AKP Phnom Penh, May 29, 2014 –
Cambodia and the Republic of Korea will sign the Framework Arrangement on Grand Aid for the year 2014
up to the amount of US$21 million to implement four projects, according to a press release of the Ministry of
Foreign Affairs and International Cooperation (MFA-IC).
The document will be inked on June 2, 2014 by H.E. Hor Namhong, Deputy Prime Minister and Minister of
MFA-IC, and H.E. Kim Han-soo, Ambassador of the Republic of Korea to Cambodia, the press release pointed out.
Of the total fund, US$8 million will be used for the Self-Supporting Rural Development Project with
Saemaul Undong (SMU)’s Participatory Approach, US$2.5 million for the Project for Securities Market
Development in Cambodia, US$5 million for Cambodia Health Sector Support Program (HSSP), and US$5.5
million for the Project for Feasibility Study on Waterway Improvement for Port Logistics Development in
Cambodia, it underlined.
By Khan Sophirom
Cambodia and the Republic of Korea will sign the Framework Arrangement on Grand Aid for the year 2014
up to the amount of US$21 million to implement four projects, according to a press release of the Ministry of
Foreign Affairs and International Cooperation (MFA-IC).
The document will be inked on June 2, 2014 by H.E. Hor Namhong, Deputy Prime Minister and Minister of
MFA-IC, and H.E. Kim Han-soo, Ambassador of the Republic of Korea to Cambodia, the press release pointed out.
Of the total fund, US$8 million will be used for the Self-Supporting Rural Development Project with
Saemaul Undong (SMU)’s Participatory Approach, US$2.5 million for the Project for Securities Market
Development in Cambodia, US$5 million for Cambodia Health Sector Support Program (HSSP), and US$5.5
million for the Project for Feasibility Study on Waterway Improvement for Port Logistics Development in
Cambodia, it underlined.
By Khan Sophirom
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