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Cambodia will begin construction of its Chinese-backed $1.7 billion Techo Funan canal this August, Prime Minister Hun Manet said on Thursday, describing the development as a historic project. ... -May 31, 2024 at 02:31 am EDT - MarketScreener
Cambodia will start constructing its Chinese-backed $1.7 billion Techo Funan canal in August. The 180-km canal will connect the Mekong River basin to the Cambodian coast and has generated regional tensions, especially with Vietnam. Despite concerns, the project is expected to benefit 1.6 million Cambodians by enhancing irrigation and reducing reliance on Vietnamese ports.
PHNOM PENH (The Phnom Penh Post/ANN): Projects funded by Chinese concessional loans and grants have reached a total value of over US$3.3bil, according to the Council for the Development of Cambodia (CDC). The funding has resulted in the construction of over 3,000km of roads, with an ongoing request for China to expedite budget allocation for further rehabilitation and repairs.