South Korea grants $200m loan to Cambodia

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railway-cambodia
Cambodia needs an estimates $13 billion for infrastructure up to 2020

South Korea will provide Cambodia with $200 million as a loan for road and dam projects, according to the Cambodian Ministry of Foreign Affairs, Chinese news agency Xinhua reported.

The four-year loan package was offered to rehabilitate three lines of national roads and rural roads in nine provinces and build a multipurpose dam between northwestern Battambang and Pursat provinces. The loan agreement has been announced just a few weeks ahead of Cambodia’s general election, which will be held on July 28.

The ruling Cambodian People’s Party of Prime Minister Hun Sen is widely expected to win the majority of parliamentary seats in the forthcoming election.

It is estimated that Cambodia needs more than $13 billion in infrastructure works by 2020 if the country intends to continue attracting foreign investment, especially into roads, bridges and power facilities.

Between 2008 and 2012, Cambodia’s spending on public infrastructure amounted to about $2.5 billion — a sum that experts find too low and ineffectively put to use. The lion’s share went into transport, followed by irrigation and electricity supply.

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Reading Time: 1 minute

Cambodia needs an estimates $13 billion for infrastructure up to 2020

South Korea will provide Cambodia with $200 million as a loan for road and dam projects, according to the Cambodian Ministry of Foreign Affairs, Chinese news agency Xinhua reported.

Reading Time: 1 minute

railway-cambodia
Cambodia needs an estimates $13 billion for infrastructure up to 2020

South Korea will provide Cambodia with $200 million as a loan for road and dam projects, according to the Cambodian Ministry of Foreign Affairs, Chinese news agency Xinhua reported.

The four-year loan package was offered to rehabilitate three lines of national roads and rural roads in nine provinces and build a multipurpose dam between northwestern Battambang and Pursat provinces. The loan agreement has been announced just a few weeks ahead of Cambodia’s general election, which will be held on July 28.

The ruling Cambodian People’s Party of Prime Minister Hun Sen is widely expected to win the majority of parliamentary seats in the forthcoming election.

It is estimated that Cambodia needs more than $13 billion in infrastructure works by 2020 if the country intends to continue attracting foreign investment, especially into roads, bridges and power facilities.

Between 2008 and 2012, Cambodia’s spending on public infrastructure amounted to about $2.5 billion — a sum that experts find too low and ineffectively put to use. The lion’s share went into transport, followed by irrigation and electricity supply.

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