China will provide $853 million in loans to Cambodia for infrastructure, irrigation and dam projects to boost its economy and reduce poverty, Cambodia's foreign minister said on Saturday.
The agreement was clinched on Friday when Chinese Premier Wen Jiabao met Cambodia's Prime Minister Hun Sen on the sidelines of an economy and trade fair in Sichuan, Hor Namhong told reporters.
"China continues to help Cambodia's infrastructure development, even though China is itself faced with problems from the global economic crisis," he said.
China will provide $593 million for 11 projects proposed by Cambodia's government in 2009, in addition to $260 million for five projects requested last year, Namhong added.
The money will be invested in new roads near the borders of Thailand and Vietnam and the expansion of existing links to the capital of Phnom Penh.


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