[May 21, 2009] CHINA PROVIDES SOFT LOAN FOR CAMBODIA'S ROAD DEVELOPMENT Tweet BEIJING, May 21, 2009 (AsiaPulse via COMTEX) -- China has provided about US$73 million of a concessional loan to Cambodia to build a part of main road in the northeastern part of the country to develop that area into a newly potential economic zone, according to the Xinhua news agency. The fund will be used for building a 121km-long road, a part of national road 78 from Stung Treng province to Ratanakiri province, Xinhua reported, citing the Cambodian Ministry of Economics and Finance. The road will be used for border-crossing trade activities, transport, and tourism with the neighboring countries in the framework of triangle development in the Great Mekong Sub-region (GMS), Keat Chhon, deputy prime minister and minister of economics and finance, said at the signing ceremony with Chinese Ambassador to Cambodia Zhang Jinfeng in Phnom Penh on May 19. The project will be contributed to integrate the internal road system in the country and linking the road to regional road networks, he said, adding that it will connect the northeastern part of the country with central Vietnam . (VNA) [ Back To TMCnet.com's Homepage ]