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Without Corruption, Concession Law Can Aid Economy, Experts Say

A recently passed law allowing private investors more concessions and cooperation with the government could mean a boost to the Cambodian economy, but only if corruption is contained, experts said Monday.

The law allows the government to lease state assets or public services to private companies through concession contracts for 30 years, following transparent bids.

The law will help with economic growth and poverty reduction and will lower government spending, independent economic analyst Kang Chandararoth told VOA Khmer.

But the government must create transparent bidding mechanisms, tax collection and other governmental procedures to make it work, he said.

"Now there is corruption in our society in many fields, and all over the country," said Seng Theary, executive director of the Center of Social Development. "Out law and our courts are weak, leading us to be concerned."