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.
Contact PhnomPenh Post for full article
Post Media Co LtdThe Elements Condominium, Level 7
Hun Sen Boulevard
Phum Tuol Roka III
Sangkat Chak Angre Krom, Khan Meanchey
12353 Phnom Penh
Cambodia
Telegram: 092 555 741
Email: [email protected]