The European Investment Bank (EIB) has agreed to invest €80 million ($97 million) in a project that will extend the water supply and irrigation network in several provinces across Cambodia.
The Irrigated Agriculture Improvement Project (IAIP) will enable the development of rural water and irrigation infrastructure and introduce sustainable agricultural practices that will be critical to a faster post-COVID-19 green recovery in Cambodia.
The EIB loan increases the project’s outreach and allows the partners to develop rural irrigation infrastructure in more provinces. Additionally, it makes the funding even more affordable for Cambodia. IAIP will also enable Cambodia to establish a national water resources data management center, which will be crucial for helping the country to mitigate the effects of climate change on water supply and agriculture.
“Together with our partners from the Asian Development Bank and the European Union, we are making a tangible co
