new updates providing publish in various newspaper reporting from the heart of crises around the world. News, analysis, investigations about issues impacting the world and other Covers the latest international news, investigations, and analysis from Africa, the Americas, Asia, Australia, Canada, Europe, the Middle East, and the U.K.
As Cambodia launches $36.6bn building drive, China, Japan fight for spoils
Get link
Facebook
X
Pinterest
Email
Other Apps
-
Cambodian Prime Minister Hun Manet has unveiled a 174-project master plan that has attracted bids by rival powers.
Cambodia is aiming to becoming a high-income nation by 2050 [Paula Bronstein/Getty Images]
Phnom Penh, Cambodia – Cambodia is pushing for an infrastructural renaissance, but it will need some help from its friends abroad to chip away at an estimated price tag of $36.6bn.
That was the final sum calculated by the Cambodian government and published earlier this year in a 174-project master plan that would overhaul the national transportation and logistics network within an ambitious timeframe of just a decade.
The goal to crisscross the kingdom with expressways, high-speed rail lines and other works fits closely with the state’s longstanding wish of becoming an upper-middle-income country in 2030 and a high-income nation by 2050.
Since the unopposed ascension last year of Prime Minister Hun Manet – the son of former Prime Minister Hun Sen, the country’s leader of nearly 40 years – his new government of aspiring technocrats has pressed forward with the building campaign, beseeching foreign allies for closer ties and increased investment while assuring the public of big things to come.
“We shall not withdraw from setting our targets in building road and bridge infrastructure,” Hun Manet said at a February groundbreaking for a Phnom Penh bridge funded with a Chinese loan.
“Roads are like blood vessels to feed the organs wherever it goes … soon we will have the ability not only to just possess [material things] but also for Cambodians to build by themselves infrastructural marvels such as bridges, highways and subways
Cambodian Prime Minister Hun Manet has embarked on a major infrastructure drive [Athit Perawongmetha/Reuters]
Cambodia has experienced more than two decades of rapid economic growth with some of the worst infrastructure in Southeast Asia, according to the World Bank’s logistics performance index.
With the bank predicting accelerating gross domestic product (GDP) growth for the years ahead, Cambodia’s already stretched transportation system could be strained to breaking point.
While the new prime minister looks to cement his own status after his father’s long rule, making progress on hard infrastructure will present a test for his governance as well as the traditional Cambodian balancing act of international relations.
Rolling out the master plan with a to-do list of projects large and small could present an opportunity to benefit from geopolitical rivalries as foreign partners jostle for influence – especially as competition intensifies between two of its largest benefactors, China and Japan.
Peter Bergman, the beloved actor best known for his long-running role as Jack Abbott on the popular soap opera "The Young and the Restless," has passed away at the age of 71 On date 20-07-2024. His passing marks the end of a remarkable career and leaves a significant void in the hearts of his fans and colleagues. Peter Bergman, the beloved actor known for his role as Jack Abbott on "The Young and the Restless," passed away due to cause of accident Born on June 11, 1953 , in Guantanamo Bay, Cuba, Bergman embarked on his acting career in the late 1970s . He gained initial fame with his role as Dr. Cliff Warner on " All My Children ," where he starred from 1979 to 1987 . However, it was his portrayal of Jack Abbott on "T he Young and the Restless ," starting in 1989 , that cemented his status as a daytime television icon. Throughout his tenure on " The Young and the Restless, " Bergman's character, Jack Abbott, became one of the most...
It is with deep sadness that we announce the passing of Clive Fleury, former Chair of Freshwater Parish Council. Clive passed away peacefully on June 30, 2024, due to complications from a stroke, leaving behind a legacy of dedicated public service and community spirit. Clive Fleury, former Chair of Freshwater Parish Council, passed away on June 30, 2024, due to complications from a stroke. Born on March 12, 1950, Clive spent his life committed to the betterment of his community. He served as Chair of Freshwater Parish Counci l for over a decade, from 2008 to 2019 , and his tenure was marked by significant achievements and positive changes. Under his leadership, numerous community projects were initiated and completed, enhancing the quality of life for Freshwater residents. Clive was known for his unwavering dedication, approachable nature, and ability to bring people together. His leadership style was inclusive and collaborative, ensuring that all voices in the community were heard an...
It is with profound sorrow that we announce the passing of Ahmed Refaat tragically passed away due to a sudden cardiac arrest. His untimely death has left the sports community and his countless admirers in deep mourning. His vibrant spirit and impactful legacy will be remembered fondly by all who knew him. Ahmed Refaat passed away on July 5, 2024. His sudden death has left a void in the hearts of his family, friends, and countless fans who admired him for his talent and character. Ahmed Refaat was born on June 15, 1989, in Cairo, Egypt . His early years were marked by a burgeoning talent for soccer, which he pursued with passion and dedication, ultimately becoming one of Egypt's most celebrated soccer players. Ahmed's influence extended beyond his impressive athletic achievements. He was known for his sportsmanship, humility, and generosity, consistently using his platform to give back to the community. His commitment to mentoring young athletes and advocating for sports develo...
Comments
Post a Comment