Cambodia, Japan Reach a Deal on US$33.9 Million Financial Assistance

image003The Government of Japan has decided to extend its Official Development Assistance (ODA) Grant Aid up to the amount of 3,123 million Yen or some US$33.9 million to Cambodia to support three development projects.

The Exchange of Notes and Record of Discussions on the extension of the grant aid were signed here this morning by H.E. Hor Namhong, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, and H.E. Kumamaru Yuji, Ambassador of Japan to Cambodia.

Of the total amount, some US$14.33 million will be used for the improvement of Preah Sihanouk Province Referral Hospital, US$13.10 million for the construction and rehabilitation of small hydropower plants in Rattanakiri province, and the rest, US$6.47 million, for the improvement of facility and laboratory equipment in the Institute of Technology of Cambodia.

The three grant projects are expected to contribute to the social and economic development for the people of Cambodia and to further strengthen the close and friendly relations between Japan and Cambodia, said H.E. Kumamaru Yuji at the signing ceremony.

For his part, H.E. Hor Namhong expressed profound thanks to the Royal Government of Japan and its people for the financial assistance, saying that it will contribute to the development efforts of the Royal Government of Cambodia.

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