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Monday, June 13, 2011

Korea to sign 2 projects: railway master plan and road safety

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Phnom Penh, June 13, 2011


Korea to sign 2 projects: railway master plan and road safety

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 two cooperation projects: “Master Plan for Railway Network Development in Cambodia” and “Road Safety Furniture and Safety Measures for NR No.3 and 48” with the total estimated budget of $6 million which is the grant aid from the Government of the Republic of Korea.

The grant 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 of “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, while the objectives of “Road Safety Furniture and Safety Measures for NR No.3 and 48” are (1) to decrease the number of traffic accident through road safety furniture and safety measures for NR No.3 and 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 NR No.3 and NR 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 is the core value of the Rectangular Strategy.

Representatives of Mass Media are welcome to participate in the Ceremony. For further information, please contact Mr. Hort Sroeu on the above telephone numbers and email address.

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