China to Fund Three More Major Infrastructure Developments in Cambodia

China is planning to sign more agreements funding at least three major infrastructure development projects in Cambodia, including installing submarine optic cables, restoring NR 71C, and the improving rural power transmission line phase 7.

The Chinese government stated the intention during an official meeting between Cambodian Deputy Prime Minister HE Hor Namhong and Councilor and Minister of Foreign Affairs of China HE Wang Yi State on 11 October.

According to the HE Hor Namhong, eight projects will be implemented using loans and grants from the Cambodia-China 2020 package.

Among them, the projects awaiting for both parties to sign the agreements include the Sihanoukville-Hong Kong submarine optic cable project, the construction of NR 71C, the rural power transmission line project phase 7, as well as the rice production and export enhancement project.

Besides these, some others are also being studied, such as the expansion and upgrade of NR 41, NR 33, and NR 31, and the construction of irrigation and flood protection system on the Prek Thnaot River.

HE Wang Yi also said that the Chinese government has also provided grant aid of approximately US$140 million for urgent development projects in Cambodia.

- Video Advertisement -

Related Post

Serei Sophorn Welcomes the New 11 hectares of Landfill

In a significant development to enhance urban environmental management around the Tonle Sap Lake, the government officially inaugurated over 11 hectares of landfill on January 17, 2025. This project, part of the Phase 2 initiative, received support through a concessional loan from the Asian Development Bank (ADB). The landfill in Kangvea village of Sangkat Kampong […]

China Approves Highest & Largest Hydropower Dam in Tibet Worth USD 127 Billion Amid Global Concerns

China has approved the construction of the world’s largest hydropower dam on the lower Yarlung Tsangpo River in Tibet, with an estimated cost of USD 127 billion. The project, poised to generate three times more energy than the Three Gorges Dam, is expected to redefine renewable energy development globally but has raised significant concerns about […]

Cambodia Welcomes 17 New Investment Projects Worth USD 150 Million in January 2025

In an exciting start to the year, Cambodia’s investment landscape is poised for growth as the country received a notable infusion of capital with 17 new investment projects. These initiatives, collectively valued at approximately USD 150 million, were registered during the inaugural “One Window Service Office” (OWSO) meeting for 2025, held on 15 January, chaired […]

Progress Update on Kampong Thom Dam Project: 25% Completion Mark Achieved

Construction on the Kampong Kor Dam is progressing steadily, with 25% of the project now completed. HE Chan Sinath, Secretary of State, provided this update during an inspection of the project on 12 January 2025. During the inspection, HE Chan Sinath outlined the project’s current status, specifying that the dam’s construction has reached 10%, while […]

Cambodia’s Economic Boom: A Game-Changer in 2024

In a bold leap towards unprecedented economic growth, Cambodia has unveiled the approval of 10 new special economic zones, marking a significant milestone in 2024 with investments poised to reach a staggering USD 850 million. This strategic expansion is set to generate approximately 4,000 new jobs, heralding a transformative era for the nation’s economic landscape. […]

WANLI Tire Breaks Ground on New Factory in Svay Rieng, Promising Jobs and Economic Growth

In a move poised to boost Cambodia’s economy significantly, WANLI Tire has officially begun construction on a state-of-the-art tire manufacturing facility in the Sin Bavet Special Economic Zone. The groundbreaking ceremony was led by HE Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, marking a pivotal […]