CHINA AID
PM to ask China for new loans
Prime Minister Hun Sen announced plans to borrow upwards of US$300 million from the Chinese government during his trip to Beijing later this month. "We need some hundreds of millions ... $300 million is a small amount for China," Hun Sen said during the opening of the fourth Asia Economic Forum in Phnom Penh on Tuesday.
Hun Sen is scheduled to attend the Asia Europe Meeting, which runs October 24 and 25 in Beijing. During the trip Hun Sen will also celebrate retired King Norodom Sihanouk's birthday on October 31. Last year, China provided more than $600 million in loans to Cambodia for the development of its infrastructure.
Contact PhnomPenh Post for full article
Post Media Co LtdThe Elements Condominium, Level 7
Hun Sen Boulevard
Phum Tuol Roka III
Sangkat Chak Angre Krom, Khan Meanchey
12353 Phnom Penh
Cambodia
Telegram: 092 555 741
Email: [email protected]