A threat to Kingdom’s FDI

Tokyo: Cambodia needs more than an estimated US$13 billion in infrastructure works by 2020 if the country intends to continue attracting foreign investment, a joint survey by some of the world’s top financial institutions indicated on Wednesday. During a conference held by the Japan International Cooperation Agency and the International Monetary Fund, experts from the two institutions urged Asia’s 16 low-income countries – which need some $358 billion in infrastructure projects by 2020 – to adopt public-private partnerships as a source of infrastructure investment and bank stability. Investment in the Kingdom’s roads, bridges and power facilities will create prime conditions for continued high-level foreign direct investment, experts said. The survey – which drew from JICA, IMF, Asian Development Bank and World Bank data – called for $1.2 billion in infrastructure spending per year in Cambodia, with about half going to new projects and the other half to maintenance…

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