Korea Provides Two Projects: Railway Master Plan & Road Safety

Korea Provides Two Projects: Railway Master Plan & Road Safety

KOICA News Release: translate from local website
From KOICA Cambodia Office

News Release in Cambodia Express News (CEN),

By CEN (Thursday, June 16, 2011, 02:59PM)

Phnom Penh: On June 17, 2011 at 15:00, the Korean international Cooperation Agency (KOICA) and the Ministry of Public Works and Transport will sign the first two cooperation 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 was the grant aid from the Government of the Republic of Korea, according to the press release of KOICA Cambodia Office.

The press release also stated that the grant agreement will be signed at the office of the Ministry of Public Works and Transport by Dr. Shin Eui-cheol, Resident 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. Chang Ho-jin, Ambassador of the Republic of Korea to the Kingdom of Cambodia and H.E. Tram Iv Tek, Minister of the Ministry of Public Works and Transport.

The project of “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” were (1) to decrease the number of traffic accident through road safety furniture 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 Asian highways through National Road No.3 and National Road No.48, and (3) to improve the capacity of human resources of Ministry of Public Works and Transport.

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 was the core value of the Rectangular Strategy of the Royal Government of Cambodia.