Luxembourg, July 12, 2019

AIIB’s First Project in Cambodia to Help Improve Fiber Optic Communication Network

Cambodia will see a major improvement in internet speed and quality following a USD75-million investment by the Asian Infrastructure Investment Bank (AIIB) into the country’s largest independent fiber optic network provider.

AIIB’s loan to Cambodia Fiber Optic Communication Network Co., Ltd is the Bank’s first project in Cambodia. It will be invested in approximately 2,000 kilometers of metro and regional fiber optic backbone networks to provide wider coverage within major cities and across suburban and rural areas. The project is expected to support the government’s information and communications technology (ICT) development plan, which aims for 100-percent urban and 70-percent rural broadband coverage by 2020.

“Improving connectivity is at the core of AIIB’s mandate,” said AIIB Vice President and Chief Investment Officer D.J. Pandian. “The project will contribute to Cambodia’s drive to accelerate digital connectivity and help develop and expand the country’s telecommunication and ICT sector which is expected to benefit both end users and corporates.”

While Cambodia has a higher mobile subscription rate than most of its neighbors, services that require high broadband—such as mobile money services—are used at rates well below the average for lower-middle income countries and for the world, according to the International Telecommunications Union’s ICT Development Index. Faster and more reliable internet access is expected to increase economic efficiency by raising the productivity of digital activities and streamlining business systems.

“The loan aligns well with AIIB’s private capital mobilization thematic priority and is an important precedent for other international investors and financiers,” said AIIB Investment Operations Director General Dong-ik Lee.

Additional information about the Cambodia: Fiber Optic Communications Network project can be found here.

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we began operations in January 2016 and have now grown to 97 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.

Logos for Download

Our logo is available in JPEG and PDF format.


Media Contact

Lingxiao He

Press Officer

+86 10 8358 0683


More News Articles

Beijing, January 09, 2023

AIIB Welcomes Mauritania as New Prospective Member

The Asian Infrastructure Investment Bank’s (AIIB) Board of Governors has approved Mauritania’s application, raising the Bank’s approved membership to 106. Mauritania is now AIIB’s 55th nonregional member, 21 of which are from Africa.


Beijing, December 30, 2022

AIIB Extends EUR250M to Support Egypt’s Green Public Transportation

The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a EUR250-million loan to Egypt for the Alexandria-Abou Qir Metro Line Project. Aiming to increase access to efficient, safe and low-carbon public transportation in the city of Alexandria, the project will upgrade and electrify the existing Alexandria-Abou Qir line. Twenty metro stations along the 22-kilometer corridor will be modernized, 13 stations and 16 kilometers of which will be elevated.


Beijing, December 12, 2022

AIIB Reinforces Commitment to Support Members’ Clean Energy Solutions

The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved an update to the Bank’s Energy Sector Strategy on Nov. 22, 2022. Under the updated Energy Sector Strategy, AIIB will focus its energy investments on supporting its Members to achieve their long-term climate goals and net-zero/carbon neutrality commitments and to accelerate the just transition towards secure, affordable, and sustainable energy access for all.


Beijing, December 07, 2022

AIIB Signs USD200-M On-Lending Facility to Boost Türkiye’s Climate Mitigation and Adaptation Efforts

The Asian Infrastructure Investment Bank (AIIB) and the Industrial Development Bank of Türkiye (Türkiye Sınai Kalkınma Bankası A.Ş. or TSKB) have signed a USD200-million on-lending facility to contribute to the Republic of Türkiye’s climate mitigation and adaptation goals in line with the Paris Agreement.


Home News and Insights Media Center News AIIB’s First Project in Cambodia to Help Improve Fiber Optic Communication Network