Wednesday, September 1, 2010

Cambodia rejects Thai tender of road funds

Tuesday, 31 August 2010
By Cheang Sokha
The Phnom Penh Post

CAMBODIAN officials said yesterday that they would reject US$41.2 million in funding for a road project that Thailand reportedly pledged to resume last week as part of an effort to warm relations between the two countries.

Ministry of Foreign Affairs spokesman Koy Kuong said Cambodia would not accept the loan, as it had already financed the road project independently.

“We have not requested this loan, and we don’t need this money,” Koy Kuong said. “We are using our own budget to construct this road and the project is well under way.”
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