Japan and Cambodia sign agreement for socio-economic development
The Minister of Foreign Affairs and International Cooperation Prak Sokhonn and the Japanese Ambassador to Cambodia Masahiro Mikami signed an “exchange of notes” and other documents relating to the granting of a Japanese grant and loans to worth approximately $ 72 million for the implementation of six projects.
According to the Foreign Ministry press release of Oct. 11, the six projects relate to water supply, mine action, building materials, cadastral surveys, human resource development and manufacturing.
“[This assistance] is to contribute to the promotion of socio-economic development in Cambodia, âthe ministry said.
Phase II of the Siem Reap Water Supply Expansion Project absorbs most of the funds with a budget of $ 58 million.
The grant also provides $ 12.49 million for the implementation of socio-economic development programs – $ 1.8 million for mine action, $ 2.27 million for construction materials, 2 , $ 27 million for cadastral surveying, $ 3.63 million for human resource development and the remaining $ 4.54 million for manufacturing development.
Sokhonn said during the signing ceremony that this aid is a testament to Japan’s continued support for Cambodia despite the Covid-19 pandemic.
âJapan is supporting Cambodia in the fight against Covid-19 through the provision of loans, grants and vaccines, and these charitable donations reflect the close ties and cooperation between our two countries. Japan has also contributed to Cambodia’s national vaccination campaign, âhe said.
Sokhonn also noted that Japan was an active architect of the Cambodia peace process and has made significant contributions over the years to rebuilding the country after decades of war and devastation.
âThe Cambodian people will always cherish the generosity of the Japanese people,â Sokhonn said.
The Japanese Embassy said in a separate press release on October 11 that in response to a request from the Cambodian government – and with a view to strengthening friendly and cooperative relations between the two countries – the Japanese government has decided to ‘expand its direct loans, also known as âODA yen loansâ in Cambodia.
âPhase II of the Siem Reap water supply extension project with a water treatment plant with a capacity of 60,000 cubic meters per day and 200 km of water distribution pipes will continue to develop. ” be developed in Siem Reap after the success of phase I.
“These cooperation projects are expected to contribute to the future development of Cambodia in each respective sector as well as to mutual understanding and building friendly relations between Japan and Cambodia,” the embassy said.