JAPAN has agreed to provide a loan of US$306 million to Cambodia for the expansion of a new container terminal at the Port of Sihanoukville, reports London's Port Technology.
Cambodian Foreign Minister Prak Sokhonn and Japanese Foreign Minister Hayashi Yoshimasa exchanged notes and related documents on the extension of the loan under the presence of Cambodian Prime Minister, Samdech Techo Hun Sen.
The loan agreement for the project was signed between Cambodia's Economy and Finance Ministry Secretary of State Hem Vanndy and chief representative of the japan International Cooperation Agency Cambodia office, Kamei Haruko.
'This loan will substantially contribute to the expansion and modernisation of the Sihanoukville Autonomous Port and the transformation of the port into a principal deep seaport for Cambodia and in the region in line with the commitment made by the Prime Ministers of the two countries earlier this year,' said a Cambodian Foreign Ministry spokesman.
Located on the Gulf of Thailand, in the southwestern province of Preah Sihanouk, the Sihanoukville Autonomous Port is the only international and commercial deep seaport of Cambodia.
The port made a gross revenue of US$93.2 million in 2021, up 17.6 per cent year on year, according to the Ministry of Public Works and Transport. In total, the port handled 6.9 million tons of containerised cargo last year, up six per cent year on year.
In May, the Cambodian Ministry of Public Works and Transport held a ground-breaking ceremony to mark the start of construction at the new International Multi-Purpose Logistics and Port Centre in the southwestern province of Kampot.
The project is estimated to cost $1.5 billion and will be built on 600 hectares, with a depth of 15 metres to accommodate vessels weighing up to 100,000 tons.
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Cambodian Foreign Minister Prak Sokhonn and Japanese Foreign Minister Hayashi Yoshimasa exchanged notes and related documents on the extension of the loan under the presence of Cambodian Prime Minister, Samdech Techo Hun Sen.
The loan agreement for the project was signed between Cambodia's Economy and Finance Ministry Secretary of State Hem Vanndy and chief representative of the japan International Cooperation Agency Cambodia office, Kamei Haruko.
'This loan will substantially contribute to the expansion and modernisation of the Sihanoukville Autonomous Port and the transformation of the port into a principal deep seaport for Cambodia and in the region in line with the commitment made by the Prime Ministers of the two countries earlier this year,' said a Cambodian Foreign Ministry spokesman.
Located on the Gulf of Thailand, in the southwestern province of Preah Sihanouk, the Sihanoukville Autonomous Port is the only international and commercial deep seaport of Cambodia.
The port made a gross revenue of US$93.2 million in 2021, up 17.6 per cent year on year, according to the Ministry of Public Works and Transport. In total, the port handled 6.9 million tons of containerised cargo last year, up six per cent year on year.
In May, the Cambodian Ministry of Public Works and Transport held a ground-breaking ceremony to mark the start of construction at the new International Multi-Purpose Logistics and Port Centre in the southwestern province of Kampot.
The project is estimated to cost $1.5 billion and will be built on 600 hectares, with a depth of 15 metres to accommodate vessels weighing up to 100,000 tons.
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