Gov’t Backs 24 Stalled Projects in SHV with $129m Investment

The government is reinforcing support for 24 projects in Sihanoukville, involving a total investment of US$129 million, including both stagnant buildings and those currently under development. This was disclosed by the task force on their official Facebook page on 31 July 2024.

From February to June 2024, the task force facilitated incentives for 61 projects, amounting to a combined investment of US$3.7 billion, reflecting a remarkable 671% increase. Additionally, from February to July 2024, the task force approved special benefits for up to 85 projects.

These special incentives apply to three categories of projects proposed and implemented in Sihanoukville in 2024:

  1. projects related to stagnant buildings,
  2. projects unrelated to stagnant buildings that can be launched in 2024, and
  3. the expansion of existing projects or business activities. (Read more)

The continued government support highlights the commitment to revitalising and accelerating development in Sihanoukville, fostering economic growth and infrastructure enhancement in the country.

- Video Advertisement -

Related Post

Bassac Riverbank Stabilization Project in Kandal Reaches 60% Completion

The ongoing infrastructure initiative to reinforce the Bassac riverbank in Sampov Poun City, Kandal Province, has achieved a significant milestone, with construction teams completing approximately 60% of the designated works. Local authorities and engineering crews remain heavily committed to accelerating the remaining phases to ensure the project concludes entirely on schedule. During a recent field […]

Cambodia and Vietnam Partner to Build Major Drug Rehabilitation Center in Svay Rieng

Cambodia and Vietnam are joining forces to establish an expansive National Drug Treatment and Rehabilitation Center in Svay Rieng Province. The planned facility will cover more than fifty-three hectares of land, marking a significant step forward in bilateral efforts to address substance dependency and long-term recovery. The project advanced further following a strategic meeting on […]

Cambodia Nears Completion of Strategic Border Ring Road in Northeastern Provinces

Funded by the Border Infrastructure Fund, the infrastructure project in Mondulkiri and Ratanakiri achieves over 95% of its construction targets Cambodia’s ambitious infrastructure initiative to establish a continuous border ring road is nearing full completion, with construction teams successfully executing the vast majority of planned developments in Mondulkiri and Ratanakiri provinces. From the commencement of […]

Construction of Bassac River Bridge Linking Chak Angre Krom and Prek Pra Reaches 73% Completion

The construction of the highly anticipated bridge across the Bassac River, connecting Chak Angre Krom to Prek Pra, has achieved a major milestone, reaching 73% completion by the end of May 2026. According to the inspection team on 01 June 2026, led by HE Soung Heng, Secretary of State and Project Director, to monitor the […]

Bakheng Water Treatment Plant Expansion Crosses Major Threshold to Secure Capital Clean Water Access

Phase Three Progress Surpasses Seventy % Mark as Cambodia Broadens Utility Infrastructure to Support Rapid Economic Growth The ongoing construction of the Bakheng Water Treatment Plant Phase Three has achieved a significant milestone, with the project now certified as more than 70 % complete. This infrastructure expansion is poised to critically enhance the water distribution […]

Takhmao City Wastewater Infrastructure Project Reaches One-Third Completion Milestone

The construction of the wastewater treatment system in Takhmao City, Kandal Province, has reached a significant milestone, achieving an overall progress of 33 percent as of the end of April 2026. This advancement was confirmed during a site visit on May 7, 2026, led by His Excellency Ros Vanna, Secretary of State of the Ministry […]