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

Shangri-La Phnom Penh Sets a New Benchmark in Luxury with $580 Million Investment

A monumental addition to Cambodia’s hospitality landscape, the Shangri-La Phnom Penh Hotel has opened its luxurious doors, marking a significant milestone with its $580 million investment. Situated along the scenic West Bassac River, this five-star establishment features 303 exquisitely designed rooms, offering unrivalled comfort and sophistication. The hotel held its temporary inauguration on 15 December […]

Kambol District Celebrates the Launch of USD 1.4 Million Boeung Thom Water Treatment Plant

In a transformative move to improve access to clean water for Phnom Penh residents, the Cambodian government has inaugurated the Boeung Thom Water Treatment Plant, a USD 1.4 million investment aimed at serving over 3,000 families in the Kambol District. The inauguration ceremony, held on 16 December 2024, was officiated by HE Hem Vandy, Minister […]

Groundbreaking Ceremony for Mekong Key City in Areyaksat Marks a New Era in Cambodian Urban Development

The Cambodian government has officially commenced construction on the ambitious Mekong Key City project, a transformative satellite city spanning over 200 hectares along the eastern bank of the Mekong River. The groundbreaking ceremony, held on 17 December 2024 and presided over by PM Hun Manet, signals the start of a development poised to redefine the […]

Fifty Korean Companies to Invest in Cambodia’s Priority Sectors, Boosting Bilateral Economic Ties

In a landmark development for Cambodia’s economic landscape, fifty companies from the Korean Industrial Confederation (KIAF) have expressed their intention to invest in the country’s priority sectors. This announcement followed a high-level meeting between Cambodian PM Hun Manet and KIAF chairman Marn-Ki Jeong, held on 13 December 2024. The visit was part of a broader […]

Sihanoukville Attracts USD 487 Million in Investment with 48 New Projects

Sihanoukville’s economic transformation is gaining momentum with the Cambodian government approving 48 new investment projects worth USD 487 million. These initiatives, announced by the Investment Promotion Working Group on 3 December 2024, are set to receive special incentives to stimulate local economic growth and business development. The projects comprise 16 initiatives aimed at repurposing stalled […]

Phnom Penh’s New University of Health Sciences Hospital: A Vision for Modern Healthcare Begins Construction

In a landmark development for Cambodia’s healthcare sector, the construction of the University of Health Sciences Hospital has officially commenced, backed by a substantial USD 67 million loan from South Korea. The groundbreaking ceremony, led by PM Hun Manet on 10 December 2024, marks a pivotal moment in enhancing medical services within the nation. Strategically located along the scenic Phnom […]