Japan to Provide US$310 Million for Social and Economic Development in Cambodia
AKP Phnom Penh, March 23, 2020 --
Japanese government has decided to provide US$310 million of its official development assistance to Cambodia for economic and social development.
The Exchange of Notes will be signed here at the Peace Palace on Mar. 24 by H.E. Prak Sokhonn, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation and H.E. Mikami Masahiro, Japanese Ambassador to Cambodia.
Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia will preside over the signing ceremony.
According to a press release issued this morning by the Ministry of Foreign Affairs and International Cooperation, the Exchange of Notes covers the implementation of three grant aid projects and two soft loan projects.
The grand aids are for projects of Expansion of Water Supply System in Takhmao city, Kandal province (approximately US$31 million), Integrated Mine Clearance and Landmine Victim Assistance (approximately US$9 million), and Economic and Social Development Programme (approximately US$2.7 million).
The two soft loan projects are for National Road No. 5 improvement for Thlea Ma’am - Battambang and Sri Sophorn - Poipet section, and for Prek Kdam - Thlea Ma’am Section, with approximately US$161 million and US$106.5 million, respectively.
The grant aid and soft loan assistance extended by the Government of Japan will significantly contribute to promoting the economic and social development of the Kingdom of Cambodia and will further strengthening the bonds of friendship and cooperative between the two nations, underlined the press release.
By Chea Vannak