The Cambodian cabinet ministers this morning approved the draft Three-Year Rolling Public Investment Programme (PIP) 2022-2024, said H.E. Phay Siphan, Minister Attached to the Prime Minister and Chairman of the Royal Government Spokesperson Unit.

According to the draft, he continued, the total capital for the PIP 2022-2024 is about US$9,201 million. The amount pledged by the Royal Government and development partners is US$7,713.3 million (of which US$477.1 million from the Royal Government and US$7,236.2 million from development partners). An additional capital of US$1,487.7 million is needed.

There are in total 673 projects, including 185 ongoing projects that require a capital of US$5,817 million and 488 projects for the National Development Strategic Plan 2019-2023 which need a capital of US$3,384 million.

“Based on a common vision framework that defines the indispensable role of investment in driving economic growth, we can conclude that ensuring a public investment programme that will contribute to promoting the national economic growth as a whole as well as being a policy tool for turning national priorities into reality is very necessary in the process of formulating socio-economic development policies,” the draft underlined.

Source: Agency Kampuchea Press

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