$450 million investment agreement signed [with China]

Saturday, June 2, 2007
Everyday.com.kh
Translated from Khmer by Socheata

On 30 May 2007, the Chinese province of Kwangsi signed an agreement with Cambodia on a plan for 4 investments amounting to $450 million. The 4 investments include:

1. Development of new housing in Sihanoukville
2. Construction of a new oil terminal in Sihanoukville
3. Development of a potato plantation and a potato processing plant
4. Construction of 16-kilometer of BOT (Build/ Operate/ Transfer) highway linking Phnom Penh city and the Phnom Penh international airport.

These 4 investments become effective immediately upon signature of the agreement.