Concessional Loan for PP-Bavet Expressway to be Signed in November

• 27 October 2022
• Local News
• 1673 Views

The Phnom Penh-Bavet Expressway concession loan is likely to be signed in November as the Ministry of Public Works and Transport and a Chinese construction company is accelerating the agreement.

The concession loan will be signed during Chinese Premier Li Keqiang’s official visit to Cambodia on 9 November, HE Sun Chanthol, Senior Minister, Minister of Public Works and Transport said at a press conference on 27 October.

“The Ministry of Public Works and Transport is working to complete the negotiations to finalize the concession agreement so that the agreement will be signed during the official visit of the Chinese Premier on 9 November”, he said.

The Inter-Ministerial Commission and China Bridge and Road Corporation (CRBC) on 24 October agreed on a framework agreement to build the Phnom Penh-Bavet Expressway.

• Road and Infrastructure