The Asian Development Bank is contributing $84 million to a $141 million project to repair 650 km (400 miles) of railway linking
The first section officially opened on Friday runs 120 km (75 miles) southwest from
Kunio Senga, director general of the Asian Development Bank’s Southeast Asia Department, told a news conference the rail link would lower the cost of staple commodities that poor Cambodian families depend on and would help position the country as a sub-regional transport hub.
Tauch Chankosal, secretary of state at
“The estimate is about $600 million,” he said of the construction cost. “The funding is not yet finalised.”
Toll Holdings Ltd <TOL.AX> of Australia has signed a 30-year concession to operate and maintain the railway, which was frequently mined and attacked by Khmer Rouge guerrillas leading to the deployment of cars mounted with machine guns in front of locomotives in the 1980s and 1990s.
Wayne Hunt, CEO of Toll Global Logistics, said the priority was to get freight operating. He said the firm had already invested $5 million and planned to employ 600 people eventually.