Logo of Phnom Penh Post newspaper Phnom Penh Post - South Korea to lend $200 million over three years

South Korea to lend $200 million over three years

South Korea to lend $200 million over three years

Cambodia is set to receive a loan from South Korea for $200 million, which is to be earmarked for rehabilitating several major roadways between 2013 and 2016.

The agreement will be signed by Cambodian Foreign Minister Hor Namhong and South Korean ambassador Kim Han-soo on Wednesday, with Prime Minister Hun Sen serving as a witness.

The loan, from South Korea’s Economic Development Cooperation Fund, will go towards repair work on National Road 2 and National Road 22 as well as the rehabilitation of National Road 48. It will also fund improvement of rural roads in nine provinces.

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