Aid and development

Bilateral development assistance

Rail Operator Restarts Train Services to Kampot

Toll Royal Railways (TRR), the current operator of Cambodia’s dilapidated rail network, restarted freight services to Kampot province yesterday, four months after it suspended its work. TRR’s resumption comes on the heals of a rival proposal to manage the train network by a consortium that includes one ...

Bank Would Back Firm to Take Over Rail Project

The Asian Development Bank (ADB), which has so far contributed $84 million toward the rehabilitation of Cambodia’s dilapidated railway network, said yesterday it would support a deal to drop the current railway  operator if it means the new concessionaire would foot the $60 to $100 million needed ...

Firm says gold deposit discovered in Mondolkiri

Renaissance Minerals announced Friday it has discovered a high-grade gold deposit in an area in Mondolkiri province that lies within the Australian firm’s Cambodian Gold Project. The new find is located about 500 meters to the northeast of the company’s Okvau exploration zone. The announcement comes ...

Exports to China Fell 10% in First Six Months

Revenues generated from Cambodian exports to China fell by 10 percent in the first half of the year, according to figures released by the Ministry of Commerce last week. About $60 million worth of goods were exported from Cambodia to China between January and June, the ...

S. Korea, Cambodia Agree On Sharing Military Supplies

South Korea and Cambodia have agreed to share military supplies in peacekeeping and rescue operations as part of efforts to expand military ties between the two sides, the defense ministry here said Tuesday. Lee Seon-chul, the head of the South Korean defense ministry’s logistics managment bureau, ...

Loans from China Still Welcome, Hun Sen Says

The Chinese government is considering loaning an unspecified amount of money to cover the cost of constructing 20 new national roads, Prime Minister Hun Sen said yesterday. Speaking at the inauguration of 128-km stretch of National Road 62 linking Kampong Thom and Preah Vihear provinces, also primarily funded by ...

China firm proposes $6.5bn deal

Chinese firms have huge ambitions for Cambodia, with a second firm this week proposing three projects worth an estimated US$6.5 billion to the National Assembly yesterday, but no deadlines were set for the implementation of the projects, according to officials. Pan Xiaoping, chairman of Ruijin Investment Holding Ltd, ...

http://www.phnompenhpost.com/index.php/2012080957898/Business/china-firm-proposes-65bn-deal.html

Cambodia Inaugurates China-funded Road in N Provinces

Cambodia on Wednesday inaugurated a 128-kilometer China-funded national road No. 62 in an effort to boost social and economic development in northern provinces. The road, from Kampong Thom province’s Kampong Svay district to the provincial town of Preah Vihear province, cost about 52 million U.S. dollars ...

http://english.cri.cn/6909/2012/08/08/2821s716012.htm

China giant looks to Kingdom

Shandong Shantui, a Chinese firm and one of the largest manufacturers of heavy construction machinery and largest producer of bulldozers has expressed an interest in investing in Cambodia’s agricultural sectors. General Manager Cheng Zhaohong met with Cambodia’s National Assembly President Heng Samrin yesterday morning to present the company’s ...

http://www.phnompenhpost.com/index.php/2012080757846/Business/china-giant-looks-to-cambodia.html

Philippines and Cambodia in South China Sea row

The Philippines has summoned Cambodia’s ambassador over comments linked to Manila’s territorial row with Beijing. Hos Sereythonh was asked to explain remarks accusing the Philippines and Vietnam of playing “dirty politics” over the issue of Asean and the South China Sea. [H]e did not turn up on ...

http://www.bbc.co.uk/news/world-asia-19073987

ASEAN Post Ministerial Conference Focuses On Mutual Benefits

The ASEAN Post Ministerial Conference (PMC) 10 + 1 Session with 10 ASEAN’s Dialogue Partners, namely, Australia, Canada, China, the European Union (EU), India, Japan, New Zealand, the Republic of Korea, the Russian Federation, and the United States of America were held in Phnom Penh, Cambodia, on 11 July 2012. They focused on cooperation ...

http://thesoutheastasiaweekly.com/

Devillers Departs on Late Night Flight to China

Detained French architect Patrick Henri Devillers boarded a flight to China late last night after being held in custody in Cambodia for more than a month for his links to the biggest political scandal to hit China in decades, a government spokesman said. At Phnom Penh ...

China provides largest loan to Cambodia

China is the largest provider of financial assistance to Cambodia for agriculture and irrigation development in the last three years, Cambodia’s Minister of Finance Keat Chhon said on Tuesday. Since 2010 to date, he said, Cambodia has received a total loan of $561 million and a ...

http://www.chinadaily.com.cn/business/2012-07/17/content_15591814.htm

Did Clinton Draw Parallel With China in Discussing US Aid?

Outlining America’s position on territorial disputes between Asean members and China over the South China Sea, U.S. Secretary of State Hillary Clinton on Thursday also expressed views on a matter a little closer to home: the benefits Cambodia gains from U.S. development assistance. Speaking to reporters ...

Toll Royal to Restart Rail Services Next Month

Less than four months after suspending work on Cambodia’s dilapidated railway network, Toll Royal Railways (TRR), the network’s operator, has informed the government that it will recommence transporting construction materials needed to build the southern line on Aug. 1, company officials said yesterday. The decision to ...

China to join ASEAN sea talks

China may not be in ASEAN, but it’s looking more and more like an honorary member – at least where the South China Sea is concerned. ASEAN foreign ministers yesterday took a significant step towards involving the burgeoning superpower in South China Sea discussions, adopting key ...

http://www.phnompenhpost.com/index.php/2012071057326/National-news/china-joins-sea-talks.html

As European leaders try to save the euro, uncertainty about fallout in Cambodia if they don't succeed

It’s after midnight in Sihanoukville and British teenagers are clogging the walkways, pushing past one another to drain free shots at the bars. In Kep, elderly French tourists sun themselves at the upscale Sailing Club while Spaniards and Germans eye the offerings at Phnom Penh’s Central Market. In spite of the growing fears ...

http://www.etmcambodia.com/blog.php?article=502

European Union Grants $54 Million to Cambodia

The European Union yesterday pledged to support Cambodia with three grants totaling $54 million, including one payment to help bolster the country’s ability to organize its public finances, officials announced at a press conference in Phnom Penh. “The E.U. will continue to support Cambodia with ...

Relocation Woes Persist: Australia

The Australian Embassy conceded that problems have plagued the relocation process of about 160 families moved to Trapeang Anhchanh on the outskirts of Phnom Penh last September. The families were moved for a railway rehabilitation project partially funded by the Australian government’s AusAID. “We agree on the ...

http://www.phnompenhpost.com/index.php/2012062156934/National-news/relocation-woes-australia.html

Railway Evictees Tussle With High Debt Levels

Adding to a growing body of research into the flaws of Cambodia’s $142 million railway rehabilitation project, a report published yesterday said soaring debt levels are crippling families forcibly relocated by the project. In the report by land rights organization Sahmakum Teang Tnaut (STT), researchers tracked ...

China to back Kampot power plant

An unnamed Chinese investor will put nearly US$400 million into a 300-megawatt coal-powered plant in Kampot province, officials said yesterday. The plant, slated for a November groundbreaking, will provide power for the Kampot Special Economic Zone, the nearby Prey Nob oil refinery in Preah Sihanouk province ...

http://www.phnompenhpost.com/index.php/2012061956867/Business/china-to-back-kampot-plant.html

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