Cambodia takes $430m China loan
Cambodia yesterday signed deals for about US$430 million in loans from China, the latest in a number of high-profile borrowing deals with its northern neighbour. The bulk of the loans, from Export-Import Bank of China, would go towards two national road projects and a multipurpose dam in Battambang, according to documents obtained by the Post. An extension on the rehabilitation of National Road 6 alone was set to cost about $250 million. The signing ceremony…generated fierce criticism from the opposition Sam Rainsy Party, which called the borrowing opaque. …
http://www.phnompenhpost.com/index.php/2012061456790/Business/cambodia-takes-430m-china-loan.html
