The World Bank has approved the first phase of the Multiphase Programmatic Approach (MPA) Cambodia Regional Connectivity Improvement (CRCI) Program, with an overall financing envelope of $300 million, according to its press release yesterday.
The first phase, approved at $150 million, will improve resilient transport connectivity along sections of the Asian Highway 21 (AH21) corridor and strengthen Cambodia’s national logistics management capacity, the press release said.
The program is expected to benefit more than 1.6 million people, including road users and communities living along the corridor, it said.
The AH21 corridor provides important east-west inland connectivity between Cambodia and Vietnam and links Cambodia’s northeastern provinces to domestic markets and regional trade routes, the press release said. Xinhua
