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Chinese Government provides RMB 950 million grant to Cambodia through ETCA for various development projects
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Cambodia |
| Country | Cambodia |
| Start Date | Oct 12, 2020 |
| End Date | May 16, 2026 |
| Duration | 2,042 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 92800 |
Grant Description
On October 12, 2020, Cambodia’s Prime Minister Hun Sen and Chinese Foreign Minister Wang Yi oversaw the signing of the Cambodia-China Free Trade Agreement (CCFTA), and a economic and technical cooperation agreement through which China will provide RMB 950 million or approximately USD 140 million in in free assistance for urgent development projects at the Peace Palace in Phnom Penh.
The grant was to be used for projects in Sihanoukville, including a submarine optical fibre cable to Hong Kong, construction on National Road 71C, rural power transmission lines and to boost rice production and export.
The money will also be used for irrigation and flood protection projects in Kampong Speu province’s Prek Tnaot river and expanding and upgrading National Roads 41, 33, and 31. There are also other unspecified projects likely to be funded by these funds.
Sources & References
- China provides around $140 million in grants for development
- China signs free trade agreement with Cambodia, provides $ 140 million in 'urgent' aid
- Cambodia Signs Free Trade Agreement With China Months After EU Sanctions, ភាគីចិនធ្វើដំណើរមកដល់កម្ពុជាដោយផ្ទាល់ដើម្បីចុះកិច្ចព្រមព្រៀងពាណិជ្ជកម្មសេរី
- 柬中签署合作协议 中国将提供9.5亿元人民币无偿援助, ក្នុងឱកាសឯកឧត្តម ឧបនាយករដ្ឋមន្ត្រី ហោ ណាំហុង ជួបប្រជុំការងារជាមួយឯកឧត្តម វ៉ាង យី ទីប្រឹក្សារដ្ឋ និងជារដ្ឋមន្ត្រីការបរទេសនៃសាធារណរដ្ឋប្រជាមានិតចិន នៅថ្ងៃទី១១ ខែតុលា ២០២០។
- Free Trade Agreement and 3 Other Documents between Cambodia and China Signed Under the Presidency of Samdech Techo Hun Sen and Wang Yi (Video inside) Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
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Government of Cambodia
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