China Leads in Assistance to Cambodia

17th March, 2012
Xinhua Web Editor: yangyang66

China is the largest donor in infrastructure development assistance to Cambodia, Cambodian Deputy Prime Minister and Finance Minister Keat Chhon (pictured) said Saturday.

"China is the No. 1 donor for infrastructure development here, and Japan comes at the second," he told reporters after opening a regional economic forum.

He said that China's aid on infrastructure is vital for Cambodia to boost its long-term economic growth.

According to the Finance Ministry, since 1992, China has provided a total of 2.1 billion U.S. dollars to Cambodia, mainly for the construction of roads, bridges, and irrigation system.

Of the amount, 125 million U.S. dollars is grant, 152 million U. S. dollars is non-interest loan, and the rest is concessional loan.