ODA loan agreement
The Japan Bank for International Cooperation (JBIC) has signed an ODA loan agreement totalling US$42m with the Royal Government of Cambodia for the Sihanoukville Port Urgent Expansion Project.
In comparison, vessel loading and unloading added just US$6.8m to the overall cost of moving goods through the port. The report also emphasises that US$11.7m in bribes were required to smooth the passage of export consignments through Chittagong.
The loan will finance the improvement and expansion of the container berth, the installation of cargo handling equipment and related consulting services to deal with sharply rising cargo demand.
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