South Korea, Cambodia to sign loan deal

South Korea will provide Cambodia with 200 million U.S. dollars loan for road and dam projects, according to Cambodian Ministry of Foreign Affairs on Friday. Cambodian deputy prime minister and foreign minister Hor Namhong and South Korean ambassador to Cambodia Kim Han-soo will sign the loan agreement in the presence of Cambodian Prime Minister Hun Sen next Wednesday, a statement said. The four-year loan package was offered to rehabilitate three lines of national roads and rural roads in nine provinces and build a multipurpose dam between northwestern Battambang and Pursat provinces. The loan agreement is announced just a few weeks ahead of Cambodia's general election, which will be held on July 28. The ruling Cambodian People's Party of Prime Minister Hun Sen is widely expected to win the majority of parliamentary seats in the forthcoming election.