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Japanese loan for Cambodia to develop Sihanoukville port
THE Japan International Cooperation Agency (JICA) has signed an agreement with Cambodia to provide a loan of JPY23.5 billion (US$215.2 million) for a new container terminal at Sihanoukville, reports Fibre2Fashion.com of Bopal, India.
Sihanoukville is the only deepsea port in the country on the southern economic corridor, a road connecting Ho Chi Minh City, Phnom Penh and Bangkok.
The agreement aims to improve the logistics environment in Cambodia and promote trade, according to a JICA press release. The funds will be allocated to dredging, procurement of cargo-handling equipment, consulting services and the development of container terminal, access roads and marine routes.
The project will increase the container cargo handling capacity at the port, expected to become a logistics transfer hub for ASEAN to 450,000 TEU, one-and-a-half times current capacity.
Since 1999, Japan has provided continuous support for improving the infrastructure and enhancing the management capacity of the port. In June 2017, it acquired equities in the port authority of Sihanoukville.
Sihanoukville is the only deepsea port in the country on the southern economic corridor, a road connecting Ho Chi Minh City, Phnom Penh and Bangkok.
The agreement aims to improve the logistics environment in Cambodia and promote trade, according to a JICA press release. The funds will be allocated to dredging, procurement of cargo-handling equipment, consulting services and the development of container terminal, access roads and marine routes.
The project will increase the container cargo handling capacity at the port, expected to become a logistics transfer hub for ASEAN to 450,000 TEU, one-and-a-half times current capacity.
Since 1999, Japan has provided continuous support for improving the infrastructure and enhancing the management capacity of the port. In June 2017, it acquired equities in the port authority of Sihanoukville.
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