World Bank approves US$60mil credit to Cambodia for solid waste, plastics management

PHNOM PENH, May 12 (Xinhua): The World Bank has approved a US$60 million credit to Cambodia to support the kingdom's improvement of solid waste and plastics management, according to its press statement to the media.

The project will be co-financed by a grant from the PROBLUE trust fund in the amount of 3 million dollars, the statement said.

Economic growth, urbanization, and tourism have led to a substantial increase in solid waste and plastics use in Cambodia over the years, the statement said.

"The government has placed improvement of solid waste and plastics management increasingly high on the national agenda as stated in the Municipal Solid Waste Management Policy 2020-2030," Cambodian Deputy Prime Minister and Interior Minister Sar Kheng said in the statement.

He added that protecting public health, environmental and landscape aesthetics in the Southeast Asian nation is an important priority.

The project will support the government's efforts to strengthen institutional capacity for solid waste and plastics management, enhance the performance of the private sector engaged in waste services, and improve waste fee systems to support improved solid waste operations that are environmentally, financially, and socially sustainable.

"Improved solid waste and plastics management is critical for Cambodia's economic and social development, including its tourism sector," Maryam Salim, World Bank country manager for Cambodia, said.

Salim said the project will also support greater access for households to regular waste collection, and with increased landfill, recycling, and composting capacity, there will be positive impacts on public health, the environment, and tourism. - Xinhua

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Aseanplus News

Athletics official in stable condition after being hit by hammer at the Hangzhou Asian Games
Budget 2024 to focus on healthcare facilities, says Anwar
India's Aditi Ashok blows seven-shot lead as Thailand sweep women's golf golds at Hangzhou Asian Games
Haze: Unhealthy air levels recorded in several states
Tennis-Flawless Kudermetova stuns Pegula to claim Tokyo title
He is truly the pole-vault king of Asia - Philippines' star athlete EJ Obiena wins Asian Games pole vault with games record
Retired soldier remanded in Perlis over wife's murder
Another earthquake - 5.3-magnitude quake hits 12 km south of Cicurug, Indonesia, reports USGS
Singapore's Shanti Pereira clinches 100m silver medal at Asian Games - country's first athletics medal at the Asian Games since 1974
Unconvincing Fiji target keeps last eight dream alive at Rugby World Cup as Scots set up Ireland showdown

Others Also Read