Logo of Phnom Penh Post newspaper Phnom Penh Post - PM seeks more Chinese aid

PM seeks more Chinese aid

PM seeks more Chinese aid

090915_04
Prime Minister Hun Sen speaks Monday at a linking ceremony for the Cambodia-China Prek Kdam Friendship Bridge. Cambodia is seeking $600 million from China for similar projects, he said.

Hun Sen announces push to secure up to $600 million in funding for projects including national road upgrades and hydro-projects ahead of a visit in October.

CHINA WILL BE ... RESPONSIBLE FOR BUILDING THE LONGEST ROADS IN CAMBODIA.

The government is negotiating with China to secure funding for infrastructure projects in Cambodia worth $600 million, Prime Minister Hun Sen announced on Monday.

Projects include upgrading 11 national roads and building several hydropower dams. The prime minister said that the length of the road expansion project will total 1,500 kilometres.

“China will be the country responsible for building the longest roads in Cambodia,” he said during a linking celebration at the Cambodia-China Prek Kdam Friendship Bridge.

The bridge, which spans the Tonle Sap River in Kandal province, is replacing a ferry service and should save travellers both time and money, the premier said. It is due to be completed before the Khmer New Year in April 2010.

If the agreement comes to fruition, the prime minister will travel to China to take part in an official signing ceremony in October, he said.

Earlier this year, China’s Prime Minister Wen Jiabao pledged $15 billion in funding for members of the Association of Southeast Asia Nations (ASEAN). Cambodia is asking for $400 million for the road-expansion projects and a further $200 million for hydropower projects.

“Minister of Economy and Finance Keat Chhon had already submitted the proposed plans to China.… China is leading in the development of infrastructures and hydro-projects in Cambodia,” Hun Sen told a crowd of hundreds on Monday.

In 2007, China pledged around $600 million to Cambodia for the construction of two bridges – Prek Kdam and Prek Tamak – as well as National Road 8 and the road that connects Kratie province with Mondulkiri province.

Cambodia has so far spent a total of $6.7 billion of Chinese capital, including $1.4 billion on infrastructure, $4 billion on tourism and about $300 million on agriculture.

MOST VIEWED

  • Stock photo agencies cash in on Khmer Rouge tragedy
    Stock-photo companies selling images from S-21 raises ethics concerns

    A woman with short-cropped hair stares directly into the camera, her head cocked slightly to the side. On her lap is a sleeping infant just barely in the frame. The woman was the wife of a Khmer Rouge officer who fell out of favour, and

  • Defence Ministry denies weapons in smuggling case came from Cambodia

    After a Thai national was arrested last week for allegedly smuggling guns from Cambodia to Thailand, Cambodia's Defence Ministry has claimed the weapons seized during the arrest are not used in Cambodia, despite the fact that both types of rifle seized are commonly found in

  • Prime Minister: Take back islands from inactive developers

    The government will “take back” land on roughly 30 islands from private companies that have not made progress on planned developments, Prime Minister Hun Sen said in a speech on Monday that also targeted land-grabbing villagers and idle provincial governors. Speaking at the inauguration of the

  • Land on capital’s riverfront is opened up for investment

    The government has signed off on a proposal to designate more than 9 hectares of land along Phnom Penh’s riverfront as state-private land, opening it up for private investment or long-term leasing. The 9.25-hectare stretch of riverfront from the capital’s Night Market to the