Cambodia Signs Its Biggest Construction Contract, An $11.2B Deal For A Railway, A Port And A Steel Factory

 @MikeObelm.obel@ibtimes.com
on January 04 2013 8:17 AM

Cambodian authorities said Friday they expect work on a $11.2 billion project that includes a 249-mile railway, a port and a steel factory, to begin in July, according to published reports.

The Chinese-owned Cambodia Iron and Steel Mining Industry will build a railway from a steel plant in northern Preah Vihear province to a port in Koh Kong in southwestern Cambodia, the South China Morning Post reported Friday.

The railway and port are expected to cost $9.6 billion, and the steel plant is expected to cost $1.6 billion. The projects could take as long as four years to complete.

Financing details of the contracts, which were signed Dec. 31, were not disclosed.

Share this article

More News from IBT MEDIA