This article was added by the user . TheWorldNews is not responsible for the content of the platform.

Cambodia needs 9.22 bln USD for next 3-year public investment program

PHNOM PENH, Oct. 28 (Xinhua) -- The Cambodian government on Friday approved the next three-year public investment program (2023-2025), which would require a total capital of 9.22 billion U.S. dollars to implement 663 projects, government spokesperson Phay Siphan said.

The approval was made during a weekly cabinet meeting presided over by Prime Minister Samdech Techo Hun Sen, he said.

The projects include 189 ongoing projects with a budget of about 5.11 billion dollars and 474 new projects with a budget of about 4.11 billion dollars, he added.

Siphan said the public investment program was essential to supporting Cambodia's socio-economic recovery in the post-COVID-19 era.

"Some 13.4 percent of the program's total investment will be allocated to social projects, 43.6 percent to economy-driven projects, 37.4 percent to infrastructure projects, and 5.6 percent to service and inter-sectoral projects," he said.