Lack of funds delays railway

22 April 2014
The Phnom Penh Post
Cities / Economic policy and administration / Economy and commerce / Foreign investors / Infrastructure / Investment / Rail / Roads and bridges / Transport and shipping / Transport and shipping policy and administration / Transport infrastructure and facilities / Urban administration and development
Cambodia Iron Steel Mining Industry Group / China Railway Group / Gulf of Thailand / Li Changjin / Sokhom Pheakavanmony / UDG / Union Development Group

The China Railway Group’s planned $7.5 billion Cambodian north-south railway line has been delayed due to funding shortages, according to the company’s top official. Originally slated to begin construction last year, China Railway’s chairman, Li Changjin, told the South China Morning Post that work on the 400-kilometre railway line was on hold due to funding problems. … Part of a larger $9.6 billion agreement signed between China Railway and the Chinese-owned Cambodia Iron and Steel Mining Industry Group, the railway is to connect a steel factory to be built in Preah Vihear province in the north to a new port in Koh Kong province on the gulf of Thailand in the south. …

 Daniel de Carteret
http://www.phnompenhpost.com/business/lack-funds-delays-railway