Cambodia, Japan Sign Exchange of Notes Worth Up to US$90 Million

image002The Government of Japan has decided to extend its ODA Yen Loan with a total amount of 8,852 million, approximately equivalent to US$90 million, to the Royal Government of Cambodia (RGC).

The Notes to this effect was exchanged here this morning between Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation H.E. Hor Namhong and H.E. Kumamaru Yuji, Ambassador of Japan to Cambodia, under the presidency of Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen.

The loan will be used for the implementation of the National Road No. 5 Improvement Project (Battambang-Sri Sophorn Section), said a press statement released after the ceremony.

The National Road No. 5 plays an important role for both domestic and international road networks, the Southern Economic Corridor, H.E. Ambassador of Japan said.

This national road connects Phnom Penh with Bangkok and Ho Chi Minh City. This project is to increase the transportation capacity as well as improve the logistics efficiency in the section between Battambang and Sri Sophorn along the National Road No. 5 by refurbishing the existing road and constructing new bypasses in Battambang province and Sri Sophorn city.

The existing road section Battambang-Sri Sophorn (47 kilometers) will be improved by widening the road to 30 kilometers from the centerline to be aligning with the regional standard (4-lanes) with Asphalt Concrete pavement (AC pavement), newly introduced in the road construction in Cambodia, the press statement said.

According to the project, two bypasses will be built – one is Battambang bypass with 23.1 kilometer length running through Thmar Kol district, Battambang city and Sangkae district, and Sri Sophorn bypass with 13.4 kilometer length from Mongkul Borei district to Sri Sophorn city.

This loan extension was made in response to requests from the RGC and with a view to strengthening friendly and cooperative relations between Japan and Cambodia.

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