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真钱银河注册:China's BRI projects greatly benefit Cambodian economy, people: Officials, experts

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真钱银河注册:Projects under the China-proposed Belt and Road Initiative (BRI) have been greatly boosting Cambodia's economy and improving local people's livelihoods, Cambodian officials and experts said.

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XinhuaUpdated:  May 9, 2022
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Projects under the China-proposed Belt and Road Initiative (BRI) have been greatly boosting Cambodia's economy and improving local people's livelihoods, Cambodian officials and experts said.

Large BRI projects in the Southeast Asian country include the Sihanoukville Special Economic Zone, hydropower plants, Phnom Penh-Sihanoukville Expressway, new Siem Reap International Airport, Morodok Techo National Stadium, roads and bridges, hospitals, and rural water supply among others.

"These projects have provided and will continue to provide a lot of tangible benefits to the economy and people of Cambodia," Vasim Sorya, undersecretary of state and spokesman for the Ministry of Public Works and Transport, told Xinhua.

"The BRI projects here are sincere with no strings attached, and their aim is to help boost our socio-economic development and improve our people's livelihoods," he said.

Despite the impact of the COVID-19 pandemic, all BRI projects in the kingdom have made headway steadily, Sorya said, giving an example of the construction work on the 2-billion-U.S. dollar Phnom Penh-Sihanoukville Expressway.

People walk by a China-funded power transmission system in southern Kandal province, Cambodia, April 28, 2016. (Xinhua/Sovannara)

Neak Chandarith, director of the Cambodia 21st Century Maritime Silk Road Research Center, said the BRI has been greatly contributing to Cambodia's development strategies, such as the Rectangular Strategy Phase IV, the Industrial Development Policy 2015-2025, the logistic system improvement master plan, and the multipurpose special economic zones in the coastal city of Sihanoukville.

"It will help Cambodia to achieve its ambitious goal of becoming an upper-middle income country by 2030 and a high income country in 2050," he told Xinhua. "The BRI projects will be the major contributors to Cambodia's economic growth in the post-pandemic era."

Mak Chamroeun, vice president of Phnom Penh-based online market Smile Shop, said the BRI is building a connected world with peace, harmony, common development and prosperity, and for Cambodia the BRI projects have delivered many potential benefits to businesses and local residents.

"China, ranked top among foreign investors in Cambodia, has various investments in Cambodia's backboned sectors such as special economic zones, transport infrastructure, energy, agriculture, telecommunication, and tourism among others," he told Xinhua.

"All these infrastructure projects have been playing a key role not only in improving people's daily lives, but also in promoting economic growth and modernizing rural areas," he said. 

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