Compass Real Estate > Cambodia Real Estate Information > Editorial > Japan Continues to Grant US$43 Million in Aid and Loans to Cambodia

Japan Continues to Grant US$43 Million in Aid and Loans to Cambodia

2019-02-20
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Summary:Cambodian foreign affairs minister Prak Sokhonn and Ambassador of Japan to Cambodia Horinouchi Hidehisa will sign the exchange notes on the extension of Japanese Government’s support for the implementation of two projects in Cambodia, according to the ministry’s press release issued on Tuesday.

Phnom Penh (FN), Feb. 19 – Cambodian foreign affairs minister Prak Sokhonn and Ambassador of Japan to Cambodia Horinouchi Hidehisa will sign the exchange notes on the extension of Japanese Government’s support for the implementation of two projects in Cambodia, according to the ministry’s press release issued on Tuesday.

“The Japanese Government’s support includes loan up to the amount of JYP 3,599,000,OOO (Approximately USD 31.56 million) for the purpose of the implementation of the West Tonle Sap Irrigation and Drainage Rehabilitation and Improvement Project II; and grant aid up to the amount of JYP 1,340,000,000 (Approximately USD 11.8 million) for the purpose of the implementation of the Project of Development of Port Electric Data Interchange (EDI) System for Port Modernizations,” according to the press release.

“This Loan and Grant Aid package has been extended by the Government of Japan to the Royal Government of Cambodia with a view to further promote the economic and social development of the Kingdom of Cambodia,” the statement added.

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