Japan lends Cambodia 90 mln USD for road improvement project
Japan agreed Tuesday to provide a loan package of 90 million U.S. dollars to Cambodia for the improvement of a stretch of the national road No. 5 and two bypasses in northwestern provinces, according to a statement from Japanese Embassy to Cambodia. … The statement said the loan would be used to widen a 47- kilometer stretch of the national road No. 5 between Battambang province and Sri Sophorn town of Banteay Meanchey province and to construct two bypasses in the two provinces. The loan’s interest rate is 0.01 percent per annum with the repayment period of 40 years including 10 years of grace period, it said. …
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