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Chinese Companies to build Steel Projects in Cambodia

  • Saturday, January 5, 2013
  • Source:

  • Keywords:Chinese Steel Projects Cambodia
[Fellow]
[Ferro-Alloys.com]Reuters reported that two Chinese companies have concluded deal to build a rail line, a steel plant and a sea port in Cambodia worth USD11.2 billion.
 
Cambodia Iron and Steel Mining Industry Group on Monday has contracted China Railway Group to build a rail way.
 
All three projects are estimated to complete in four years.
 
Meanwhile, this deal also signifies China’s footprint into the frontier economies of a booming Southeast Asia.
 
Loans and investment have also won China some useful political allies in the Association of Southeast Asian Nations.
  • [Editor:editor]

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