Loan Agreement Detail for SHV Port Expansion Phase 1 Signed

Top officials of the Cambodian and Japanese governments have officially signed the exchange of notes and detailed documents regarding the loan agreement for the Sihanoukville port expansion phase 1.

The documents were signed by MFAIC Minister HE Prak Sokhon and Japan’s Minister of Foreign Affairs HAYASHI Yoshimasa on 06 August.

The concessional loan value that appeared in the press release was 41,388,000,000 yen (US$310 million), which is over US$100 million more than the amount reported in March 2019. (Read more

This concession loan will significantly contribute to the expansion and modernisation of the Sihanoukville Autonomous Port and transform it into a key deep-water port for Cambodia and the region.

According to the initial plan, the first phase of construction will begin at the end of 2022 and is scheduled to be completed by the end of 2025 with a length of 350 metres and a water depth of 14.5 metres. (Read  more)

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