Friday, 9 May 2008

Cambodia needs over 2.5 bln USD for national road construction

Friday, May 09, 2008

PHNOM PENH, May 9, 2008 (Xinhua via COMTEX News Network) -- Cambodia needs at least 2.5 billion U.S. dollars to implement the master plan of national road construction in 2006-2020, Minister of Public Works and Transportation Sun Chan Thol said on Friday.

The budget for national road construction will be increased if the oil price increases, Sun Chan Thol said.

"When we receive the benefit from oil and gas resources, the government will use the money to build national roads across the kingdom," he told Xinhua.

"We already have a master plan of national road construction across the country but we are waiting for the money," he said.

From 2003 to 2008, Cambodia has been building 1,700 km of national roads in all, with some road construction sites just opened and some under construction, he said.

The government is trying to link the national roads with those in neighboring countries, especially Great Mekong Subregion (GMS) countries, in order to improve the transpiration for economic development, he said.

XINHUA NEWS AGENCY.

No comments: