Logo of Phnom Penh Post newspaper Phnom Penh Post - China's Xi to sign 14 economic deals today

China's Xi to sign 14 economic deals today

China's Xi to sign 14 economic deals today

CHINESE Vice President Xi Jinping is expected to sign 14 infrastructure and economic cooperation agreements with Prime Minister Hun Sen today after arriving in Cambodia.

The agreements will include a number of grants and loans, though no details on the total value or the terms were available Sunday.

Qian Hai, a spokesman for the Chinese embassy in Phnom Penh, said only that further details of the agreements, which he said were “mainly about economic cooperation”, would be announced following the signings.

According to a press release last week from Cambodia’s Ministry of Foreign Affairs, Cambodia will receive at least 100 million yuan (US$14.6 million) from the Chinese government through two economic and technical cooperation deals, one involving a $7.3 million grant and the other an interest-free loan of the same value.

Four other agreements related to concessional loans for the construction of National Roads 57B and 59, and another for a credit loan for the construction of National Road 3726 will also be signed, though no value was given.

Another agreement includes a soft loan to build an electricity transmission loop line around Phnom Penh. Again, no details were given, but the $80 million project is being handled by Chinese firm China National Heavy Machinery Co.

Xi’s three-day visit at the head of an official Chinese delegation comes just a day after Cambodia deported 20 ethnic Uighur refugees to China late Saturday.

ADDITIONAL REPORTING BY SEBASTIAN STRANGIO

MOST VIEWED

  • Government hits back at threats to pull EBA, suspend UN seat

    The spokesman for the ruling Cambodian People’s Party (CPP) has said the government is in no way concerned after the European Parliament gave it three months to reverse what it called the “systematic repression of the political opposition”. Ignoring the ultimatum could mean facing

  • Chinese influx pushing locals, Westerners out of Preah Sihanouk

    Some within the Kingdom’s tourism industry have speculated that the recent influx of Chinese visitors may hinder domestic tourism as the price of accommodations in the coastal city of Sihanoukville continues to rise. Preah Sihanouk province, which has become a hotbed for Chinese investment

  • Sar Kheng: Sokha requested security

    Interior Minister Sar Kheng on Sunday revealed the story behind the transfer of former opposition party leader Kem Sokha from Trapaing Phlong prison in Tbong Khmum province to his house in the capital. Speaking at the ruling Cambodian People’s Party (CPP) headquarters in Prey

  • ‘Dire consequences’ from sanctions, warns AmCham

    American businesspeople in Cambodia have warned that any sanction against the Kingdom would have “dire consequences” that could push Cambodia even further into the arms of China. In a letter to US senators and representatives dated Monday, the American Chamber of Commerce Cambodia (AmCham) said