Government to prioritise Chroy Changvar – Svay Chrum Bridge with US$700m S. Korea loan

• 13 February 2020
• Local News
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Prime Minister Samdech Hun Sen will prioritise the Chroy Changvar-Svay Chrum bridge by utilising the US$700 million loan recently provided by the South Korean government for 2019-2023.

Samdech Hun Sen announced the plan during the ground-breaking ceremony for the renovation of National Road 2 and 22 on 11 February.

“According to the feasibility study, the bridge linking Chroy Changva to Svay Chrum will only cost around US$40 to US$ 50 million … the South Korean government has agreed to provide us with a US$700 million loan for 2019 to 2023 fiscal years. Thus, there should be no problem to request financial aid for this project,” said Samdech Hun Sen.

“However, it is also our task to select which development projects we want to prioritise, and we would like to make this bridge as the priority,” he added.

Samdech Hun Sen also said that the president of the Korea International Cooperation Agency (KOICA) will visit Cambodia and study the site at the end of February 2020.

In addition to this bridge, Samdech Hun Sen also requested that the South Korean government also consider granting financial aid for the Areiy Ksatr –Kdey Takoy bridge, which is currently undergoing a feasibility study.

Areiy Ksatr and Svay Chrum are currently the high potential areas, which will be soon transformed into a new satellite city, especially after the Chroy Changvar-Svay Chrum becomes a reality. (Read more)

 

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