South Korea has provided Cambodia with US$120 million in low-interest
loans for four infrastructure projects. Cambodia has 40 years to repay
the loan at an interest rate of 0.01 percent. The money is to help
improve the Siem Reap sewage system, roads in Kampot, bridges
throughout the country and resource development along the Krang Ponley
river. Prior to this loan, Cambodia's debt to South Korea was nearly
US$160 million. The ceremony was attended by Foreign Minister Hor
Namhong, Ambassador Shin Hyun-suk and Prime Minister Hun Sen.