Friday, May 09, 2008

Cambodia seeks US$500 million for Vietnam rail link

Friday, 09 May 2008
By Soun Sophalmony
The Mekong Times

Cambodia is seeking US$500 million in loans or aid to construct a 255 km rail link to Vietnam, though China has already pledged 20 million Yuan (around US$2.8 million) to the project.

Sun Chanthol, minister of Public Works and Transport, said in an interview with The Mekong Times that his ministry has asked China, India and other Asian countries to contribute towards the plan.

“The ministry is cooperating with China to push for an in-depth study on the project, while Wen Jiabao, Chinese Prime Minister, has pledged 20 million Yuan to Cambodia for the construction of this railroad,” he said at the ministry’s annual conference.

“The ministry has finished its negotiation on the point for linking the railroad and will sign a Memorandum of Understanding on the point with Vietnam,” he said, adding that Vietnam’s vice minister of transport will come to Cambodia soon to sign the agreement.

Prime Minister Hun Sen said yesterday at the conference that the nation needs 10-15 years to develop road infrastructure in tandem with the rail link, which is expected to be finished by 2020.

Cambodia earlier this year started a major rail restoration project which will rebuild the existing Phnom Penh to Sihanoukville and from Phnom Penh to Poipet lines.

The project was initialized by the Asian Development Bank but has been supplemented by a donation of used rail track from Malaysia.

Trinh Ba Kim, Vietnamese Embassy spokesman, could not be reached for the comment.

5 comments:

Anonymous said...

Hun Sen must reduce corruption among the rotten CPP officials at all levels, reduce the number of Parasites advisors and Parasites secretarires and under Secretaries, before seeking Aids from foreign Countries.

Anonymous said...

Why Cambodian government still needs loan from foreign countires hwile íts econmy is two digit increased? Government is happy to seek loan for the nnext generation to pay off.

Anonymous said...

gov't must seek loan to rehabilitate the country's infrastructure. don't worry about the next generation have to pay the debt or something like that. there must be gov't accountability and transparency when given the loan to cambodia. cambodia has to be developed. well, the opposition party can drill the gov't to make it is doing the right thing with responsibility, accountability and transparency, etc.

Anonymous said...

Too much money. Workers get so little, why need to much money? Some will go to the officials I'm sure, and the children of Khmer will pay back the loan in the future.

Anonymous said...

The price seems a bit high; that is roughly 2 millions usd/km. I wonder what type of track we are getting for it?