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Key agreements signed with China on expressway, airport


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Marking the 60th anniversary of diplomatic relations, Cambodia and China signed yesterday multiple agreements, amounting to billions of dollars in concessional loans and reaching consensus on the financing of much-awaited projects like the expressway to Sihanoukville and the new airport in Phnom Penh. The agreements were signed on the occasion of Chinese Prime Minister Li Keqiang state visit to the kingdom to participate in the Lancang-Mekong Cooperation summit.

 

Seven memorandums of understanding (MoUs) were signed, while 10 agreements were inked, including concessional loans for projects related to infrastructure, vocational training, agriculture, electricity and healthcare. Most agreements were made between the Cambodian and the Chinese governments, while some were signed between the Cambodian government and the private sector. A few agreements were also made between parties in the private sector.

 

The total amount of agreements made was not disclosed. One of those agreements clarified the terms under which a new expressway connecting the capital to Sihanoukville will be built.

 

read more http://www.khmertimeskh.com/50101599/key-agreements-signed-china-expressway-airport/

 

 
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-- © Copyright Khmer Times 12/01
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