Japan to Provide $236M in Development Aid, Loans

Japan will sign off on $36 million worth of development aid projects in Cambodia next week and provide the government with almost $200 million in concessional loans for infrastructure and hospital improvements, according to a statement released by Cambodia’s Ministry of Foreign Affairs on Thursday.

Foreign Minister Hor Namhong and Japanese Ambassador Yuji Kumamara will ink the deal Monday, according to the statement.

More than half of the aid will cover the implementation of a new project to ease traffic congestion in the capital that is being rolled out by the Japan International Cooperation Agency, while the rest will be used for small hydropower projects in Rattanakiri province and rehabilitating Svay Rieng Provincial Referral Hospital.

The bulk of the $194 million in loans will go toward upgrading National Road 5 between Battambang and Poipet, with $36 million funding the continuing overhaul of Phnom Penh’s drainage system.

Japan has provided Cambodia with more than $2 billion in development assistance since 1992 and remains the country’s biggest donor.

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