Cambodia releases 2,205 mln USD capital for public investment program

The Council of Ministers of Cambodia approved the draft of public investment program from 2007 to 2009 with 2,205 million U.S. dollars capital on Friday, a statement from spokesman office of the Cambodian government said here on Saturday.

The money will be spent on 605 projects, including 274 top priority projects and other 331 projects, the statement said, adding the projects in 2007 is worth about 695 million U.S. dollars, in 2008 about 740 million U.S. dollars and in 2009 about 770 million U.S. dollars.

The projects are all in the plans of the national development strategy, it said.

So far, the Cambodian government and development partners have pledged 1,143 million U.S. dollars for the projects, while Cambodia still needs 1,061 million U.S. dollars, the statement added.

Source: Xinhua