China gifts new $150-million national stadium to Cambodia
PHNOM PENH, Cambodia — China handed over to Cambodia a $150-million stadium in Phnom Penh, with officials saying Sunday it is the result of Beijing’s biggest ever infrastructure grant to the country.
The 60,000-capacity venue is the latest project under China’s trillion-dollar Belt and Road initiative, a plan to fund infrastructure projects and increase its sway overseas.
The presentation of the arena, intended as the main venue when Cambodia hosts the Southeast Asian (SEA) Games in 2023, was made by China’s Foreign Minister Wang Yi during his visit.
Cambodia’s tourism minister Thong Khon said the $150 million stadium represented China’s largest ever grant to Cambodia for an infrastructure project.
Located in Cambodia’s capital, the Morodok Techo National Stadium resembles a sailing ship, symbolizing the two nations long-standing friendship as Chinese people used to travel to Cambodia by boat, officials said.