Logo of Phnom Penh Post newspaper Phnom Penh Post - Japan loans Cambodia over $300 million to expand Sihanoukville deep-sea port

Japan loans Cambodia over $300 million to expand Sihanoukville deep-sea port

Content image - Phnom Penh Post
The loading dock at the Sihanoukville port. AS MARKETING DEPARTMENT

Japan loans Cambodia over $300 million to expand Sihanoukville deep-sea port

Cambodia and Japan on August 6 signed an agreement on a loan amounting to 41,388,000,000 yen (over $300 million) for implementing the Sihanoukville Port New Container Terminal Expansion Project (I).

The signing of the Exchange of Notes and related documents on the extension of the loan was done by Minister of Foreign Affairs and International Cooperation Prak Sokhonn and his Japanese counterpart Hayashi Yoshimasa at the Peace Palace and presided over by Prime Minister Hun Sen.

However, the actual loan agreement for the project was signed by Hem Vanndy, secretary of state at the Ministry of Economy and Finance and Kamei Haruko, Chief Representative of the Japan International Cooperation Agency (JICA) Cambodia office, according to the ministry of foreign affairs press release.

“This loan will substantially contribute to the expansion and modernisation of the Sihanoukville Autonomous Port and the transformation of the port into a principal deep-sea port for Cambodia and the region in-line with the commitments made by the prime ministers of the two countries earlier this year,” the foreign affairs ministry said.

MOST VIEWED

  • Wing Bank opens new branch in front of Orkide The Royal along Street 2004

    Wing Bank celebrates first anniversary as commercial bank with launch of brand-new branch. One year since officially launching with a commercial banking licence, Wing Bank on March 14 launched a new branch in front of Orkide The Royal along Street 2004. The launch was presided over by

  • Siem Reap airport to close after new one opens

    After the new Siem Reap-Angkor International Airport (SAI) opens in October, the existing complex serving the northwestern province will be “completely closed”, according to State Secretariat of Civil Aviation (SSCA) spokesman Sin Chansereyvutha. SAI developer Angkor International Airport Investment (Cambodia) Co Ltd (AIAI) last month

  • Girl from Stung Meanchey dump now college grad living in Australia

    After finishing her foundational studies at Trinity College and earning a Bachelor’s degree from the University of Melbourne in 2022, Ron Sophy, a girl who once lived at the Stung Meanchey garbage dump and scavenged for things to sell, is now working at a private

  • Rare plant fetches high prices from Thai, Chinese

    Many types of plants found in Cambodia are used as traditional herbs to treat various diseases, such as giloy or guduchi (Tinospora cordifolia) or aromatic/sand ginger (Kaempferia galangal) or rough cocklebur (Xanthium Strumartium). There is also a plant called coral, which is rarely grown

  • Ministry using ChatGPT AI to ‘ease workload’; Khmer version planned

    The Digital Government Committee is planning to make a Khmer language version of popular artificial intelligence (AI) technology ChatGPT available to the public in the near future, following extensive testing. On March 9, the Ministry of Post and Telecommunications revealed that it has been using the

  • Cambodia returns 15M Covid jabs to China

    Prime Minister Hun Sen said Cambodia will return 15 million doses of Covid-19 vaccines to China for donation to other countries. The vaccines in question were ordered but had not yet arrived in Cambodia. While presiding over the Ministry of Health’s annual meeting held on