Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Railway loan signing

Railway loan signing

THE Asian Development Bank (ADB) and the government is today due to sign a US$42 million supplementary loan agreement for renovation of the Cambodian railway, according to an ADB email late Monday. The deal, set to be overseen by ADB Director General for South East Asia Kunio Senga and Minister for Economy and Finance Keat Chhon, will help repair the Kingdom’s rail network. It is thought to form the second half of ADB’s $84 million commitment to a $141 million rehabilitation project for the Kingdom’s railways. According to previous reports in December, it is hoped Cambodia and Thailand will be linked by rail by 2013. Another proposed 225-kilometre link to Vietnam is subject to a feasibility study being carried out by the China Railway Group. If built, this would be the last section of a continuous line from Singapore to Kunming, the capital of China’s Yunnan province.

0

Comments

Please, login or register to post a comment

Latest Video

ACLEDA’s boss on how tech is changing financial services

In today’s world of fast-changing technology, Cambodia is seeing increasing innovation in financial services.

ACLEDA President In Channy on the key to the bank’s success

Post Khmer Editor-in-Chief Kay Kimsong sat down with Dr In Channy, President and Group Managing Director of ACLEDA Bank Plc, to explore the main principle guiding Cambodia’s biggest bank.

A taste of Phnom Penh's first container night market

At the launch of Phnom Penh's newest market, The Post spoke to customers and stallholders about what the hub of bars, food stalls, shops and live music will add to the city's nightlife.