Ross Kelly
Dow Jones Newswires
Homemade wooden cart on Cambodian poor railways
TOLL Holdings has signed an agreement with Cambodia to operate the nation's railways under a 30-year concession.
Under the agreement, announced today by Toll, a joint venture between Toll, with a 55 per cent stake, and Cambodian conglomerate Royal Group, with a 45 per cent stake, would operate the rail network and related freight logistics.
The agreement is conditional on final confirmation of investment by "the international community" of $US145 million ($176.8m), Toll said.
Toll already has an oil and gas logistics operation in Cambodia.
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