Tuesday, March 16, 2010

Japan To Grant Over US$31 million to Cambodia

Phnom Penh, March 16, 2010 AKP

The Japanese Government will provide up to the amount of ¥2,859,000,000, approximately US$31,800,000, in grant for the implementation of four development projects in Cambodia.

The Exchange of Notes on the extension of the grant aid will be signed here on Mar. 18 by Deputy Prime Minister H.E. Hor Namhong, Minister of Foreign Affairs and International Cooperation, and Japanese Ambassador to Cambodia H.E. Masafumi Kuroki, said a press release of the Cambodian Ministry of Foreign Affairs and International Cooperation on Monday.

According to the press release, of the total amount, ¥239 million will be used for the Construction of Neak Loeung Bridge (detailed design), ¥720 million for the Introduction of Clean Energy by Solar Electricity Generation System, ¥1,000 million for the Improvement of Capabilities to Cope with Natural Disasters Caused by Climate Change, and the rest (¥900 million) for the Forest Preservation Programme.

Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia will preside over the signing ceremony, it added.


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