China extends 140 mln USD grant aid on Cambodia’s development projects
China has extended 140 million USD worth of grant aid on Cambodia’s urgent development projects, freshnewsasia.com cited a Facebook post of Cambodian Deputy Prime Minister Hor Namhong as saying.
Cambodian Deputy Prime Minister Hor Namhong receives Chinese State Councilor and Minister of Foreign Affairs Wang Yi (Source: http://m.en.freshnewsasia.com/)Phnom Penh (VNA) – China has extended 140 million USD worth of grant aid on Cambodia’s urgent development projects, freshnewsasia.com cited a Facebook post of Cambodian Deputy Prime Minister Hor Namhong as saying.
Hor Namhong, who is also Co-chair of the Cambodia-China Intergovernmental Coordination Committee, hosted a reception for visiting Chinese State Councilor and Minister of Foreign Affairs Wang Yi at Sofitel Hotel Phnom Penh on October 11 evening during which the Chinese side announced the aid to implement Cambodia’s top priority projects in 2020.
The two sides will sign agreements on establishing undersea fiber-optic communications cable connecting the southern Cambodian city of Sihanoukville and China’s Hong Kong; constructing national road 71C; rural power transmission line phase VII; rice productions and exports project.
The projects that are being prepared include building irrigation and flood protection system of Stung Prek Tnoat; expanding and upgrading national road 41, 33 and 31.
According to Deputy PM Hor Namhong, Cambodia has requested China to solve the remaining issues so that Cambodia could export 400,000 tonnes of rice to China.
During the first half of 2020, Cambodia exported almost 150,000 tonnes of rice to China, said Cambodia Rice Federation President Song Saran.
The Chinese side also agreed to import more of Cambodia’s agricultural products, including banana, mango, cassava, cashew nut, pepper, durian, sugar, and longan.
Minister Wang Yi is currently on the Southeast Asia tour of Cambodia, Malaysia, Laos, and Thailand from October 11-15./.
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