China made a significant financial contribution to Cambodia’s infrastructure

PHNOM PENH: China becomes a key collaborator in accelerating the construction of the nation’s infrastructure. The Beijing government has offered Cambodia financial assistance programs worth billions of dollars.

The construction of 30 roads across Cambodia was made possible thanks in large part to Chinese funding, according to Prime Minister Samdech Akka Moha Sena Padei Techo Hun.

In his speech at the groundbreaking ceremony for the reconstruction and upgrading of the 95.27-kilometer-long National Road No. 41, funded by a concessional loan of about US$67 million from China, in Kampong Speu province this morning, the Cambodian PM said China had so far contributed to the construction of 30 roads of more than 3,000 kilometers long at a total cost of nearly US$2 billion.

Moreover, he continued, at least 3 roads project worth some US$500 million have been being built while 9 significant bridges had been constructed and are under construction throughout Cambodia under this assistance financial.

In the past ten years, Cambodia’s economy has grown significantly. The nation moved into lower-middle-income status in 2015, and it is currently moving toward upper-middle-income status by 2030.

According to The Global Infrastructure Hub estimates, Cambodia needs significant infrastructure investment worth USD28 billion between 2016 and 2040 to maintain its growth.




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