PHNOM PENH: China will inject $1.6 billion into Cambodian infrastructure over five years, officials said Thursday, just days after the US urged the country not to become too dependent on the Asian giant. “Within the next five years, Cambodia and China will have 23 co-operation projects,” government spokesman Khieu Kanharith told reporters after a meeting between China's top legislator Wu Bangguo and the Cambodian Prime Minister, Hun Sen. Hydropower dams, mining projects, bridges and railway links would be among the initiatives funded by China between 2010 and 2015, he added. Wu and Hun Sen witnessed the signing of 16 deals, including a loan agreement arranged by the Bank of China that will see Cambodia's largest mobile operator CamGSM borrow over $590 million. – Agence France
