Grants Concessional Loan to Build Tonle Bassac Bridge Connecting Chak Angre Krom & Prek Pra

Cambodia and China have come together to sign a concessional loan agreement for the construction of the grand Tonle Bassac Bridge, creating a vital link between Chak Angre Krom and Prek Pra. This momentous agreement was officially announced through a press release from the Royal Government’s spokesperson on 17 September 2023.

The signing ceremony took place during a four-day official visit by Cambodian PM Hun Manet to China, reinforcing the commitment of both nations to fortify their cooperative endeavours. During this visit, 14 additional cooperation documents were also signed, reflecting the comprehensive nature of the partnership. Notably, these documents included an action plan outlining the path to a shared destiny for Cambodia and China in the new era of 2024-2028.

PM Hun Manet engaged with the presidents of major international Chinese companies, fostering business and economic ties. He also met with representatives from Cambodian-Chinese industrial and commercial enterprises, further promoting economic collaboration.

Adding to the significance of the visit, PM Hun Manet participated in the opening ceremony of the ASEAN-China Expo and the Business, Economic, and Trade Cooperation Summit. This event showcased the region’s growing economic integration and underlined the importance of Cambodia’s role in these developments. Additionally, the summit served as a platform for discussions on the Third Regional Comprehensive Economic Partnership Agreement (RCEP), signalling Cambodia’s active participation in regional economic initiatives.

Highlighting the importance of the Tonle Bassac Bridge project, the Cambodian government intends to construct a steel bridge to connect the Chak Angre Krom and Prek Pra areas, enhancing the convenience of travel for the public. This new bridge will replace the existing steel bridge from Russey Keo, which will be repurposed for temporary use during the construction period. (Read more)

- Video Advertisement -

Related Post

In 2024, Cambodia receives more than 400 investment projects worth USD 6.9 billion

In 2024, the Council for the Development of Cambodia approved 414 investment projects, up from 268 in 2023, or 54%, according to a report released on December 20. The approved investment projects had a total investment capital of USD 6,900 million, up 40% from USD 4,927 million in 2023. Samdech Moha Borvor Thipadei Techo Hun […]

SHV Multi-Purpose Economic Zone Targets USD 20 Billion Investment to Transform the Province

Sihanoukville’s ambitious multi-purpose economic zone development project is set to attract over USD 20 billion in investments from private sector investors and international development partners over the next 15 years. This transformative initiative, championed by the Cambodian government, aims to revitalise the province’s economy, elevate local incomes, and establish Sihanoukville as a leading logistics hub […]

Darasakor International Airport Opens, Ushering in a New Era for Koh Kong Province

Koh Kong Province celebrated a landmark achievement with the inauguration a $200 million Darasakor International Airport on 26 December 202. This state-of-the-art facility invested by the Chinese company Union Development Group spanning 218 hectares in the Botum Sakor district, is poised to transform the region’s connectivity and catalyse economic and tourism growth. The airport’s grand […]

Nearly 19 Hectares of Landfill Inaugurated in Kampong Cham City

A state-of-the-art landfill spanning 18.67 hectares in Koh Roka Village, Koh Roka Commune, Kampong Siem District, Kampong Cham Province, was officially inaugurated on 24 December 2024. This modern garbage disposal site, constructed as part of the Greater Mekong Subregion Corridor Development Project, Phase 4, was funded by a concessional loan from the Asian Development Bank […]

ADB Commits USD 403 Million to Catalyse Cambodia’s Development Across Six Strategic Sectors

The Asian Development Bank (ADB) has approved USD 403 million in loans and grants to support six transformative development projects in Cambodia, focusing on education, gender equality, business, water management, and rural development. This commitment, announced by ADB Country Director Ms Jyotsana Varma during a signing ceremony on 17 December 2024, aligns with the ADB’s […]

61-Kilometre Road Connecting NR No. 4 to Bokor Mountain Completed 7 km of Concrete Pouring

The construction of a new 61-kilometre road linking NR No. 4 to Bokor Mountain has reached a significant milestone, with 7 kilometres of concrete pouring completed as of 19 December 2024. This update was shared by Sokha Real Estate on their official Facebook page that same afternoon, marking steady progress in this transformative infrastructure project. […]