Cambodia 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. …