Saturday, June 02, 2007

$450 million investment agreement signed [with China]

Saturday, June 2, 2007
Everyday.com.kh
Translated from Khmer by Socheata

On 30 May 2007, the Chinese province of Kwangsi signed an agreement with Cambodia on a plan for 4 investments amounting to $450 million. The 4 investments include:
  1. Development of new housing in Sihanoukville
  2. Construction of a new oil terminal in Sihanoukville
  3. Development of a potato plantation and a potato processing plant
  4. Construction of 16-kilometer of BOT (Build/ Operate/ Transfer) highway linking Phnom Penh city and the Phnom Penh international airport.
These 4 investments become effective immediately upon signature of the agreement.

7 comments:

  1. Anonymous3:33 PM

    Excellent news, I hope we can
    signed it quickly and get the show
    on the road. Yes! jobs, jobs, jobs,
    are here, Yahooo!!!

    Thank you all,

    Five more years!
    Five more years!
    Five more years!

    We want Hun Sen!
    We want Hun Sen!
    We want Hun Sen!
    .
    .
    .

    ReplyDelete
  2. Anonymous7:12 PM

    We have to be careful also, Chineses, they invest differently than others. They bring their products, generally not so high quality. But, worse, they bring their laborers and their knowledge without any trasfer of knowledge, know how to Cambodia.
    If they come to invest, they are supposed to help Cambodians to get knowledge. Most, of the time that specialists have observed in Africa, the factories invested by China is just like a chinese village in the middle Africa, local peoples profit almost nothing from the so-called INVESTMENT and COOPERATION.

    Just to share to improve dialogue and knowledge of our Cambodian peoples who are the old among nations on earth. We used to being a civilized group of people. Let our actions of solidarity be the top of all so that our nation will last for thousands of thousand of years.

    Nak Angkor
    Phnom Penh

    ReplyDelete
  3. Anonymous7:29 PM

    Political parties will be competed in the election 2008 :


    - SRP ( Sam Rainsy Party )
    - CPP ( Communist Pro youn Party )
    - HRP ( Human Rights Party )
    - NRP ( Norodom Ranaridh Party )

    SRP lead by S.E. Sam Rainsy
    CPP lead by ah Hun Sen
    HRP lead by Mr Kem Sokha
    NRP lead by prince Norodom Ranaridh

    ReplyDelete
  4. Anonymous8:43 PM

    It does worry me and some Khmers. It has recently brought to the attention of people over the world that majority of Chinese investment companies are under the control of Chinese Government, who manipulates their investment for their political purposes. Keep watching them carefully is a better idea.

    ReplyDelete
  5. Anonymous1:14 AM

    Wrong, the main objective of
    Chinese investments is to help the
    thirdworld coountries to enter
    world market competition to lower
    the price of goods for Chinese
    people and everyone. This is much
    more effective than the corrupted
    UN sending cracked pots like Ah
    Ghai to bark at poor governments.

    ReplyDelete
  6. Anonymous9:13 AM

    I think Chinese investments in Cambodia profit both Cambodia and China. We must not have prejudice toward foreigners. Accept what is beneficial to our people.

    ReplyDelete
  7. Anonymous9:20 AM

    That's right, and we don't want
    no one here to take a loss. it must
    be mutual benefit. But nonetheless,
    some people misplan their
    bussiness and have to go back home
    with empty pocket. I feel so sad
    for them.

    ReplyDelete