AIRLINK 72.67 Decreased By ▼ -1.43 (-1.93%)
BOP 5.06 Increased By ▲ 0.06 (1.2%)
CNERGY 4.38 Increased By ▲ 0.04 (0.92%)
DFML 29.87 Increased By ▲ 0.33 (1.12%)
DGKC 84.55 Increased By ▲ 1.00 (1.2%)
FCCL 22.30 Decreased By ▼ -0.13 (-0.58%)
FFBL 34.32 Decreased By ▼ -0.58 (-1.66%)
FFL 10.22 Increased By ▲ 0.35 (3.55%)
GGL 10.30 Increased By ▲ 0.30 (3%)
HBL 112.80 Increased By ▲ 0.80 (0.71%)
HUBC 140.99 Increased By ▲ 3.30 (2.4%)
HUMNL 8.03 Increased By ▲ 1.05 (15.04%)
KEL 4.51 Increased By ▲ 0.11 (2.5%)
KOSM 4.58 Decreased By ▼ -0.01 (-0.22%)
MLCF 38.70 Increased By ▲ 0.15 (0.39%)
OGDC 134.95 Decreased By ▼ -1.65 (-1.21%)
PAEL 26.73 Increased By ▲ 1.59 (6.32%)
PIAA 26.17 Decreased By ▼ -0.34 (-1.28%)
PIBTL 6.60 Decreased By ▼ -0.05 (-0.75%)
PPL 122.75 Decreased By ▼ -2.65 (-2.11%)
PRL 28.31 Increased By ▲ 0.10 (0.35%)
PTC 14.00 Decreased By ▼ -0.30 (-2.1%)
SEARL 54.93 Increased By ▲ 0.33 (0.6%)
SNGP 70.51 Decreased By ▼ -0.69 (-0.97%)
SSGC 10.44 Decreased By ▼ -0.06 (-0.57%)
TELE 8.63 Increased By ▲ 0.11 (1.29%)
TPLP 11.00 Increased By ▲ 0.06 (0.55%)
TRG 61.55 Increased By ▲ 0.85 (1.4%)
UNITY 25.20 Decreased By ▼ -0.13 (-0.51%)
WTL 1.30 Increased By ▲ 0.04 (3.17%)
BR100 7,666 Increased By 1.3 (0.02%)
BR30 25,129 Increased By 103.3 (0.41%)
KSE100 73,134 Increased By 369.5 (0.51%)
KSE30 23,748 Decreased By -27.7 (-0.12%)

PHNOM PENH: China handed over to Cambodia a $150 million stadium in Phnom Penh, with officials saying Sunday it is the result of Beijing's biggest ever infrastructure grant to the country.

The 60,000-capacity venue is the latest project under China's trillion-dollar Belt and Road initiative, a plan to fund infrastructure projects and increase its sway overseas.

The presentation of the arena, intended as the main venue when Cambodia hosts the Southeast Asian (SEA) Games in 2023, was made by China's Foreign Minister Wang Yi during his visit.

Cambodia's tourism minister Thong Khon said the $150 million stadium represented China's largest ever grant to Cambodia for an infrastructure project.

Located in Cambodia's capital, the Morodok Techo National Stadium resembles a sailing ship, symbolising the two nations long-standing friendship as Chinese people used to travel to Cambodia by boat, officials said.

It is surrounded by a moat that echoes the body of water encompassing the Angkor Wat temple complex.

Prime Minister Hun Sen has in recent years faced criticism over his reliance on Beijing but he defended their relationship Sunday, saying China was a "trusted and respected friend".

China signs Cambodia trade deal at start of regional charm offensive

"Have I made a mistake in contacting our friend China when we have achieved such results?" he asked, referring to the stadium.

"This is another new milestone in the ironclad friendship between Cambodia and China," he added.

During Wang Yi's visit, Cambodia and China also signed several new deals in which Beijing promised a total of $250 million for the country's development projects, Hun Sen said.

Wang Yi later pledged to continue supporting Cambodia's infrastructure expansion. He added China had never set "political conditions" in its cooperation with Cambodia. Cambodia has long been a staunch Beijing ally, receiving billions of dollars in soft loans and investments. China has also supplied Phnom Penh with nearly 28 million doses of Covid-19 vaccines, including a donation of 4.3 million jabs.

Comments

Comments are closed.