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Japan to fund two projects worth $43 million

Sen David / Khmer Times Share:
Foreign Affairs Minister Prak Sokhonn and Japan’s Ambassador Hidehisa Horinouchi. DAP

The Foreign Affairs Ministry today said Japan will provide more than $43 million to fund two development projects in the Kingdom.

A ministry press release said Foreign Affairs Minister Prak Sokhonn and Japan’s Ambassador Hidehisa Horinouchi will today sign the Exchange of Notes on the extension of the Japanese government’s support for the two projects.

It said that Japan will provide a loan of about $31.56 million for the implementation of the West Tonle Sap Irrigation and Drainage Rehabilitation and Improvement Project 2.

The statement added that Japan will also provide about $11.8 million in grant aid for the implementation of the Development of Port Electric Data Interchange System for Port Modernisation project.

“This loan and grant aid package have been extended by the government of Japan to the government of Cambodia with a view to further promote the economic and social development of the Kingdom of Cambodia,” the statement said.

In April, Japan officially signed an agreement to provide Cambodia with grants and loans totalling more than $90 million. The funding is for the Phnom Penh City Transmission and Distribution System Expansion project.

Full story in Wednesday’s paper

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