Three Ministries & Private Sector Collaborate for Boosting Tourist Port Potential

The Ministry of Economy and Finance, in partnership with the Ministry of Public Works and Transport and the Ministry of Tourism, is set to orchestrate a pivotal consultative workshop under the theme “Operation and Maintenance(O&M) under the Public-Private Partnership Mechanism.” The event is scheduled for 8:30 am on 17 August 2023 at Hyatt Regency Hotel Phnom Penh, with a simultaneous virtual attendance option.

This strategic workshop will convene an esteemed audience, including a diverse spectrum of private sector entities ranging from local and regional tourism port operators to international shipping companies and private investment firms. The primary objective is to collectively deliberate upon the Kampot tourism port development initiative, a move designed to not only catalyze the coastal tourism sector in Kampot and Kep but also establish seamless connections between Cambodia’s mainland and the alluring Koh Tral and the surrounding archipelago.

The distinguished consultation workshop will be presided over by HE Om Mak Thearith, Director General of Public-Private Partnership at the Ministry of Economy and Finance. As a prelude to the session, attendees can anticipate a comprehensive dissemination of project particulars, market insights, technical requisites, operational prerequisites, bidding conditions, and a meticulous timeline that frames the development trajectory of the Kampot Tourism Port project.

Private companies and visionary investors eager to partake in this pivotal workshop are encouraged to register their participation via Mr. Lim Chhavitvitou, reachable at chharitvitou.lim@gmail.com or by phone at 077 877 533.

Construction of the Kampot Provincial Tourism Port was successfully concluded on 30 June 2022. With an impressive total construction outlay of approximately US$9.27 million, this transformative project was made possible through a collaborative budget contribution shared between the Asian Development Bank and the Royal Government of Cambodia. (Read more)

- Video Advertisement -

Related Post

Cambodia Officially Withdraws from CLV Development Triangle, Focuses on National Infrastructure Projects

Cambodia has officially announced its withdrawal from the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA), marking a shift in its regional development strategy. The decision was formalised through the promulgation of the Law on the Approval of the Agreement on the Promotion and Facilitation of Trade in the CLV-DTA and will take effect upon the completion of […]

Mondulkiri Authorities Launch Extensive Crackdown on Illegal Mining with 56 Sites Targeted

In an intensive crackdown spanning just three days, from 3 to 5 November 2024, the Mondulkiri Provincial Department of Mines and Energy, together with other local authorities, successfully intervened at 56 locations identified for illegal mining operations across Mondulkiri province. This major operation underscores Cambodia’s growing commitment to regulate mining activities and protect its natural […]

Cambodian Gov’t Extends Stamp Duty Exemption on Homes Up to USD 70,000 Until End of 2025

The Ministry of Economy and Finance has announced an extension of the stamp duty exemption for transferring ownership or possession of all types of borey housing valued at USD 70,000 or less, continuing this benefit until the end of 2025. This initiative aims to stimulate the real estate market by offering substantial tax relief to […]

Tycoon Ly Yong Phat’s Hydropower Company Suspended for Environmental Violations in Pursat & Koh Kong

The Ministry of Environment has temporarily suspended all activities of Stung Meteuk Hydropower, a company owned by Tycoon Ly Yong Phat, in Pursat and Koh Kong provinces due to multiple environmental violations and non-compliance with legal requirements. The suspension was confirmed in a letter from the ministry dated 2 September 2024. The decision stems from […]

South Korea’s Mugungwha Trust Targets Investment in Cambodia’s Expanding Trust Sector

Mugungwha Trust Co., Ltd., a leading South Korean trust company, has announced plans to invest in Cambodia’s trust sector, aiming to contribute to the country’s economic growth and sector expansion. The company’s President, Mr. Oh Chang-seok, expressed this commitment during a meeting with Samdech Techo Hun Sen on 10 September 2024 in Seoul, Republic of […]

GDT Sets Property Tax Deadline for 30 September 2024

The General Department of Taxation (GDT) has reminded all property owners to fulfil their property and land tax obligations by 30 September 2024. The announcement, made on 31 July 2024, , emphasises the critical importance of meeting this deadline to ensure a smooth tax collection process. To facilitate efficient tax payments, the GDT encourages property […]