Logo of Phnom Penh Post newspaper Phnom Penh Post - Japan provides $52M in grants

Japan provides $52M in grants

Content image - Phnom Penh Post
Ambassador of Japan to Cambodia Hidehisa Horinouchi (left) and Minister of Foreign Affairs and International Cooperation Prak Sokhonn agree grants and loans worth some $43 million in February. Heng Chivoan

Japan provides $52M in grants

The Japanese government has provided more than $52 million in grants for Cambodia’s socio-economic development projects so far this year, the Ministry of Foreign Affairs and International Cooperation said.

Speaking at the signing ceremony of a 500-million-yen ($4.62 million) grant on Wednesday with Japanese Ambassador to Cambodia Hidehisa Horinouchi, Minister of Foreign Affairs and International Cooperation Prak Sokhonn said the Kingdom had received $52.76 million in funds from the Japanese government for three projects between January and mid-July.

“Japan is a major donor to Cambodia. Their funds have responded to the government’s prioritised development needs since 1990."

“Both grants and concessional loans have contributed significantly to the socio-economic development policy to help alleviate poverty in Cambodia,” he said.

Two of the projects are the West Tonle Sap Irrigation and Drainage Rehabilitation and Improvement Project II, worth $43.36 million, financing for human resource development and container warehouse construction at Sihanoukville Autonomous Port worth $4.8 million.

The third project, which was signed on Wednesday, was a $4.6 million grant for 15 pieces of construction machinery.

Horinouchi said: “Japanese road reparation tools are specially designed to reduce repair times and make long-lasting roads. I hope these tools will be useful for repairing Cambodia’s roads,” he said.

Affiliated Network for Social Accountability president San Chey noted that most of Japan’s aid to Cambodia has been on physical infrastructure development. However, the Kingdom must implement the projects with transparency.

“We’ve seen that Japan’s aid has helped develop physical infrastructures – such as roads, streets and bridges. The important thing is that Japan brings experts to Cambodia, whose construction is of high quality.”

The ministry said the Japanese government provided Cambodia with around $134 million in development aid last year. Of that, grants amounted to nearly $20 million and concessional loans to more than $114 million.

MOST VIEWED

  • Virus tops 84 with new cases in S’ville

    The Ministry of Health on Sunday night confirmed another 31 cases of coronavirus infections, bringing the Kingdom’s total to 84 and it highest daily tally. There have been no fatalities thus far. The latest cases were found in 29 French tourists and their two Cambodian tour guides

  • Two French tourists latest Covid-19 cases in Kingdom

    The Kingdom on Saturday saw two more cases of coronavirus infections, bringing the total to 53. While the majority of the previous cases are linked to a Muslim religious gathering in Malaysia, the latest cases involved two French tourists visiting Sihanoukville. The Ministry of Health said

  • Kingdom’s virus toll tops 84, Cambodians in Thailand rush home

    The Ministry of Health on Sunday night confirmed another 31 cases of coronavirus infections, bringing the Kingdom’s total to 84 and its highest daily tally. There have been no fatalities thus far. The latest cases were found in 29 French tourists and their two Cambodian tour guides

  • NBC calls for cashless payments

    The National Bank of Cambodia (NBC) has urged government ministries, financial institutions and the public to conduct cashless payments via electronic systems where possible to combat the spread of Covid-19. “To contribute to the prevention of Covid-19, the National Bank of Cambodia encourages financial institutions

  • CEO held for fraud in Siem Reap

    Over 200 individuals gathered in front of the Siem Reap Provincial Court last week to ask that Dim Suonnath, the CEO of a real estate company being held for fraud, take responsibility for compensating some 2,000 residents who invested with him. The request was denied. Suonnath responded

  • Ministry calls for home schooling

    Minister of Education, Youth and Sport, Hang Chuon Naron appealed to parents of students to provide home education in a proper environment and help them obtain more learning materials. The ministry also allowed schools to take a premature vacation after several people tested positive for