Connect with us

Asean

Cambodia opens road building link to Thailand

Published

on

Cambodia’s Prime Minister Hun Sen opened Saturday a road building link to the Thai border in northwestern Cambodia. The 117-kilometer long National Road No. 68, which runs from Kralanh district in Siem Reap province to O’ Smach in Udor Meanchey province, will be completed in two years time.

Hun Sen said the construction and restoration of the road which costs 33 million U.S. dollars will be fully financed by the Royal Government of Cambodia to respond to the people’s actual needs, in spite of the current global financial and economic crisis.

Thailand signed an agreement with Cambodia in August this year to provide loans amounting to some 41 million U.S. dollars for building this road, but Cambodia canceled it late last month, and instead used its own funding.

hun_sen

Hun Sen said the construction and restoration of the road will cost 33 million U.S. dollars

Hun Sen said he had identified the area as an economic pole, among Cambodia’s other poles, as it is favorable for agriculture and tourism development.

“Thus, after the construction of the National Road No. 68 has been completed, this area will become an important and real economic pole in Cambodia,” Hun Sen said.

He added that his government is firmly committed to the restoration and development of all sectors, especially the restoration, maintenance and development of transportation infrastructure which is the prioritized policy of his new fourth-term government beginning from 2008 through 2013.

via Cambodia opens road building link to Thailand_English_Xinhua.

Click to comment

Leave a Reply

Tech

Global fashion e-tailer Shein launches new hub in Singapore

Published

on

Shein has websites for Singapore, Indonesia, Thailand, Vietnam, and the Philippines and has plans to create a standalone website for Malaysia too.

Source link

Continue Reading

Singapore

How Businesses in Singapore can Reduce Overhead Costs During the Pandemic

The government is expected to draw on S$53.7 billion (US$40 billion) from its reserves for this year and an additional S24 billion (US$17.8 billion) over the next three years to assist local companies transition into a post-pandemic business environment.

Published

on

How Businesses in Singapore can Reduce Overhead Costs During the Pandemic

Singapore’s government has provided an array of fiscal and non-fiscal incentives to help businesses reduce their overhead costs during the pandemic.

(more…)
Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,158 other subscribers

Wise

Recent