Japan donates 10.5 mln USD for Cambodia to develop economy

Japan has donated 10.5 millions U.S. dollars to Cambodia to help it construct infrastructure and improve its economic structure adjustment, Deputy Prime Minister Hor Nam Hong said in Phnom Penhon Monday.

"This grant aid will be used for the detailed design of the execution of the project for flood prevention and drainage improvement in Phnom Penh and the improvement of the economic structure adjustment efforts by the Royal Government of Cambodia, said Hor, who is also Minister of Foreign Affairs and International Cooperation.

"The finance can help develop the Cambodian economy and social development," Hor added at a press conference held at his ministry.

Earlier, Hor and Japanese Ambassador Fumiaki Takahashi signed the exchange of notes about the extension of the grant aid in presence of Prime Minister Hun Sen.

Meanwhile, Phnom Penh Governor Ke Chu Tema told reporters that later this year Japan is expected to offer 22 million U.S. dollars for Phnom Penh to build riverbanks, flood prevention facility and drainage system.

Since 1993, Japan has extended more than 142 million U.S. dollars of non-project grant aid to Cambodia to help solve its economic difficulties, according to official statistics.

Source: Xinhua