S. Korea Provides US$2bn Loan to Cambodia for Key Infrastructure Development

The Government of the Republic of Korea has provided concessional loans of nearly US$2 billion to build two key infrastructures and boost the overall economy. 

The signing ceremony took place on 9 December with Cambodian Prime Minister Samdech Hun Sen. 

One part of the loan worth US$245,909,000 will be used for the construction of the Cambodia-Korea Friendship Bridge Project (Old Market-Chroy Changvar, Chroy Changvar-Arey Ksat). The project is scheduled for construction in 2023. (Read more)

Meanwhile, another loan worth US$70 million will be used to enhance the power transmission system in Sihanoukville. 

Besides the two projects, South Korea provided a loan of US$1.5 billion for the Economic Development Cooperation Fund for 2022-2026, which will contribute to accelerating economic development and strengthening relations between the two countries. 

- Video Advertisement -

Related Post

Techo International Airport Nears Completion: A New Gateway to Cambodia

In an exciting development for Cambodia’s aviation sector, the Techo International Airport construction project is now over 94% complete, with the total investment reaching nearly USD 1.4 billion. This ambitious project promises to transform the country’s skyways and enhance domestic and international travel connectivity. As of late December 2024, critical infrastructure components, including the Passenger […]

Chinese Company Pledges to Complete Mondulkiri Wind Power Station by 2026

In a significant commitment to renewable energy in Cambodia, HK OASIS Power Energy Development Co., Ltd. has vowed to complete the construction of a 150-megawatt wind power station in Mondulkiri province by 2026. This pledge was made by Mr. Wang Junwei, the company’s representative, during a meeting with HE Chea Vuthy, Secretary General of the […]

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 […]