China provides around $140 million in grants for development
Deputy Prime Minister Hor Namhong said that China has provided about $140 million in grants for urgent development projects in the Kingdom.
The grant came as Chinese State Councillor and Foreign Affairs Minister Wang Yi gave a diplomatic note to the Kingdom at a meeting on Sunday with Namhong during his two-day visit to Cambodia.
In a statement yesterday, Namhong said the grant will be used for projects in Sihanoukville, including a submarine optical fibre cable to Hong Kong, construction on National Road 71C, rural power transmission lines and to boost rice production and export.
He said that the money will also be used for irrigation and flood protection projects in Kampong Speu province’s Prek Tnaot river and expanding and upgrading National Roads 41, 33 and 31.
Wang was quoted in Namhong’s statement as saying that after COVID-19, China and Cambodia will develop a joint development plan, adding that China will expand cooperation in other fields.