Cambodia has signed a $1.2 billion deal with China for the Funan Techo Canal project, intended to boost trade by connecting the Mekong River to the Gulf of Thailand. The project, initiated last year and halted briefly post-groundbreaking, will be developed as a public-private partnership. Cambodian and Chinese investors will share nearly equal stakes. Cambodian officials emphasize the canal's role as a significant transport infrastructure that will enhance logistics and economic growth, with a promise from the Prime Minister to continue regardless of cost.
The canal will create a new inland waterway-maritime corridor capable of handling vessels up to 3,000 deadweight tons, promoting trade and economic growth in Cambodia.
Prime Minister Hun Manet emphasized that the canal will be built "no matter what the cost," underscoring its importance for national prestige and development.
The Funan Techo Canal project is a public-private partnership, highlighting Cambodia's commitment to leveraging both local and foreign investments for infrastructure development.
Wang Tongzhou noted that the project will serve as a vital transport infrastructure, driving national economic growth by improving logistics and connectivity.
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