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Friday, June 17, 2011

KOICA Press Release: Korea to Sign Two Projects: Railway Master Plan & Road Safety

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KOICA Press Release: Korea to Sign Two Projects: Railway Master Plan & Road Safety

Phnom Penh, June 17, 2011

On 17th of June 2011 at 15:00, the Korean international Cooperation Agency of the Republic of Korea and the Ministry of Public Works and Transport will sign the first Grant Aid Cooperation of two projects: “The Project for Master Plan for Railway Network Development in Cambodia” and “The Project for Road Safety Equipment & Materials and Safety Measures for National Road No. 3 and National Road No. 48” with the total estimated budget of $6 million which is the grant aid from the Government of the Republic of Korea.

The Grant Aid agreement will be signed at the Ministry of Public Works and Transport by Dr. Shin Eui-cheol, Representative of KOICA Cambodia Office and Cambodian side by H.E. Tauch Chankosal, Secretary of State of the Ministry of Public Works and Transport under the presidency of H.E. Tram Iv Tek, Minister of the Ministry of Public Works and Transport and H.E. Chang Ho-jin, Ambassador of the Republic of Korea to the Kingdom of Cambodia.

“The Project for Master Plan for Railway Network Development in Cambodia” was designed (1) to accelerate economic growth in Cambodia through the establishment of master plan for railway network and feasibility study, (2) to assist efficient and systematic development of national railway network of Cambodia, and (3) to transfer Korea’s policy and technology related to railway network to Cambodia.

Regarding the objectives of “The Project for Road Safety Equipment & Materials and Safety Measures for National Road No.3 and National Road No. 48” are (1) to decrease the number of traffic accident through road safety equipment & materials and safety measures for National Road No. 3 and National Road No. 48, (2) to review the existing road safety furniture including the blackspots and to plan additional installation in order to improve road safety and to promote road efficiency on ASEAN highways through National Road No. 3 and National Road No. 48, and (3) to improve the capacity of human resources of the Ministry of Public Works and Transport of the Kingdom of Cambodia.

Since 1991, the total volume of KOICA’s grant aid to the Kingdom of Cambodia has been scaling up to $ 68 million, covering a wide range of areas such as infrastructure, agriculture & rural development, health, education sectors as well as cross-cutting sectors such as environment, democracy, civil society, gender, public administration, etc including “good governance” which is the core value of the Rectangular Strategy of the Royal Government of Cambodia.
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