Cambodia takes $430m China loan
June 14th, 2012, The Phnom Penh Post, Borrowing, Construction, Foreign Aid, International Relations, News, Technical AssistanceCambodia yesterday signed deals for about US$430 million in loans from China, the latest in a number of high-profile borrowing deals with its northern neighbour.
The bulk of the loans, from Export-Import Bank of China, would go towards two national road projects and a multipurpose dam in Battambang, according to documents obtained by the Post.
An extension on the rehabilitation of National Road 6 alone was set to cost about $250 million.
The signing ceremony…generated fierce criticism from the opposition Sam Rainsy Party, which called the borrowing opaque. …
Rann Reuy, P. 1
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