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by Cambodia News
on June 23, 2009
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by Cambodia News
on June 23, 2009
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on June 23, 2009
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on June 23, 2009
Cambodia Railway
Posted
by Cambodia News
on June 23, 2009
Hun Sen's reminder: Cambodia needs $500 million to build the railroad line between Cambodia and Vietnam
$500 million needed to link Cambodia to Vietnam?
Cambodia's
Prime Minister Hun Sen speaks at the ground breaking ceremony of a new
railway at Serey Sophon town in Banthey Meachey province, 469km (291
miles) northwest of Phnom Penh, February 18, 2008. Cambodia launched on
Monday a $73 million project for the restoration and reconstruction of
over 600 km of railway track which will become part of the rail
transportation route linking Singapore, Malaysia, Thailand and Vietnam
to Kunming, China. REUTERS/Chor Sokunthea
Railway gets a new life
18 Feb 2008
By Ky Soklim
Cambodge Soir
Translated from French by Luc Sâr
On
Monday morning, the authorities have officially inaugurated the
restoration site for a railroad line. The restoration will involve 552
km of railway, and will cost $73 million. The Asian Development Bank
(ADB), OPEC, Malaysia, and the Cambodian government will finance this
ambitious project.
Seriously damaged by the civil war, railways
in the kingdom will find a new youth. On Monday 18 February, in the
province of Banteay Meanchey, the government has officially proceeded
to the launch of the restoration work for a portion of the network,
covering a distance of 552 km. These railways will connect Phnom Penh
to Poipet (386 km) and Phnom Penh to Sihanoukville (266 km). The
restoration of the Phnom Penh-Sihanoukville line will take 23 months,
whereas the Phnom Penh-Poipet line will take 22 months.
The
total cost will be $73 million. The Cambodian government will finance
$15.2 million, the ADB $42 million, OPEC $13 million, and Malaysia $2.8
million. Haruhiko Kuroda, ADB president, is satisfied about this
project: “This even shows the importance of the government policy for
the return to prosperity in the kingdom.”
The Australian company
Toll Holding obtained a 32-year concession for the railway network in
Cambodia . A French-Belgium-Thai consortium will take care of the
restoration project. The authorities hope that these improvements will
lead to development of the transport of goods.
“The railways
play an important role in the trade between our country and Thailand.
They are of main importance as part of the trans-border railroad
system,” Sun Chanthol, the minister of public works and transport,
explained. This line will link, in 2015, Singapore to Kunming in China,
crossing Thailand, Cambodia, Vietnam, Burma and Laos. Hun Sen took care
to remind during the inauguration that: “$500 million is needed to
build the railway line between Cambodia and Vietnam.”
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