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Publish Date : 03-Jan-2013

Two Chinese companies have reached a deal to build a 400-km rail line, a steel plant and a sea port in Cambodia worth a combined US$ 11.2 billion (S$ 13.67 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.

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