Phnom Penh: In the largest ever slice of foreign direct investment Cambodia has ever received two Chinese companies have reached a deal to build a 400 km rail line, a steel plant and a port in the southeast Asian nation worth a combined $11.2bn.
Cambodia Iron and Steel Mining Industry Group has contracted the China Railway Group to build a railway to link a steel facility in northern Preah Vihear province to a port at the southern commercial island of Koh Kong.
Cambodia is one of China’s most important allies in the region. [03/01/13]
