Friday, November 5, 2010

Cambodia, China announce 1.6billion dollar deal: officials

China's Wu Bangguo (L) toasts with Cambodian Prime Minister Hun Sen
Thursday, November 04, 2010
AFP

PHNOM PENH — China will inject 1.6 billion dollars into Cambodian infrastructure over five years, officials said Thursday, just days after the US urged the country not to become too dependent on the Asian giant.

"Within the next five years, Cambodia and China will have 23 co-operation projects," government spokesman Khieu Kanharith told reporters after a meeting between China's top legislator Wu Bangguo and the Cambodian Prime Minister, Hun Sen.

Hydropower dams, mining projects, bridges and railway links
would be among the initiatives funded by China between 2010 and 2015, he added.
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