PHNOM PENH, CAMBODIA (24 May 2019) — The Asian Development Bank has approved a $7.64 million loan to support the construction of a 100-megawatt solar power park in Cambodia, which will help the country develop renewable energy resources, diversify its energy mix, and improve the competitiveness of its economy.
The Asian Development Bank has published economic statistics for analyzing cross-border production arrangements in Southeast Asian countries, including those in the Greater Mekong Subregion.
The Association of Southeast Asian Nations (ASEAN) have identified 19 priority infrastructure projects to enhance regional connectivity and mobilize investments. Fifteen of the projects are in the Greater Mekong Subregion.
Pilot projects in the Greater Mekong Subregion are helping increase small farmers’ income by enhancing their access to the lucrative organic food market using a community-based certification system.
Financial resource mobilization by the Malaria Trust Fund has helped eradicate malaria and build strong foundations for health systems in the Greater Mekong Subregion.
An international seaport project in Southern Cambodia will serve as a gateway for direct ferry services to Viet Nam and later to other destinations in the Gulf of Thailand. The fast ferry services are expected to boost tourism in the Southern Coastal Subcorridor of the Greater Mekong Subregion.
Cambodia wants to transform its capital Phnom Penh into a clean, green, and competitive city. It has launched a sustainable city plan for 2018–2030.
The six countries of the Greater Mekong Subregion have agreed to extend the “early harvest” implementation of their Cross-Border Transport Facilitation Agreement (CBTA) for 2 years.
A study examines how India can increase its trade and investments in the Greater Mekong Subregion by helping small and medium-size enterprises tap into this market.