A Change of Guard

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Thursday 4 April 2013

PM preps pen for China [As I said before, Hun Sen goes to China not to enhance ties, but to borrow more money]

Last Updated on 04 April 2013 
Phnom Penh Post
By Vong Sokheng 

The Cambodian and Chinese governments will sign off on more than $100 million in concessional loans, and ink a $1.67 billion memorandum of understanding for a long-planned oil refinery project when Prime Minister Hun Sen visits China this weekend.

Spokesman for the Ministry of Foreign Affairs Koy Kuong said that during the stay officials will sign concessional loan agreements for nearly a dozen national development projects.

“Every visit of Samdach Prime Minister Hun Sen to China always brings back a giant benefit for the nation,” said Kuong.

During the four-day visit that begins Saturday, Hun Sen will meet with China’s newly appointed leaders, President Xi Jinping, Premier Li Keqian and National People’s Congress Standing Committee Chairman Zhang Dejiang. He will also hold a bilateral meeting with his Australian counterpart, Julia Gillard, according to a Foreign Affairs Ministry press release.

Among the projects the governments are expected to sign off on are a concessional loan for the Koh Thom bridge in Kandal, on which construction began last month; a concessional loan for a vocational school in Kratie; and a 300 million yuan ($48.4 million) agreement on “economic and technical co-operation”.


The largest project by far, however, is a five million tonne oil refinery first announced in 2011 but which appeared to have stalled until December 2012, when Cambodian Petrochemical Company and Sinomach China Perfect Machinery Industry Corp jointly unveiled their plans.

Construction on the 80-hectare plant, located in Preah Sihanouk and Kampot provinces, is slated to take a year-and-a-half to complete. When it opens – shortly before Chevron’s off-shore Block A is supposed to begin producing oil – company officials are hopeful it will shift Cambodia to an oil-exporting country.

5 comments:

Anonymous said...

i'm proud of this deal, as khmer

Anonymous said...

Now China can do anything they want in Cambodia. Thanks to the stupid leader by the name of Hun Sen

Anonymous said...

1:55 am, your grand and great grandchildren will work their butts off to repay these debts. Cambodia will be poor for centuries because our grandchildren will have to work to pay Hun Sen's debts, no time, energy or money to develop the country because they have to repay Hun Sen's debts.

Anonymous said...

1:55 am is just another stupid Khmer possibly offspring of stupid survivors of the killing fields or the murderers themselves.The deal will see that - 1.Cambodia will be forever Chinese slave just like the KR working the country to the ground to repay debts, 2.The Chinese will own all of the resources rich land, mined them to the bones to feed their economy, 3.what's left of Cambodia then is devastated/poluted land from the Chinese mining machines that will kill the Khmer population with the toxins - look, the Chinese cannot do the clean up on their land in China - does any one dare to hope the Chinese will do the clean up in Cambodia or Burma??, 4.the CPP will get bigger share of the looted loan money for their stoush in foreign banks - - - - well you must be proud of your ignorant Mr 1:55 am

Anonymous said...

Hun Sen should borrow more money from hanoi to streghten cambodia military against thailand and herhaps eventually against vietnam by opposition party.