PHNOM PENH, Feb 2 (Reuters) - Cambodia will spend $310 million of mostly Chinese money on improving irrigation systems to boost rice exports over the next two years, Prime Minister Hun Sen said on Tuesday.
Cambodia, which is forecast to export as much as 700,000 tonnes of unmilled rice this year, had the potential to produce bigger yields, but still needed more funding to upgrade its irrigation systems, Hun Sen said.
According to the U.S. Department of Agriculture, Cambodia exported 500,000 tonnes of rice in 2008, a figure dwarfed by neighbouring Thailand and Vietnam, the world's top two exporters of the grain.
"Cambodia has the ability to export much more unmilled rice than this, many times more," Hun Sen said during the inauguration of a new irrigation system near the capital, Phnom Penh.
"Cambodia's ability to export is high, so we must invest in this sector," he said, adding that he hoped to increase yields from 2.5 tonnes to 4 tonnes per hectare.
In December, Cambodia signed 14 deals worth an estimated $850 million with China, the country's biggest source of foreign investment.
That included $240 million for irrigation projects, but Hun Sen said even more was needed from its ally, which has pumped more than $4.3 billion into the impoverished nation.
"I would like to send a message (to China). Cambodia doesn't just need the $240 million, Cambodia needs more than this," he said.
Cambodia, which is forecast to export as much as 700,000 tonnes of unmilled rice this year, had the potential to produce bigger yields, but still needed more funding to upgrade its irrigation systems, Hun Sen said.
According to the U.S. Department of Agriculture, Cambodia exported 500,000 tonnes of rice in 2008, a figure dwarfed by neighbouring Thailand and Vietnam, the world's top two exporters of the grain.
"Cambodia has the ability to export much more unmilled rice than this, many times more," Hun Sen said during the inauguration of a new irrigation system near the capital, Phnom Penh.
"Cambodia's ability to export is high, so we must invest in this sector," he said, adding that he hoped to increase yields from 2.5 tonnes to 4 tonnes per hectare.
In December, Cambodia signed 14 deals worth an estimated $850 million with China, the country's biggest source of foreign investment.
That included $240 million for irrigation projects, but Hun Sen said even more was needed from its ally, which has pumped more than $4.3 billion into the impoverished nation.
"I would like to send a message (to China). Cambodia doesn't just need the $240 million, Cambodia needs more than this," he said.
7 comments:
Vietnam and Thai are like flies that love trash and rotten stinky objects. The more we clean ourselves the better we can stop flies from causing trouble to us.
Who ever wrote the sentence above! I love it so much I can not stop posting it as my own thought! Sorry and thank you guy!
5:16 AM
Anonymous said...
Hun Sen Government never wanted to jail Sam Rainsy or othe MP! Why they need to do thos thing then?
If you can look back to Vietname war and you put it in Hun sen version! It's been called " HIT AND RUN TACTIC" .
they hit as hard but without commited to get caught, responsible but they do achive a great phychological damage to the one they call enemy!
In case of Cambodia now a day! the just want to suppress Cambodia to stand for their right and democracy!
The strong massage is you do thing CPP do not like you go to jail! if any body ( Iternational Community ) help you you are already a wef day in jail boys!
The Hun Sen govrnment the new kind of communis, dictatorship will go along way with this guarila tactic!
Cambodian will suffereng forever !
I HOPE LIGHTNING WOULD STRIKE HUN SEN AND TUGS JUST LIKE WHAT IT DID TO HOK LANDY!!!!!!
5:22 AM
Anonymous said...
Hun Sen should be called Hanoi'-mofo ( motherfucker )
i told you before, cambodia waits for no one! god bless cambodia.
oh, by the way, good vision by my prime minister to mention cambodia needs to build more irrigation canals, etc, to facilitate its huge potential in agroculture and so forth. may god help and bless all of cambodia and khmer people forever.
yes, cambodia is never lack water for irrigation, etc, we just lack of technological know-how like israel and other developing nations out there, really. i'm sure even those nations that have visited cambodia for study, etc can see that, too, really!
It is a well worth the investment. Finally, the government realized the importance of Cambodia main cultivation.
Where is the slimy shitty viet?
Is it dead in that public toilet?
This shitty toilet viet is a skinny pale blob of slimy toilet germ. It can take all the shit anyone can shit on it. Take it shitty viet. Take it. Come back and get much more it's all yours, stinky.
Thanks, China for all of their help toward Cambodia, whatever it take to rebuild Cambodia, i'm really please with China....don't be like a Stingy fucken US!!
sorry i don't have comment, but i have question on the new development on improving irrigation systems to boost rice exports over tne next years, prime minister Hun Sen said on tuesday. which Constuction company that respond on it,......... Can give me the answer
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