EIB invests €80m in water supply and irrigation project in Cambodia
The European Investment Bank is investing €80 million in the Irrigated Agriculture Improvement Project to extend the water supply and irrigation network in several provinces across Cambodia.
The IAIP will improve the efficiency of irrigation systems, increasing the resilience of Cambodian agriculture to climate change. In the long term, it will contribute to better water resources management, increased efficiency of agricultural production and, in turn, the reduction of rural poverty in Cambodia. The EIB contribution to the IAIP project increases the project's outreach and allows the partners develop rural irrigation infrastructure in more provinces. Additionally, it makes the funding even more affordable for Cambodia.
Co-financed by the Asian Development Bank and the Royal Government of Cambodia, the Irrigated Agriculture Improvement Project is the third EIB supported project in Cambodia, following the €91 million investment in Bakheng Water Supply project (in collaboration with AFD) and €51.5 million support in Sustainable Assets for Agricultural Markets, Business and Trade programme.
