Reuters reported that two Chinese companies have reached a deal to build a 400 km (250 mile) rail line, a steel plant and a sea port in Cambodia worth a combined USD 11.2 billion in what would be by far the impoverished country's biggest-ever investments.
Cambodia Iron and Steel Mining Industry Group has contracted the China Railway Group to build a railway to link a steel facility in northern Preah Vihear province to a port at the southern commercial island of Koh Kong, the company's chairman said on Wednesday.
The rail link and port would cost 9.6 billion and the steel plant 1.6 billion.
The deal is the latest sign of China expanding its footprint in the frontier economies of a booming Southeast Asia as the United States vies for influence in the region.
Source:
http://www.steelguru.com/chinese_news/Chinese_firm_plans_USD_11_billion_rail_and_port_projects/297139.html
