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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.

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