ABC Radio Australia
Australia's former Treasurer Peter Costello left parliament four months ago and now is hard at work in Cambodia. Mr Costello is acting as a financial adviser to an investment fund that's planning a 600-million dollar project. If successful it will be the biggest single foreign investment in Cambodia to date, roughly equalling the total approved investment in the country last year.
Presenter: Karon Snowdon
Speaker: Peter Costello, former Australian treasurer
Listen: Windows Media
SNOWDON: Peter Costello was Australia's longest Treasurer, holding the post for the 11 years of the Howard Government. Mr Costello resigned from Parliament in October having spent two years in opposition after the Liberal party lost the 2007 federal election.
In November he joined the Australian company BKK Partners, which provides financial and corporate advisory services in the Asia Pacific region. His client in Cambodia is Indochina Gateway Capital Limited, which focuses on private equity investments in Cambodia, Laos and Vietnam. Its hoping to develop an agri-business fund to focus on Cambodia's agriculture.
Peter Costello told Steve Finch of the Phnom Penh Post newspaper he's in the country to meet with government officials.
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