RoK To Provide US$200 Million in Loan to Cambodia from 2013 to 2016

AKP Phnom Penh, July 05, 2013 –

The Government of the Republic of Korea (Rok) will extend US$200 million in loan to Cambodia from 2013 to 2016 to help improving its physical infrastructure, according to a press release from the Cambodian Ministry of Foreign Affairs and International Cooperation issued this morning.

The Framework Arrangement Concerning Loans from Economic Development Cooperation Fund (EDCF) between the Government of RoK and the Royal Government of Cambodia will be signed here on July 10 by Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation H.E. Hor Namhong and Ambassador of RoK to Cambodia H.E. Kim Han-soo, the press release pointed out.

Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, will preside over the signing ceremony, it underlined.

The financial assistance will be used to rehabilitate National Roads No. 2, 22 and 48, develop Dauntri Multipurpose Dam between Battambang and Pursat provinces, and improve rural roads on phase 2 in nine provinces including Kampong Cham, Kampong Thom, Siem Reap, Banteay Meanchey, Battambang, Pursat, Kampong Chhnang, Kampong Speu, and Takeo, added the press release.

By C. Nika