Japan announces $50 million loan to boost investment in Kingdom

Japan has decided to provide an 8 billion yen (about $50 million) ODA loan to Cambodia to improve the investment environment and attract financing from Japanese firms. Japanese Foreign Affairs Minister Yoko Kamikawa made the announcement during a meeting with Prime Minister Hun Manet in Phnom Penh. Kamikawa expressed Japan's willingness to cooperate in developing Sihanoukville Autonomous Port as a logistics hub and providing support for the Phnom Penh City Transmission and Distribution System Expansion Project. Both parties emphasized the importance of collaboration in various sectors, such as water, digital technology, and cybersecurity. The loan will also fund the rehabilitation of sections of National Road 5 to enhance transportation infrastructure and regional connectivity. The discussions aimed to strengthen economic cooperation and attract more Japanese investments in Cambodia.

Source: Phnom Penh Post (English), 08-07-2024

Link: https://www.phnompenhpost.com/business/japan-announces-50-million-loan-to-boost-investment-in-kingdom