Wednesday, December 31, 2008

$120 million S. Korean loan for infrastructure improvements

29 Dec 2008
By Duong Sokha
Ka-set
Unofficial translation from French by Luc Sâr
Click here to read the article in French
Click here to read the article in Khmer

During a ceremony held on Tuesday 30 December by prime minister Hun Sen, Hor Namhong, the minister of Foreign Affairs, and the South Korean ambassador to Cambodia will sign a $120 million loan agreement provided by the Republic of Korea economic development cooperation funds.

This loan is targeted for supporting 4 projects: building of a waste water filtration station in the Stung Siem Reap, in Siem Reap; the renovation of several roadways including National Roads 31 and 33; the development of water resources in Stung Daun Try and Kaing Ponley, in Battambang province; and finally, for the restoration of several major bridges in Cambodia.

8 comments:

Anonymous said...

cambodia needs a lot of bridges as well as there are many rivers throughout cambodia. good modern infrastructure is one of the key to a sustainable development in cambodia, plus, it helps with the ease of traveling and transporting agricultural goods from the provinces to the cities and vice versa.

Anonymous said...

I strongly agreed with you. I just wanted to see if Hun Sen government using that money to build bridges and road as planned. Cambodia has bowrrowed too much money already and no bodies know when we are can live without bowrrowing and begging from out side. It is too ashamed to see our country keep asking money from them to survive but the goverment people are so richhhh!

Anonymous said...

Folks,
Believe me, 99% will go into those top leaders pocket! and they will beg for more..

Anonymous said...

Who care? As long they spend it, it will created thousands of jobs for Khmer people.

Don't listen to Ah dumb tomato pickers!

Anonymous said...

Yep,
More jobs for your mother..that's right!, now she will has plenty BLOW JOBs..to do for those top leaders...a thousand jobs for your mother!

Anonymous said...

11:12,
Nows your mother will be busy..coz there's alot of dicks for your whore mother to suck...sucky! sucky! me love you long....time!!


11:12, whore mother in SVY PAK...

Anonymous said...

11:12! you should go back to your mama whore-house in SVY PAK bitch! don't stay here...eating tomatos and studying US educations fools! or may be collecting food stamps also...damn!! fucking tricky bastard you!

Anonymous said...

Foreign funds such as these are not given unconditionally. There is a mandated system of bids and oversight in place which ensures that it is spent as intended.