During a meeting with the visiting Vice-Minister of the National Development and Reform Commission of China, Zhang Xiaoqiang, Ith Praing said that five Chinese firms have invested total of 1.6 billion U.S. dollars to construct five hydro-electric dams with the total capacity of 915 megawatts in Cambodia.
There are 23 Chinese firms exploring mineral resources such as metallic minerals, titanium, bauxites, and copper in Cambodia, he said, adding that also hundreds of garment factories in Cambodia are invested by Chinese.
“These sectors, especially the investment in hydropower dams, will be much contributed to the long-term development of Cambodia’ s economy,”he said, adding”we have observed that all investments from China are good, all projects are active.”
“For hydro-power dams, all the five dams being constructed are expected to complete on schedule,”he said, adding”and for mineral resources, some have finished their exploration process and now are applying for exploitation license.”
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