Deals With China Inked

22 August 2011
The Phnom Penh Post
Aid and development / Bilateral development assistance / Chinese aid / Economy and commerce / Energy / Energy policy and administration / Generation and distribution facilities / Infrastructure / Non-DAC members / Roads and bridges / Transport and shipping / Transport infrastructure and facilities
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Cambodia agreed to acquire Chinese-made Z-9 helicopters for US$195 million in one of 26 memorandums of understanding agreed by the two countries on Saturday. Cooperation was pledged in sectors such as energy, mining, agriculture and road construction, as well as defense spending and aid. The two-day meeting also saw deals inked involving Cambodian conglomerate Royal Group and the Chinese backers of the controversial Boeung Kak lake development. Led by Politburo Standing Committee member Zhou Yongkang, the Chinese delegation met with Prime Minister Hun Sen on Saturday…Increased cooperation has been lauded by Cambodian officials and some investment groups, but large-scale investments from China have also raised concerns about the mainland’s rising influence in the Kingdom… Cambodian mobile operator CamGSM also signed an agreement to co-ordinate with Chinese telecommunications company Huawei in building Cambodia’s first satellite, according to notes from the meeting… Chinese companies have also shown interest in Cambodia’s agricultural produce, signing four agreements aimed at rice exports to the People’s Republic…Chinese firms also signed deals on irrigation development and building roads in the Kingdom. Experts said yesterday they supported Chinese investment in Cambodia, provided it was properly monitored.

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