South Korea grants $200m loan to Cambodia

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.



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

 

 

[caption id="attachment_11945" align="alignleft" width="300"] Cambodia needs an estimates $13 billion for infrastructure up to 2020[/caption] 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...

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.



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