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China Provides Additional Aid and Loans of US$1.2 Billion to Develop the Cambodian Economy

By: The Mirror Posted: December-23-2009 in
The Mirror

The Mirror, Vol. 13, No. 644

“The government of the People’s Republic of China had decided to provide aid and loans of US$1.2 billion to Cambodia to foster economic and social development.

“The decision to provide aid and loans was made public in the evening of 21 December 2009, during a meeting between officials of the Royal Government of Cambodia led by Samdech Akkak Moha Senapadei Dekchor Hun Sen and the Chinese Vice President, Mr. Xi Jinping [习近平], during his three day visit to Cambodia.

“The spokesperson of the Royal Government, Mr. Khieu Kanharith, spoke to journalists during a press conference, after the signing ceremony on 14 agreements, saying, ‘During this discussion, the Chinese government made public to provide aid and loans of US$1.2 billion to Cambodia, in addition to the US$930 million in loans that China has provided since 1992.’

“In the meantime, 14 agreements were signed by officials of the Royal Government of Cambodia and by officials of the Chinese government, in the presence of the Cambodian Prime Minister and the Chinese Vice President:

1. Exchange note on the construction of a new office building for the Senate
2. Exchange note on the restoration and conservation of a temple in Takeo
3. Agreement about economic and technical cooperation with a grant of Yuan 50 Million [approx. US$7.3 million]
4. Agreement about economic and technical cooperation with a loan of Yuan 50 Million [approx. US$7.3 million]
5. Framework agreement about a concession loan for the construction of National Road 57B
6. Framework agreement about a concession loan for the construction of National Road 59
7. Agreement about a concession loan for the construction of National Road 57B
8. Agreement about a concession loan for the construction of National Road 59
9. Agreement about a general loan for the use of favorable loans for buyers
10. Framework agreement on the provision of communication equipment to the Ministry of Economy and Finance
11. Agreement about favorable loans for buyers for infrastructure at the Kompong Trabaek River in Prey Veng
12. Agreement about favorable loans for buyers at the project to construct the national road from Sen Monorum to Dac Dam in Mondolkiri
13. Agreement about favorable loans for buyers at the project to construct power lines to distribute electricity to areas around Phnom Penh
14. Agreement on transport and infrastructure cooperation

“Mr. Khieu Kanharith added that during that discussions the Chinese vice president raised some points, including the request to increase visits between leaders of the two countries, the promotion of the exchange of political experience, and cooperation to support more Chinese enterprises in Cambodia, and the request for cooperation in the region and internationally.

“Responding to the Chinese vice president, Prime Minister Samdech Hun Sen said that Cambodia asked for the increase of visits at all institutional levels, like at city and at provincial levels, between both countries, and this request was agreed upon by China.

“Also, in the discussion, China promised to foster more tourism exchanges, and to continue to support Cambodia with funds, like though more loans for Cambodia. In the meantime, Prime Minister Samdech Hun Sen asked China to continue to create more exchange scholarships for Cambodian students to go to China.

“The Prime Minister also asked China to help to repair other temples in Cambodia, as there are many more needing preservation, and this request was welcomed by China. The head of the government stressed its position that Cambodia adheres to the One-China Policy, and the Royal Government expressed its gratitude towards China for continuing to support Cambodia, especially now China is also giving care and treating the illnesses of the former Khmer King Norodom Sihanouk.

“Also, China asked the Royal Government of Cambodia to clear unexploded ordnance in the areas where the railroad is to be constructed in Cambodia, and to provide warm cooperation for the Chinese officials in this work. Cambodia responded by agreeing and welcoming the requests of China.

“By now, China is the country that provides the most aid to Cambodia to developing the society and the economy, to reduce the poverty of Cambodian people, and Chinese aid has functioned successfully.” Deum Ampil, Vol.3, #367, 22.12.2009

This article was first published by The Mirror, Vol. 13, No. 644 - Tuesday, 22.12.2009
Have a look at the last editorial - you can access it directly from the main page of The Mirror.

Norbert Klein is the Editor of The Mirror – The Mirror is a daily comprehensive summary and translation of the major Khmer language press - More about The Mirror

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