China pledges 100 mln USD of loans for Cambodia to build infrastructure
China has pledged to offer 100 million U.S. dollars of preferential loans for Cambodia to build its infrastructure, said Cambodian Deputy Prime Minister Hor Nam Hong here on Monday upon his return from the Philippines.
"The loan from China will be used to build National Road No. 10 from Battambang province to Pailin city and the Takhmao Bridge in Kandal province," said Hor, who is also Minister of Foreign Affairs and International Cooperation.
This finance aims to encourage Cambodia to develop and offer benefits to the rural area, Hor told a press conference at the Phnom Penh International Airport upon his return from the ASEAN ( the Association of Southeast Asian Nations) meetings.
Some of the loans will be dedicated to other road and bridge projects, he said, adding that China made this promise during the ASEAN meetings in Cebu, Philippines, in accordance with the Cambodian government's request made in 2006.
The loans were a follow-up to the 200 million U.S. dollars of aids and loans for Cambodia nodded by Chinese Prime Minister Wen Jiabao in April, 2006, when he paid an official visit to the kingdom. Part of them have been earmarked to Cambodia to build bridges and roads.
Prime Minister Hun Sen also returned from the ASEAN summits on Monday evening.
Source: Xinhua
"The loan from China will be used to build National Road No. 10 from Battambang province to Pailin city and the Takhmao Bridge in Kandal province," said Hor, who is also Minister of Foreign Affairs and International Cooperation.
This finance aims to encourage Cambodia to develop and offer benefits to the rural area, Hor told a press conference at the Phnom Penh International Airport upon his return from the ASEAN ( the Association of Southeast Asian Nations) meetings.
Some of the loans will be dedicated to other road and bridge projects, he said, adding that China made this promise during the ASEAN meetings in Cebu, Philippines, in accordance with the Cambodian government's request made in 2006.
The loans were a follow-up to the 200 million U.S. dollars of aids and loans for Cambodia nodded by Chinese Prime Minister Wen Jiabao in April, 2006, when he paid an official visit to the kingdom. Part of them have been earmarked to Cambodia to build bridges and roads.
Prime Minister Hun Sen also returned from the ASEAN summits on Monday evening.
Source: Xinhua
6 comments:
Yeah, that's right and if you don't
shut the fuck up, the interest rate
will be 10 times the amount.
To 1:00PM
Hey motherfucker!Are you the one who pay the fucken interest??? I thought so!! I ain't worry shit! All the fucken money raked by AH HUN SEN Vietcong slave over the years will be used to pay for the interest and the principal!!!AH HUN SEN Vietcong slave had been known for years to hide his million and million of dollars in the oversea banks including in Vietname!!!!!I remembered when Ferdinan Marco of Phillipine stole the money from the phillipian people over one billion dollars and his wife has over 5,000 pair of shoes!!!!ahahhahhahahhah!
Life is good when you steal from dirt poor people!!!!ahahahhah
Yes, an we love to steal from
Psycho like you to pay for the
interest.
ah chhkae yuon ah runteass banh kandal t'ngay. suck my d*ck
Yeah, I am sure you mother love to
do you and yuon at the same time,
Psyc. . Make her happy, will ya?
i'm surprise at how poor quality are this road ..have you seen the products it alawys poor in quality.
As far as the loan from China 'Cambodia' is borrower, this is how it work.. Hor and Hun Sen get to cash the money...while Cambodia Debts goes up the roof.
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