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CHINA PROVIDES SOFT LOAN FOR CAMBODIA'S ROAD DEVELOPMENT
BEIJING, May 21, 2009 (AsiaPulse via COMTEX) --
China has provided about US$73
million of a concessional loan to Cambodia to build a part of
main road in the northeastern part of the country to develop
that area into a newly potential economic zone, according to
the Xinhua news agency.
The fund will be used for building a 121km-long road, a part
of national road 78 from Stung Treng province to Ratanakiri
province, Xinhua reported, citing 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 in Phnom Penh
on May 19.
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 .
(VNA)
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