Zhang Chuan You, front right,
general manager of Cambodia Iron and Steel Mining Industry Group, shakes
hands with Liu Ziming. front left, chairman of China Railway Major
Bridge Engineering after signing the deal on December 31 to build a
railway and a seaport in Cambodia. Photo: Xinhua
Two Chinese companies have signed an HK$85.26 billion deal to build a new railway, a port and a steel factory in Cambodia.
San Sok Lika, a Cambodian official working with Chinese-owned
Cambodia Iron and Steel Mining Industry, said on Friday that
construction on the projects should begin by July.
The projects include a 400-kilometre rail line which will run from a
steel plant in northern Preah Vihear province to a port in Koh Kong in
Cambodia’s southwest.
A statement issued by the two companies said the deal was signed December 31.
Steel Mining Industry is based in Cambodia’s capital, Phnom Penh. The
other company involved in the project, China Railway Group, is based in
China.
Chinese companies have invested heavily in impoverished Cambodia over
the last decade in projects ranging from hydroelectric dams to
agriculture.
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