Friday, 31 December 2010 13:37 DAP NEWS / VIBOL
CAMBODIA, PHNOM PENH, Dec 31, 2010-The Cambodian government and South Korea inked loan agreement on Friday at the ministry of economy of Cambodia with over 18 million US dollar finance to develop Monkol Borei canal in Battambang province.
Deputy prime minister Keat Chhon, and minister of economy said : “We thanked south Korean side that has provided concession loan for us”. It will be used for development of Tahan dam including hydropower dam and flood management, and Komping puy canal in Battambang province,” Keat added.
He said: the government effort is trying to reduce negatively impact from global economic crisis, and poverty reduction. “It will contribute increasing the rice product and agricultural products and also it could irrigate agricultural crops with 17,000 hectares,” Keat stresses.
He added that this is tenth time that South Korea has provided the credit for Cambodian government and in total, it has 268 million dollars..
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