The European Investment Bank (EIB) has provided a loan of 85.9 million Euros (about US$97.2 million) to the Royal Government of Cambodia for the construction of a water treatment plant in northern Phnom Penh’s Bakheng area.
The concessional loan agreement was signed by the European Investment Bank with the Phnom Penh Water Supply Authority in Brussels, Belgium, early this week with an aim to improve clean water supply in the suburb of Phnom Penh.
The assistance comes along a Mutual Reliance Initiative grant of 13.5 million Euros (around US$15.2 million) from French Agency for Development (AFD) to install clean water networks to the beneficiaries to ensure equal access among them.
The construction of the Bakheng water treatment plant through the financing will increase portable water supply by 71 billion cubic metres and expand the water pipeline distribution networks for an additional 2.5 million people in Phnom Penh.
H.E. Sim Sitha, Director General of the Phnom Penh Water Supply Authority, said that the support will allow his team to respond to demographic and economic growth in the capital.
Source: Agency Kampuchea Press