With most local agricultural exports consisting of raw materials, the Asian Development Bank (ADB) is now designing a multimillion project to increase the value of the agriculture industry.
With a budget of $70 million – $2.17 million of which will be disbursed as a grant and the rest as a concessional loan – ADB’s Agricultural Value Chain Infrastructure Improvement Project seeks to help the Kingdom climb up regional value chains while increasing the quality of local produce, the bank said in a report.
“This project will enhance the value of agriculture products, reduce the number of middlemen in the sector, expand and strengthen processing and packaging capabilities, build more warehouses and cooling facilities, and improve transportation. It will boost the quality and safety of local products and help them meet sanitary and phytosanitary requirements for export,” an ADB spokesperson said.
It will tackle a wide range of issues and areas, including rural development, agricultural policy, institutional development, capacity development, marketing, market infrastructure, and transportation, ADB said.
Source: khmertimeskh.com
