A Change of Guard

សូមស្តាប់វិទ្យុសង្គ្រោះជាតិ Please read more Khmer news and listen to CNRP Radio at National Rescue Party. សូមស្តាប់វីទ្យុខ្មែរប៉ុស្តិ៍/Khmer Post Radio.
Follow Khmerization on Facebook/តាមដានខ្មែរូបនីយកម្មតាម Facebook: https://www.facebook.com/khmerization.khmerican

Friday 23 November 2012

Hun Sen says China offers $300-$500 mln in loans every year [How it will take Cambodia's next generations to repay Hun Sen's debts to China?]

Chinese Premier Wen Jiabao (2nd L) attends a welcoming ceremony held by Cambodian Prime Minister Hun Sen before their talks in Phnom Penh, Cambodia, Nov. 18, 2012. (Xinhua/Wang Ye)

PHNOM PENH (The Cambodia Herald) - Prime Minister Hun Sen said Thursday that China had pledged between $300 million and $500 million in loans to Cambodia every year.

Speaking at a road opening ceremony in Prey Veng province, he said he signed agreements on grant and loan aid with Chinese Premier Wen Jiabao during his visit to Cambodia ahead of the ASEAN summit earlier this week.

"We talked a lot about our partnership strategy which will continue. Our task continues to be seeking loans from China of between $300 million and $500 million.

"During our talks, the Chinese premier asked us to prepare priorities for 2013 and we have to include plans for at least 400 kilometers of roads every year.”

Among the roads inaugurated Thursday, National Road No 8, a 109-kilometer route from Prek Tamak in Kandal province to Anglong Chrey in Prey Veng, cost $107 million which included a loan of $83 million from China.

No comments: