Japan will provide some US$22 million of low-interest loan for Cambodia to
implement the Greater Mekong Power Network Development Project, local media said
Deputy Prime Minister and Minister of Foreign Affairs and International
Cooperation Hor Namhong and Japanese Ambassador Fumiaki Takahashi signed the
exchange of notes here on Friday in presence of Cambodian Prime Minister Hun
According to the notes, the Japan Bank of International Cooperation (JBIC)
will offer the loan at an annual interest rate of 0.01 percent with a payment
period of 40 years.
The loan will serve the construction of two power transmission cables between
Sihanoukville and Kampot, improvement of the kingdom's electricity equipment,
construction of power transmission network among Phnom Penh and its neighboring
provinces and some other projects.
So far, the Japanese government has provided some US$132,519,000 of loans for
the Cambodian government, according to a press release from the Japanese