Xi Jinping Provides US$44m for Cambodian Railway Project

• webmaster@construction-property.com
• 10 February 2023
• Local News
• 2872 Views

Chinese President Xi Jinping has announced a grant of 300 million yuan (over US$44 million) to support the Cambodian railway project. 

According to National Television of Cambodia, during the visit of Samdech Prime Minister Hun Sen to China, the President of China thanked Samdech Techo for publicly declaring, “If I do not rely on China, who do I depend on?”. 

In return, the Chinese president provided a 300 million yuan grant for Cambodia to improve the railway project. 

During the meeting, which lasted about one and a half hours, the two countries’ leaders agreed to boost “diamond” cooperation to push the two countries relations to a new high level. 

In terms of rail development, China Road and Bridge Corporation (CRBC) is currently studying the 382-kilometre northern Phnom Penh-Poipet high-speed railway, which is expected to cost more than US$4 billion and take about four years to complete. (Read more)

Meanwhile, Prime Minister Hun Sen has also asked China Metro Group Limited to study two high-speed light rail projects in Phnom Penh and Siem Reap to reduce traffic congestion. (Read more)

• Policy and Strategy
• Road and Infrastructure
• railway