Promoting Readiness of Climate Resilient Investments in Cambodia – EQ Mag

ADB and the Nordic Development Fund established the Project Readiness Improvement Trust Fund to help design procurement ready, climate change responsive infrastructure projects.

The Project Readiness Improvement Trust Fund supports infrastructure projects in Southeast Asia that help member countries mitigate and adapt to climate change and deliver their intended Nationally Determined Contributions to the Paris Agreement.

Cambodia is one of the most impacted countries in the world by climate change. The PRIF-supported climate change responsive designs are crucial for areas like Kep.

ADB’s Multi-Donor Project Readiness Improvement Trust Fund (PRI Fund) helps Southeast Asia prepare and design infrastructure projects with climate-resilient features. The PRI Fund supports the conduct of (i) climate risk vulnerability assessments, engineering designs that incorporate climate adaptation and mitigation measures and greater safety factors at the outset, (ii) feasibility studies, (iii) knowledge transfer, and (iv) capacity building. With an $8 million contribution from the Nordic Development Fund in 2016, the PRI Fund has to date leveraged over $2 billion of climate-resilient investments that are shovel-ready, innovative, and catalytic. Watch the PRI Fund video with a special highlight on Cambodia’s Second Greater Mekong Subregion Tourism Infrastructure for Inclusive Growth Project (TIIGP2).