Japan loans Cambodia over US$300mil to expand Sihanoukville deep-sea port

The loading dock at the Sihanoukville port. - AS MARKETING DEPARTMENT

PHNOM PENH (The Phnom Penh Post/Asia News Network) Cambodia and Japan on Saturday (Aug 6) signed an agreement on a loan amounting to 41,388,000,000 yen (over US$300 million) for implementing the Sihanoukville Port New Container Terminal Expansion Project (I).

The signing of the Exchange of Notes and related documents on the extension of the loan was done by Minister of Foreign Affairs and International Cooperation Prak Sokhonn and his Japanese counterpart Hayashi Yoshimasa at the Peace Palace and presided over by Prime Minister Hun Sen.