Lack of funds delays railway

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