Logo of Phnom Penh Post newspaper Phnom Penh Post - South Korea to lend $60m for roads, sewerage

South Korea to lend $60m for roads, sewerage

South Korea to lend $60m for roads, sewerage

SEOUL - South Korea agreed Thursday to provide Cambodia with US$60 million in loans to build roads and sewerage systems, the presidential Blue House said.

The agreement was reached at a summit between Cambodian Prime Minister Hun Sen and President Lee Myung-bak.

On top of the loans from its Economic Development Cooperation Fund, South Korea also promised to help develop agriculture, medical services, education and energy in the Kingdom.

The summit was followed by a signing ceremony for memoranda of understanding aimed at boosting economic and technological cooperation.

"The two leaders noted with satisfaction that bilateral ties have significantly improved since the restoration of diplomatic ties in 1997," the Blue House said in a statement following the summit.

Lee asked for support for a joint project to build an industrial park for South Korean firms near Sihanoukville. Hun Sen said his government would consider the request.


  • Government denies claims former Thai PM Yingluck issued Cambodian passport

    Government officials on Thursday denied claims that a Cambodian passport was issued to former Thai Prime Minister Yingluck Shinawatra, who reportedly used it to register a company in Hong Kong. The Hong Kong-based English language South China Morning Post (SCMP) on Wednesday reported Hong Kong

  • Diplomatic passports issued to foreigners to be annulled

    The Ministry of Foreign Affairs and International Cooperation will move to annul diplomatic passports issued to those not born in Cambodia. Analysts say the move may be in relation to reports that former Thai prime minister Yingluck Shinawatra used a Cambodian passport to register as

  • Hun Sen warns Irish MP of EBA ‘mistake’

    Prime Minister Hun Sen on Saturday told former Irish premier Enda Kenny, still a member of the EU nation’s parliament, that the 28-nation bloc should not make a “third mistake” regarding Cambodia by using the preferential Everything But Arms (EBA) agreement to “take 16 million

  • The hairy little heroes saving many lives in rural Cambodia

    IN RURAL Siem Reap province, rats dare to tread where no person will, as these hairy little heroes place their lives on the line each day for the good of the local community. The rodents are the most important members of a special team, leading