ID :
147089
Fri, 10/22/2010 - 14:25
Auther :
Shortlink :
https://oananews.org//node/147089
The shortlink copeid
OPENING OF CAMBODIA RAILROAD PUTS PAN-ASIAN RAILWAY FIRMLY ON TRACK
KUALA LUMPUR, Oct 22 (Bernama) -- The first segment of a new international
standard railroad, co-financed by international donors including Malaysia,
officially opened in Cambodia Friday, a major step towards the creation of a
long-awaited Pan-Asian railroad.
The Asian Development Bank (ADB) is providing US$84 million in support of the
reconstruction and repair of 650 kilometres (404 miles) of rail stretching from
Cambodia's border with Thailand, through the capital city of Phnom Penh, and
southward to Sihanoukville, the country's main seaport.
Australia provided the additional US$21.5 million while Malaysia contributed 106
km (66 miles) of track worth US$2.8 million in support of the US$141 million
project.
ADB said in a statement Friday that Cambodia allocated US$20.3 million for the
rail project while the other co-financiers include the OPEC Fund for
International Development with US$13 million.
Freight service has commenced along a 120km (75 mile) stretch of rail between
Phnom Penh and Touk Meas, near the Vietnamese border. The entire rail line is
scheduled to be operational by 2013.
"We are on the cusp of a contiguous Iron Silk Road stretching from Singapore to
Scotland," said Kunio Senga, director-general of ADB's Southeast Asia
Department.
"This possibility has been talked about for decades, but today the dream has
finally taken a big step towards becoming a reality."
Decades of conflict have left Cambodia's railroad in serious disrepair, with
rail traffic slowly declining to a trickle.
In some parts of the country, homemade lorries - simple, makeshift bamboo
platforms powered by water-pump motors - are the main form of rail transport
along the antiquated tracks.
Cambodia's less developed transportation network and the country's higher
transportation costs result in higher prices for imported and locally-made goods
compared to neighbouring countries.
ADB said the new railway would help lower the cost of staple commodities that
poor Cambodian families relied on for sustenance.
"This new railroad represents another important step for Cambodia in overcoming
its legacy of conflict," said Senga. "With better infrastructure and closer
economic ties with its neighbours, Cambodians are enjoying a peace dividend more
than ever before."
Once Cambodia's new railroad is ready, only one link, between Phnom Penh and Ho
Chi Minh City, Vietnam, will remain before a Pan-Asian railway is complete.
Cambodia and Vietnam have already signed an agreement to link their
railways, and China is supporting a design study on a rail link from Phnom Penh to
Loc Ninh, Vietnam.
The railway rehabilitation project is a vital component of the Greater Mekong
Subregion's southern economic corridor - linking Thailand, Cambodia and Vietnam
- and is a key component of Asean's Singapore-Kunming Rail Link Project.
Toll Holdings, an Australian company, has been awarded a 30-year contract to
operate and maintain the rehabilitated railway system.
-- BERNAMA
standard railroad, co-financed by international donors including Malaysia,
officially opened in Cambodia Friday, a major step towards the creation of a
long-awaited Pan-Asian railroad.
The Asian Development Bank (ADB) is providing US$84 million in support of the
reconstruction and repair of 650 kilometres (404 miles) of rail stretching from
Cambodia's border with Thailand, through the capital city of Phnom Penh, and
southward to Sihanoukville, the country's main seaport.
Australia provided the additional US$21.5 million while Malaysia contributed 106
km (66 miles) of track worth US$2.8 million in support of the US$141 million
project.
ADB said in a statement Friday that Cambodia allocated US$20.3 million for the
rail project while the other co-financiers include the OPEC Fund for
International Development with US$13 million.
Freight service has commenced along a 120km (75 mile) stretch of rail between
Phnom Penh and Touk Meas, near the Vietnamese border. The entire rail line is
scheduled to be operational by 2013.
"We are on the cusp of a contiguous Iron Silk Road stretching from Singapore to
Scotland," said Kunio Senga, director-general of ADB's Southeast Asia
Department.
"This possibility has been talked about for decades, but today the dream has
finally taken a big step towards becoming a reality."
Decades of conflict have left Cambodia's railroad in serious disrepair, with
rail traffic slowly declining to a trickle.
In some parts of the country, homemade lorries - simple, makeshift bamboo
platforms powered by water-pump motors - are the main form of rail transport
along the antiquated tracks.
Cambodia's less developed transportation network and the country's higher
transportation costs result in higher prices for imported and locally-made goods
compared to neighbouring countries.
ADB said the new railway would help lower the cost of staple commodities that
poor Cambodian families relied on for sustenance.
"This new railroad represents another important step for Cambodia in overcoming
its legacy of conflict," said Senga. "With better infrastructure and closer
economic ties with its neighbours, Cambodians are enjoying a peace dividend more
than ever before."
Once Cambodia's new railroad is ready, only one link, between Phnom Penh and Ho
Chi Minh City, Vietnam, will remain before a Pan-Asian railway is complete.
Cambodia and Vietnam have already signed an agreement to link their
railways, and China is supporting a design study on a rail link from Phnom Penh to
Loc Ninh, Vietnam.
The railway rehabilitation project is a vital component of the Greater Mekong
Subregion's southern economic corridor - linking Thailand, Cambodia and Vietnam
- and is a key component of Asean's Singapore-Kunming Rail Link Project.
Toll Holdings, an Australian company, has been awarded a 30-year contract to
operate and maintain the rehabilitated railway system.
-- BERNAMA
