12 districts across the Mekong, Tonle Sap, and coastal regions. The program will boost inclusive coverage of basic urban services, with approximately 15% of direct beneficiaries from poor households. Cambodia has made notable progress in recent years, with access to b...
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