China, Cambodia sign multi billion dollar investment projects in Cambodia

Cambodia and China on Thursday signed 19 agreements on investment projects in Cambodia.These agreements include a Memorandum of Understanding on the Master Plan for Agricultural Development, Trade, Rice, Technical Training And health promotion profession, concession agreements. In the agreement, there are plans to develop highway infrastructure in Phnom Penh and Sihanoukville, which is more than 200 km away.Minister of Public Works and Transport Sun Chanthol told reporters after a signing ceremony between Hun Sen and Li Keqiang that China will invest 2,000 Millions of dollars to build the highway will start in 2018, which will last approximately 44 months. In addition, the two sides agreed to implement a memorandum of understanding on effective tourism cooperation in 2017-2020 to achieve tourism destinations. China to 2 million Cambodians in 2020. Foreign Ministry officials confirmed that Cambodia and China's trade volume would reach $ 6 billion by 2020.

Although Cambodian and Chinese officials have signed publicly, the officials did not disclose the size of the 19 agreements. No. The agreement between Cambodia and China coincides with Cambodia's departure from the Western Community.