Logo of Phnom Penh Post newspaper Phnom Penh Post - PM seeks loan for navy repairs

PM seeks loan for navy repairs

PM seeks loan for navy repairs

K UALA LUMPUR-Cambodia may seek a soft loan from Malaysia to pay for the repair of four patrol boats by a Malaysian shipyard, First Prime Minister Prince Norodom Ranariddh said on Aug 20.

Ranariddh said Cambodia's navy had signed a contract with a private firm in Malaysia to refurbish its naval vessels which were used to patrol Cambodian waters to "take care of its natural resources".

"We will need time to pay for this through a soft loan, but we have no answer yet from Malaysia" he said at a media briefing on the second to last day of his five day official visit to Malaysia.

According to the Malaysia's Star newspaper, Malaysia's HLLS Holdings Berhad has begun work on the refurbishing of two of four Royal Cambodian Navy patrol boats at shipyard in the Malaysian state of Penang.

The refurbishing project, expected to cost $3 million for each of the Russian-made patrol boats, is expected to be finished in two years.

Ranariddh said during his visit several memoranda of understanding and agreements were signed between both the Malaysian and Cambodian governments as well private sector firms.

He said Malaysia will send delegations to Cambodia in the near future to set up pilot projects as well as to assist in agriculture science and technology projects.

MOST VIEWED

  • Serious flooding across country

    The Kampong Speu provincial Committee for Disaster Management on Wednesday issued an alert after non-stop heavy rain caused widespread flooding. In Koh Kong province, authorities are working with the disaster committee and the Cambodian Red Cross to assist those affected after more than 350 homes were

  • CNRP points to King in call for vote boycott

    Leaders of the former Cambodia National Rescue Party (CNRP) have taken a new tack in their call for a boycott of the national elections later this month. They are now claiming that the people should follow the King, who is expected to abide by tradition

  • Actress’s NGO takes heat for promoting the ruling party

    An actress’s NGO which participated in an election campaign event contrary to the Law on Association and Non-Governmental Organisations (Lango) has been slammed. Chorn Chanleakena, a celebrity and the president of the Association of Artists Volunteering to Help Society, allegedly led its members in

  • Troop moves ‘won’t worry people’

    Senior officials at the Ministry of Defence and National Police said on Tuesday that riot training provided to the country’s police forces were aimed at preventing unexpected demonstrations and strikes before and after the July 29 national elections. The troop mobilisation, they said, would not