China plans projects worth $11b in Cambodia

China trainTwo Chinese companies have reached a deal to build a 400-kilometer rail line, a steel plant and a sea port in Cambodia worth a combined $11.2 billion in what would be by far the impoverished country’s biggest-ever investments, Reuters reported.

Cambodia Iron and Steel Mining Industry Group has contracted the China Railway Group to build a railway to link a steel facility in northern Preah Vihear province to a port at the southern commercial island of Koh Kong, the company’s chairman said on January 2. The rail link and port would cost $9.6 billion and the steel plant $1.6 billion.

All three projects in Cambodia would start in 2014 and take up to four years to complete.

Cambodia Iron and Steel is a Chinese firm based in Phnom Penh and established in 2006.

The agreement was made on December 31, 2012 and came three days after Sinomach China Perfect Machinery Industry Corp and Cambodian Petrochemical Company announced they would jointly build a $2.3 billion oil refinery, Cambodia’s first, capable of processing 5 million tonnes of crude a year.

Chinese companies are also set to build a $7 billion, 400-kilometer high-speed rail link through neighbouring Laos and are trying to win contracts to build new lines in Thailand.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

Two Chinese companies have reached a deal to build a 400-kilometer rail line, a steel plant and a sea port in Cambodia worth a combined $11.2 billion in what would be by far the impoverished country's biggest-ever investments, Reuters reported. Cambodia Iron and Steel Mining Industry Group has contracted the China Railway Group to build a railway to link a steel facility in northern Preah Vihear province to a port at the southern commercial island of Koh Kong, the company's chairman said on January 2. The rail link and port would cost $9.6 billion and the steel plant $1.6 billion....

China trainTwo Chinese companies have reached a deal to build a 400-kilometer rail line, a steel plant and a sea port in Cambodia worth a combined $11.2 billion in what would be by far the impoverished country’s biggest-ever investments, Reuters reported.

Cambodia Iron and Steel Mining Industry Group has contracted the China Railway Group to build a railway to link a steel facility in northern Preah Vihear province to a port at the southern commercial island of Koh Kong, the company’s chairman said on January 2. The rail link and port would cost $9.6 billion and the steel plant $1.6 billion.

All three projects in Cambodia would start in 2014 and take up to four years to complete.

Cambodia Iron and Steel is a Chinese firm based in Phnom Penh and established in 2006.

The agreement was made on December 31, 2012 and came three days after Sinomach China Perfect Machinery Industry Corp and Cambodian Petrochemical Company announced they would jointly build a $2.3 billion oil refinery, Cambodia’s first, capable of processing 5 million tonnes of crude a year.

Chinese companies are also set to build a $7 billion, 400-kilometer high-speed rail link through neighbouring Laos and are trying to win contracts to build new lines in Thailand.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply