Cambodia, Japan To Sign Exchange Notes on Grant Aid and Loan

AKP Phnom Penh, An Exchange of Notes and a Record of Discussions on grant aid and loan will be signed here on Mar. 30, 2017 between the Royal Government of Cambodia and the Government of Japan, said the Ministry of Foreign Affairs and International Cooperation in a press release issued today.

H.E. Prak Sokhonn, Senior Minister, Minister of Foreign Affairs and International Cooperation, and H.E. Horinouchi Hidehisa, Ambassador of Japan to Cambodia, will ink the documents under the witness of Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, it pointed out.

According to the press release, the grant aid and loan will be for the following projects : Grant aid up to the amount of JPY 109,000,000 (approximately US$949,973) for the implementation of the Project for Flood Protection and Drainage Improvement in Phnom Penh Capital City (Phase IV); Grant aid up to the amount of JPY 1,453,000,000 (approximately US$12,660,000) for the implementation of the Project for Improvement of Battambang Provincial Referral Hospital; Loan up to the amount of JPY 11,136,000,000 (approximately US$98,000,000) for the implementation of National Road No. 5 Improvement Project (Battambang-Si Sophon Section II); and Grant aid up to the amount of JPY 3,271,000,000 (approximately US$28,500,000) for the implementation of the Project for Expansion of Water Supply System in Kampong Thom.

Currently, Japan is one of the most important partners of Cambodia and has significantly contributed to the country's economic, social and infrastructure development, said the same source, adding that these projects are expected to improve Cambodia's regional connectivity and to enhance people's well-being with better healthcare, water supply and flood protection.

Source: Agency Kampuchea Press