The fund will be used for building a 121km-long road, a part of national road 78 from Stung Treng province to Ratanakiri province, according to the Cambodian Ministry of Economics and Finance.
The road will be used for border-crossing trade activities, transport, and tourism with the neighboring countries in the framework of triangle development in the Great Mekong Sub-region (GMS), Keat Chhon, deputy prime minister and minister of economics and finance, said at the signing ceremony with Chinese Ambassador to Cambodia Zhang Jinfeng.
The project will be contributed to integrate the internal road system in the country and linking the road to regional road networks, he said, adding that it will connect the northeastern part of the country with central Vietnam.
The road is a blood vessel for northeastern areas, Keat Chhon said. He also thanked the Chinese government for its persistent support to Cambodia's social and economic development.
Ambassador Zhang expressed confidence that the road will be sure to help the poverty reduction in Cambodia's northeastern area and to play an important role in promoting the economic development there.
| Editor: Wang Hongjiang |
2 comments:
thank you!!hope the rate are low tho.
The Chinese loans are good for developments, but the loans agreements are very secretive we don't know how high the interest rates are or what China will get in return like some free mining concessions etc.
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