Firms, gov’t discuss $50m banana farm plan

25 January 2012
The Cambodia Daily
Agricultural production / Agriculture and fishing / Economy and commerce / Investment
Agriculture & Agri-business / Agriculture Minister Chan Sarun / agrobusiness / Australian aid / banana farm / Fauna and Flora International / FFI / foreign investment / Indochina Gateway Capital Limited / Japanese aid / Koh Kong / Peter Costello / Sumifru Corporation / Wildlife Alliance

Plans for a 5,000-hectare banana farming project in Koh Kong province, proposed last year by an Australian and a Japanese company, look set to go ahead, with state news agency Agence Kampuchea Presse (AKP) yesterday reporting that the project would cost $50 million. Last Friday, the presidents of the two firms met with Agriculture Minister Chan Sarun to discuss the investment plan for the project, according to AKP, which reported that the companies intended to grow the bananas for export…