[PHNOM PENH POST]
Cambodia plans to spend nearly US$200 million to rebuild after the worst
floods in a decade hit the country in September and October.
The
floods require an immediate response, Minister of Economy and Finance
Keat Chhon said yesterday at a meeting of the Council for the
Development of Cambodia.
“The next urgent priority for the government is rehabilitation of infrastructure.”
The
government had allocated US$54 million from the 2011 budget to
rehabilitation, with $90 million in spending is planned for 2012, Keat
Chhon said. Negotiations are underway with the Asian Development Bank to
secure $55 million for post-flood rehabilitation, which Keat Chhon said
would be implemented toward the end of 2012.
“This is a
provisional allocation we have made in our program in consultation with
the Ministry of Economy and Finance,” said ADB country director for
Cambodia Putu Kamayana. “It will depend on the result of the
government’s joint flood damage and rehabilitation needs assessment,
which ADB will support together with other development partners,” he
added.
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