Cambodia is building a new canal projected which is designed to bypass Vietnam’s crucially important Mekong Delta, with China underwriting the construction. Not far from the new canal’s exit point lies a key Chinese naval base, a fact which has both Vietnam and America extremely worried about the geostrategic implications of this new development.
By breaking of ground on the Funan Techo Canal project, Cambodia hopes to transform the country’s economic fortunes by addressing a key economic vulnerability, and reduce Cambodia’s shipping reliance on its neighbour Vietnam. Cambodia’s government estimates the strategic infrastructure project will cost roughly $2 billion, nearly 4% of Cambodia’s annual GDP. However, part of China’s financial contribution still remains in doubt, and this region will also soon become an area of focus for the United State. .
The Caspian Report provides more insight into this incredible story. Watch:
.
READ MORE CHINA NEWS AT: 21st Century Wire China Files
VISIT OUR TELEGRAM CHANNEL
SUPPORT OUR INDEPENDENT MEDIA PLATFORM – BECOME A MEMBER @21WIRE.TV
