Showing posts with label National Road 78. Show all posts
Showing posts with label National Road 78. Show all posts

Thursday, November 12, 2009

China to help Cambodia reconstruct national road

STRUNG TRENG, Cambodia, Nov. 12 (Xinhua) -- An inauguration ceremony of reconstruction of Cambodia' National Road 78 was launched on Thursday in Strung Treng province, about 500 km northeast of capital Phnom Penh.

The road will be built by Shanghai Construction (Group) Company with the concession loan from China plus five percent of the Cambodian government's budget.

Prime Minister Hun Sen presided over the ground-breaking ceremony of the reconstruction of the National Road 78 linking O Porng Moan of Stung Treng province to Rattanakiri's provincial town.

Chinese Ambassador to Cambodia Zhang Jinfeng was also present at the ceremony. Zhang said, "This road will contribute to help transport network in northeastern part of Cambodia."

She said, "It will help to reduce the poverty for people, and reduce the gap between city and rural areas," and "it will also push the social and economic development as quickly as possible."

China and Cambodia will continue to strengthen bilateral cooperation in all fields to serve mutual benefit, and through building infrastructures to push Cambodia's economic growth and social development, she said.

The reconstruction of the 121 km-long road portion will last for 40 months and cost 73.3 million U.S. dollars.

"This road will link the economy from the country's northeastern area to central area," said Hun Sen, adding that "In 2010, we will have 11 road construction projects, of them seven are supported by China." "China has played key role in building infrastructure in Cambodia," he said.

On the occasion, Hun Sen expressed profound thanks to the Chinese government and people for their cooperation and financing, saying it not only helps Cambodia's socio-economic development, but also strengthens the Kingdom's political independence.

The prime minister said the loan from China is aiming at ensuring effective economic development and contributes to help reduce poverty for people and China respected Cambodia's decision in using this loan.

"We could note that China has a good habit of saying less and doing more," the prime minister added.

Tuesday, May 19, 2009

China provides preferential loan for Cambodia's road development

PHNOM PENH, May 19 (Xinhua) -- China on Tuesday provided about 73 million U.S. dollars of a concessional loan to Cambodia to build a part of main road in the northeastern part of the country to develop that area into a newly potential economic zone.

The fund will be used for building a 121km-long road, a part of national road 78 from Stung Treng province to Ratanakiri province, according to the Cambodian Ministry of Economics and Finance.

The road will be used for border-crossing trade activities, transport, and tourism with the neighboring countries in the framework of triangle development in the Great Mekong Sub-region (GMS), Keat Chhon, deputy prime minister and minister of economics and finance, said at the signing ceremony with Chinese Ambassador to Cambodia Zhang Jinfeng.

The project will be contributed to integrate the internal road system in the country and linking the road to regional road networks, he said, adding that it will connect the northeastern part of the country with central Vietnam.

The road is a blood vessel for northeastern areas, Keat Chhon said. He also thanked the Chinese government for its persistent support to Cambodia's social and economic development.

Ambassador Zhang expressed confidence that the road will be sure to help the poverty reduction in Cambodia's northeastern area and to play an important role in promoting the economic development there.