Cambodia to get 7 mln usd loan for transmission line
to import electricity - ADB
Jan 31, 2008 - Thomson Financial
The Asian Development Bank (ADB) said
it will provide a 7 mln usd loan without government
guarantee to Cambodia for building transmission lines
to import electricity from Thailand, including to
the tourism hub of Siem Reap, and the growing cities
of Battambang and Banteay Meanchey where there have
been power shortages.
The bank said the move will be a boost
for the economy of northwest Cambodia, not just in
tourism but also in agriculture, services and manufacturing.
ADB's financial assistance is being
made to the (Cambodia) Power Transmission Lines Co
Ltd (CPTL), a private Cambodian company.
The bank's assistance will go toward
the estimated 34 mln total project cost and the balance
of the funding is being provided through equity and
loans from the Export-Import Bank of Thailand, Foreign
Trade Bank of Cambodia, and a wholly owned subsidiary
of Gramercy Advisors/Arco Capital Management Family
of Funds.
The 115-kilovolt power lines will connect
with Thailands national grid at the border and will
then run about 221 kilometre into Cambodia, to Siem
Reap, home to the famed Angkor Wat temple, and Battambang,
an important agricultural centre.
In addition to connecting the major
towns, the new lines will also provide opportunities
to wire rural communities along the route, ADB said.
The high-voltage grid lines will be
the first to be privately owned in the Greater Mekong
Subregion. It is also the first ADB private sector
infrastructure project in Cambodia. TFN.newsdesk@thomson.com
man
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