Friday, March 16, 2007

China is helping Cambodia spend Chinese money, using Chinese-provided services

March 16, 2007
Cambodia holds ceremony for construction of national road No. 8

Cambodian government held ground breaking ceremony on Thursday in Prey Veng for the construction of national road No. 8, which is under preferential buyer's credit loan from China.

The Chinese government is willing to help Cambodia to develop its economy by a variety of approaches, including preferential buyer's credit loan, Chinese Ambassador Zhang Jinfeng said at the ceremony, which was attended by Cambodian Prime Minister Hun Sen and other government officials.

China plays an important role in the construction of Cambodian roads and bridges, Hun Sen said while addressing the ceremony, adding that China's development is beneficial to Cambodia.

At the ceremony, Hun Sen and Zhang Jinfeng operated heavy equipment, such as bulldozer and road roller, for the symbol of the ground breaking of the road construction.

According to the project information, the national road No. 8 from Khsach Kandal to the Cambodia-Vietnam border Anlong Chrey, has a length of 109 km.

The China Eximbank signed an agreement with Cambodian government on Jan. 22 to offer 207 million U.S. dollars of loans to develop Cambodian infrastructure construction, including the construction of the National Road No. 8, the National Road No. 76 and two bridges.

Source: Xinhua

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