The Japanese government is set to grant about $4.6 million in aid to Cambodia to support economic and social development in the Kingdom.
According to a Foreign Affairs Ministry statement, Minister Prak Sokhonn and Japanese Ambassador Horinouchi Hidehisa will sign the Exchange of Notes and related documents on the aid, which is valued at 500 million Japanese Yen, or about $4.6 million, in a ceremony tomorrow at the ministry.
“As a key development partner, Japan has been assisting Cambodia in infrastructure development contributing to the improvement of economy and social well-being as well as increased connectivity with other countries in the region,” the statement read.
Ket Sophann, spokesman of the Foreign Affairs Ministry, yesterday said that Japan’s assistance grant is for the purpose of the implementation of the ministry’s Economic and Social Development Programme in Cambodia, which include projects such as road repairs across the Kingdom.
In February, Mr Sokhonn and Ambassador Hidehisa signed an Exchange of Notes on extending support for two development projects in the Kingdom.
The signing ceremony earlier this year for the Japanese funding of more than $43 million was also held at the Ministry and attended by senior officials from various ministries, including Water Resources, Transportation, Economy and Finance, and Japanese embassy officials.
According to the Foreign Affairs Ministry, the Japanese government is providing a loan of up to $31.56 million for the implementation of the West Tonle Sap Irrigation and Drainage Rehabilitation and Improvement Project 2.