Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - China pledges $280 million in loans

China pledges $280 million in loans

China pledges $280 million in loans

CHINA pledged roughly US$280 million in loans to Cambodia for infrastructure projects during Prime Minister Hun Sen's recent trip to Beijing for the Asia-Europe (ASEM) summit, an official said.

Minister of Foreign Affairs Hor Namhong said that during the meeting between Hun Sen and Chinese Premier Wen Jiabao, China agreed to provide $200 million in loans for the construction of irrigation systems in Battambang province, power transmission lines to Phnom Penh and the repair of a road linking Kampong Thom and Preah Vihear provinces.

He added that China had also agreed to provide another $80 million loan for building a 118km road from Stung Treng province to Banlung, the provincial capital of Ratanakkiri.

"All the overseas missions of Samdech Hun Sen bring back benefits to the country," Hor Namhong told reporters at Phnom Penh International Airport after the prime minister's return. "Currently, China is in the process of studying the projects, and the construction will start as soon as this is finished."

Nam Tum, governor of Kampong Thom province, said that National Road 62 had not been repaired since 1979 and that travellers spent at least six hours traversing its 164 km length. The Ministry of Public Works and Transport had already studied the project but was waiting for money, he said.

"We have to build this road because it links to the border and to Preah Vihear temple," Nam Tum said Monday.

"After it is built, there will be an easy way to tour to the temple."  

China has eclipsed the rest of the international community as Cambodia's biggest foreign donor. 


  • Kak Channthy, Cambodian Space Project frontwoman, killed in crash at 38 [Updated]

    Updated 5:05pm, Tuesday, March 20, 2018 Kak Channthy, frontwoman of popular The Cambodian Space Project, was killed Tuesday morning in a traffic accident in Phnom Penh. She was 38. Channthy, the internationally recognised singer-songwriter also known as “Srey Thy”, was reportedly travelling in a tuk-tuk on the city's

  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of

  • One Australian, one Cambodian killed in explosion at military base

    Updated: 5:20pm, Friday 16 March 2018 An Australian tourist and a Cambodian soldier were killed in an explosion on Thursday afternoon at an army base in Cambodia’s Kampong Speu province. The Australian, whom the government initially identified as a technical demining expert in his 40s, and

  • Peeling back layers of prehistory in Battambang

    When the man passed away, he had not yet reached 50. He belonged to a tribe that had settled near the Sangker River in Battambang province, likely cultivating the fields and raising animals. On the side, they hunted for boars, and even turtles, one of which