China may fund Cambodia-Vietnam rail

13 June 2012
The Phnom Penh Post
Aid and development / Asian Development Bank (ADB) / Banking and financial services / Bilateral development assistance / Chinese aid / Economy and commerce / Infrastructure / Multilateral development assistance / Non-DAC members / Rail / Transport infrastructure and facilities
ADB / ADB loans / Asian Development Bank (ADB) / Cambodia / Chinese government / Funding / loan / Ministry of Public Works and Transportation / Phnom Penh / project / rail line / Va Sim Sorya

Cambodia was in discussions with the Chinese government on funding for a 250-kilometre stretch of rail line between Phnom Penh and Vietnam, in what Cambodian officials yesterday called a move away from a “complicated” Asian Development Bank loan. Va Sim Sorya, director general at the Ministry of Public Works and Transportation, said the government could do without the requirements tagged to ADB loans, and fund the project with up to US$600 million in Chinese backing. …

http://www.phnompenhpost.com/index.php/2012061356758/Business/china-to-fund-cambodia-rail.html