Kingdom, Japan to ink $33.9m grant today

Mar 21st at 22:07
21-03-2013 22:07:48+07:00

Kingdom, Japan to ink $33.9m grant today

Cambodia will sign a $33.9 million grant aid today from the Japanese government to support various small hydropower dam projects, improve a hospital and update resources of a university, according to a press release from the Ministry of Foreign Affairs.

Cambodia’s Foreign Minister Hor Namhong and the Japanese ambassador to Cambodia Yuji Kumamaru will ink the agreements today at the Foreign Ministry, the press release said.

Japan will contribute $14.33 million to improve the Referral Hospital in Preah Sihanouk province, $13.1 million will go to the construction and rehabilitation of some small hydropower plants in the northeastern Ratanakkiri province and $6.47 million will go to improve the facilities and laboratory equipment of the Institute of Technology of Cambodia.

Japan is the largest donor to Cambodia, followed by China.

phnom penh post



NEWS SAME CATEGORY

Million-dollar machine sweetens outlook

Local food producer Ly Ly Food Industry had invested about $1 million for a Chinese-made machine to improve production and food quality as it prepared for the...

Diversify crop exports: official

CAMBODIA needs greater diversification of its exports – especially in the agricultural sector – in order to achieve sustainable economic growth, a senior official...

“2013 action plan” promotes beach tourism

The Ministry of Tourism and the French TV channel TF1 have signed a deal on a “2013 action plan” that will promote Cambodia’s beach tourism.

Motorcycle lease firm to expand market share

Cambodia's first financial leasing company plans to rev up its market share for motorcycle financing from 15 to 45 per cent starting this year.

Ex-Telecom official promoted

Despite damning allegations of corruption and mismanagement under his tenure, Lao Saroeun, the onetime director general of state-owned Telecom Cambodia, has been...

Cambodia's small auto industry likely to expand as AEC looms

The Cambodian automotive industry will expand after the Kingdom’s integration into the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) in...

Mfone workers demand pay

About 300 former employees of bankrupt telco Mfone continued their protest yesterday at the company’s former headquarters, demanding compensation for loss of...

Rubber price falls from 2012

Thanks to seasonal demand, the price of rubber has increased from 2012’s year-end prices. But it was still slightly lower than at this time last year, a...

Waterways may reduce export costs

Cambodia's waterways are significantly underused for the transport of commodities such as rice, and enhanced infrastructure and a review of government fees is...

Rice shipments up165 per cent

Exports of Cambodian milled rice rose sharply during the first four weeks of this year, and traders are optimistic about the demand in Asian markets, particularly...


MOST READ


Back To Top