PHNOM PENH, Aug 26 (Bernama) -- Trade ministers from Cambodia, Laos and Vietnam are to meet next month to discuss funding plans for a huge development zone straddling the three countries, China's Xinhua news agency said quoting a report in a local newspaper, the Phnom Penh Post, Tuesday.
"It's a huge national development plan," said Bou Lam, deputy governor of Cambodia's Ratanakkiri province.
"We don't have much substantial investment here to capitalize on our rich natural environment," he was quoted as saying.
He said that the project would also generate much-needed jobs in the province.
"If all these projects are completed, I believe the northern provinces will become much less isolated from the rest of the country," he said.
The Japan Asean Integration Fund granted US$20 million during a meeting last year in Phnom Penh to finance development projects in 10 provinces contained by the Cambodia- Laos-Vietnam Development Triangle (CLV) zone, the newspaper said, adding that the ministers are to be tasked with disbursing the money.
Cambodia and Laos are to each receive US$7.5 million, and Vietnam is to get US$3.5 million, it said.
An additional US$1.5 million will be used to study new road links within the CLV zone, it added.
"It's a huge national development plan," said Bou Lam, deputy governor of Cambodia's Ratanakkiri province.
"We don't have much substantial investment here to capitalize on our rich natural environment," he was quoted as saying.
He said that the project would also generate much-needed jobs in the province.
"If all these projects are completed, I believe the northern provinces will become much less isolated from the rest of the country," he said.
The Japan Asean Integration Fund granted US$20 million during a meeting last year in Phnom Penh to finance development projects in 10 provinces contained by the Cambodia- Laos-Vietnam Development Triangle (CLV) zone, the newspaper said, adding that the ministers are to be tasked with disbursing the money.
Cambodia and Laos are to each receive US$7.5 million, and Vietnam is to get US$3.5 million, it said.
An additional US$1.5 million will be used to study new road links within the CLV zone, it added.
5 comments:
Go, go, go, and the CPP will ruled forever!
Hun Sen should get smarter ministers and find new market for Cambodian's products. We don't get rich by doing business with the Youn, they are poor.
The Cambodian embassy abroad must work to promote Khmer products, they are not there to party.
So Hun Sen go get new market.
fORGETED DUDE 10:36pm you want me tot my PHD?
it is not fair to benefit only vietnam. all borders development must benefit cambodia as well as any other! as a khmer person, i hate to see cambodia being left out in the cold!
WE need to really watch out for this!! I concdern about the wild life in the area. also the youn and loas immigrant.
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