Friday, August 28, 2009Rasmei Kampuchea newspaper
Translated from Khmer by Socheata
The ministry of Economy and Finance indicated that Thailand provided about $40 million in loan to Cambodia for the restoration of National Road 68 linking Kralanh, Samrong to O’Smach.
Vonsey Visoth, the Cambodian deputy secretary of state of the ministry of Economy and Finance, and Acksiri Buranasiri, Thailand's deputy general director of the Finance Minister, signed an agreement to provide this loan to Cambodia on 27 August 2009, at the ministry of Finance.
Vongsey Visoth indicated, during the signing ceremony, that this Thai loan amounts to 1.4 billion Thai Baths, about $40 million, will be used to restore National Road No. 68 linking Kralanh, Samrong with O’Smach, and that this is a plan to provide mutual economic benefit between the two countries.
He added that the linking of Cambodian northern provinces to Thailand’s Isan (western) provinces will contribute to the increase in land transportation cooperation, the exchange of commercial merchandises and cross-border tourism between the two countries, and furthermore, it is also a strengthening and growth of economic activities in safe transportation regions, and an integration of poor isolated areas, as well as an improvement of the livelihood of people living in this region.
Vonsey Visoth indicated that, including this loan, Thailand has provided 3 development loans to Cambodia, with a total amount of $99 million. The first Thai loan amounts to $21 million and it was geared to the development of National Road 48 (Koh Kong-Sre Ambil), the second loan amounts to $37 million for the planned construction of National Road 67 linking Anlong Veng to Siem Reap. In addition, Thailand also provided a financial aid of $10 million to Cambodia for the restoration of the road linking Choam Sa-ngam to Anlong Veng.
He added that the loan agreement concluded today is another step in the strengthening of the economic cooperation between the two countries through loans geared for infrastructure developments.
Vonsey Visoth, the Cambodian deputy secretary of state of the ministry of Economy and Finance, and Acksiri Buranasiri, Thailand's deputy general director of the Finance Minister, signed an agreement to provide this loan to Cambodia on 27 August 2009, at the ministry of Finance.
Vongsey Visoth indicated, during the signing ceremony, that this Thai loan amounts to 1.4 billion Thai Baths, about $40 million, will be used to restore National Road No. 68 linking Kralanh, Samrong with O’Smach, and that this is a plan to provide mutual economic benefit between the two countries.
He added that the linking of Cambodian northern provinces to Thailand’s Isan (western) provinces will contribute to the increase in land transportation cooperation, the exchange of commercial merchandises and cross-border tourism between the two countries, and furthermore, it is also a strengthening and growth of economic activities in safe transportation regions, and an integration of poor isolated areas, as well as an improvement of the livelihood of people living in this region.
Vonsey Visoth indicated that, including this loan, Thailand has provided 3 development loans to Cambodia, with a total amount of $99 million. The first Thai loan amounts to $21 million and it was geared to the development of National Road 48 (Koh Kong-Sre Ambil), the second loan amounts to $37 million for the planned construction of National Road 67 linking Anlong Veng to Siem Reap. In addition, Thailand also provided a financial aid of $10 million to Cambodia for the restoration of the road linking Choam Sa-ngam to Anlong Veng.
He added that the loan agreement concluded today is another step in the strengthening of the economic cooperation between the two countries through loans geared for infrastructure developments.
10 comments:
Cambodia needs to borrow from even thai and viet. Maybe Laos in the near future! shitttttttt....
Hun Sen and his Government can't servive if they don't get help from other countries because they are too dumb . Just listen to the way they talk in public you can tell how dumb they are .
Total of $99 Mil will enough for Hun family to spend for their body guards and his young Viet girl.
Maybe he will share our Preah Vihear temple with Siam too.
The leaders are smiling; the people are crying-more loan, more debt. Who's going to pay for this?
Most CPP's supporters aren't consciously realized that the children of Khmer will be repaid the loans 4-ever one generation to the next, after Samdech Hun SenVarman finally gone!
About 90% of the CPP people are not event completed grade school and that including Hun Sen, that is why Cambodia economy had gone down hill.
Over 30 years under CPP government Cambodia still count the poorest country in the world.
i hope they build good, permanent roads all over cambodia. modern infrastructure is one of key in prosperity and ease of living and ease of life. cambodia should understand it better by learning from the world.
that is why when the thai invade preah vihea hun sen afraid to fight back because of the 40 million dollars loan. now i get it.
Hun sen even withdraw troops out, because of this money...$$
Yes, it appears that the loan deal with Thailand that prompted Hun Sen to withdraw troups from the border. The next step would be sell Preah Vihear or Angkor Wat to Thai.
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