Cambodia secures $11bn funding to boost iron exports
Work will start this year on a 400km railway line and a new seaport in Cambodia, with most of the funding coming from Chinese sources.
Cambodia Iron and Steel Mining Industry Group (CISMIG) and China Railway Major Bridge Engineering have signed an agreement to jointly invest US$11.2 million in the projects.
CISMIG is 70 per cent Chinese-owned.
The railway line will cost $9.6 billion to build and will run from Preah Vihear province through Kampong Thom and Kampong Speu to Koh Kong.
Construction of the seaport in Koh Kong will cost $1.6 billion.
It will support the metal and mining industries in Preah Vihear, providing an outlet for exports to China and other markets.
Work on both projects will begin in July and is due to be completed in November 2017.
"Our summer watersports special: surfing artificial waves, racing yachts for sport, superyachts for pleasure and much more besides"
- Lack of consideration for human error behind SpaceShipTwo crash
- New car tax rules to hit low-emission vehicle uptake, says survey
- Nasa developing space exploration drones
- First white laser paves way for new applications
- Contract for London’s first electric bus fleet confirmed
- New method for tweaking properties of graphene
- Test [06:22 pm 20/03/15]
- Test [06:20 pm 20/03/15]
- What to Specialise in Electronics Engineering?? [03:02 am 03/04/14]
- Britain to have just one remaining coal pit by the end of 2015 [01:11 am 03/04/14]
- LV Generator Star point earthing - UK [08:35 pm 02/04/14]