France to provide $100 million for water pumping station project

Sector	Agriculture and Rural Development
Title	France to provide $100 million for water pumping station project
Source	Khmer Times
Date	February 04, 2020
Link	https://www.khmertimeskh.com/50686840/ministry-to-get-125-million-for-rural-development-project
Summary	The International Fund for Agricultural Development (IFAD), together with the Government and the European Investment Bank (EIB), are launching a $125 million rural development project that aims to boost incomes and food security for 200,000 families in Cambodia. The project is financed by a $53.3 million loan and $1.2 million grant from IFAD, a $57.6 million loan from EIB and $12.41 million contribution from Cambodia. The above mentioned project is supported via Sustainable Assets for Agriculture Markets, Business and Trade (SAAMBAT) project. The objective of this project is to improve livelihoods by better connecting rural communities to markets, technical training and employment opportunities. The project will focus on building sustainable and inclusive rural infrastructure, including roads and marketplaces, building rural capacity and linking rural communities, especially for young people to get relevant skills and technologies.