Monday, August 3, 2009

Japan Provides New Grant Aid to Cambodia


The Government of Japan has provided grant aid totaling ¥3,305,000,000 (approximately US$33.05 million) in response to the request from the Royal Government of Cambodia, aiming to promoting the economic development and stabilization of Cambodia.

This Japanese grant aid was officially announced during the Exchange of Note for Extending Japan’s Official Development Assistance (ODA) between Hor Namhong, Deputy Prime Minister and Minister for the Ministry of Foreign Affairs and International Cooperation, and Katsuhiro Shinohara, Japanese Ambassador to Cambodia.

Prime Minister Hun Sen presided over the signing ceremony held at the Ministry of Foreign Affairs and International Cooperation on July 30.

The Japanese grant aid is aimed to contribute to the execution of three main projects including the improvement of the National Road Number 1; the Construction of the Marine Aquaculture Development Center in Preah Sihanouk province; and for Rural Drinking Water Supply in Memuth district, in Kampong Cham Province.

The Deputy Prime Minister Namhong said at the signing ceremony that the Japanese grant aid will help the Cambodian government in contributing to the rehabilitation, infrastructure and the development of the Kingdom of Cambodia in future.

“Japan continues to be the top donor for Cambodia,” he said. “It will help to promote the development and improve the livelihood of our Cambodian peoples.”

The Japanese Ambassador Katsuhiro Shinohara said that the three projects on the extension of the Japanese Grant Aid to the Royal Government of Cambodia aimed to develop the economy and social development within the Kingdom of Cambodia.

Shinohara said the first Note deals with the Project for Improvement of National Road Number 1. A section of about 43 kilometers from Koki commune to Neak Loueng in Kandal province has already completed under the Japanese grant aid.

The objective of this project, using up to 2,005 million Yen, equivalent to around US$20 million, under the grant aid scheme, to improve the road from Koki commune up to Nirot in Kean Svay district, Kandal province and contribute to the smooth flow of traffic, reduction in travel times and accelerated economic growth in Cambodia.

The objective of the second Note deals with the Project for Construction of a Marine Aquaculture Development Center which is to be construct in the center of a 17,000 square meter state owned land at the north end of Sihanouk commercial port, which will produce 400, 000 seabass seeds per year. A fund up to of up to 931 million yen, equivalent to around US $9.90 million, will be provided under the Grant Aid scheme, according to Shinohara.

The objective of the project for the third Note deals for Rural Drinking Water Supply in Memuth district, Kampong Cham province. This project will construct 136 tube wells for the benefit of about 33,000 people living in the 52 villages in Memuth district, which will supply a safe and stable drinking water supply for the villages. A fund of up to 369 million yen, equivalent to around US$ 3.93 million, will be provided under the Grant Aid scheme.

“Japan will continue to assist Cambodia in every way possible, in its efforts to reduce poverty and develop Cambodia,” Shinohara said. “I sincerely hope that the assistance from people and the Japanese government committed today will accelerate Cambodia’s economic and social development, and will ultimately benefit all people in Cambodia.” ////

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