Chinese companies to build rail, port, steel projects in Cambodia
Reuters reported that two Chinese companies have concluded
deal to build a rail line, a steel plant and a sea port in Cambodia
worth US$11.2 billion. (steel pipe)
Cambodia Iron and Steel Mining Industry Group on Monday has contracted China Railway Group to build a rail way. (steel pipe)
All three projects are estimated to complete in four years. (steel pipe)
Meanwhile, this deal also signifies China’s footprint into the frontier economies of a booming Southeast Asia. (steel pipe)
Loans and investment have also won China some useful political allies in the Association of Southeast Asian Nations.(steel pipe)
