Chinese investment in Cambodia reach $860 million in the first 11 months of 2020

According to the Chinese embassy in Phnom Penh, Chinese foreign direct investment in Cambodia hits USD860 million in the first 11 months of 2020, an increase of 70 percent from the same duration back in 2019, reported The Star.

The embassy stated that major Chinese investment projects in Cambodia continued to proceed, despite the impact of the pandemic.

The prime and most costly project listed by the embassy, the construction of the 190 kilometre Phnom Penh-Sihanoukville Expressway, is approximately 39 percent completed.

The expressway is backed by China Road and Bridge Corp (CRBC), with USD1.9 billion in funding, and is booked to complete in early 2023.

According to the ministry, most of the overseas capital was directed to construction, garments, electric and electronic components, and agriculture. Meanwhile, the new Siem Reap International Airport, with its recent terminal building damage, will cost Angkor International Airport Investment (Cambodia) Co Ltd (AIAI) almost USD900 million.

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