World Bank Pledges Support for Cambodia’s Development as a Regional Logistics Hub

In a significant commitment to Cambodia’s economic growth, the World Bank has announced its support for its ambition to become a competitive logistics hub in the region. This announcement was made by Ms. Tania Meyer, the World Bank Country Director for Cambodia, during a videoconference focused on the methodology and processes for gathering data related to the Logistics Performance Index (LPI) on February 4, 2025.

His Excellency Sun Chanthol, Deputy Prime Minister and Chairman of the National Logistics Council, praised the World Bank experts for their comprehensive insights into the LPI. He emphasized the importance of continued collaboration among stakeholders and called for ongoing support from the World Bank to enhance Cambodia’s logistics sector.

Ms. Meyer reiterated the World Bank’s commitment to partnering with the Royal Government of Cambodia, emphasizing the shared goal of promoting the country as a logistics hub with substantial potential and regional competitiveness.

This initiative aligns with the Royal Government’s strategic focus on the transport and logistics sector, which was identified as a top-priority area for implementing a Public-Private Partnership Project from 2025 to 2035. The government has earmarked this sector, alongside energy and public services, as crucial for driving economic growth and attracting high-level investments. (Read more)

As Cambodia embarks on this transformative journey, the collaboration between the government and the World Bank is expected to bolster the logistics infrastructure, paving the way for increased economic opportunities and regional integration.

- Video Advertisement -

Related Post

Phnom Penh Government to Launch Innovative Pedestrian Street Trial

The Phnom Penh Municipal Government is excited to announce the upcoming trial of a pedestrian street project, dubbed “Walk Street,” along the iconic Sisowath Avenue. This initiative aims to transform the city’s heart into a vibrant, pedestrian-friendly environment, allowing residents and visitors alike to enjoy the area more fully. The trial will commence on Saturdays […]

Angkor Enterprise Launches Online Ticketing System to Boost Tourism

In a major development aimed at enhancing the experience for international visitors, Angkor Enterprise has officially launched a comprehensive online ticket sales and inspection system for Angkor. The initiative, which seeks to attract tourists from around the globe, was inaugurated on January 30, 2024, under the leadership of His Excellency Deputy Prime Minister Neth Savoeun, […]

Land Grant Initiative for Poor Families in Stung Treng Province

In a significant move to support impoverished communities, Prime Minister Hun Manet has announced a land grant initiative to provide 1,000 poor families in the Ousev area of Stung Treng province with essential residential and agricultural land. Each family will receive 3 hectares of land, marking a vital step towards poverty alleviation and community development. […]

Vietnam’s USD 67 Billion High-Speed Rail Project Charts Independent Path, Shunning Foreign Investment

In a groundbreaking move that signals Vietnam’s growing economic confidence, the Vietnamese National Assembly has approved an ambitious USD 67 billion high-speed rail network connecting Hanoi to Ho Chi Minh City, with the revolutionary decision to fund the megaproject primarily through domestic sources rather than traditional foreign investment, according to an announcement from the National […]

Government Revives Stalled Projects in Sihanoukville

The Cambodian government is taking significant steps to revive 42 stalled projects in Sihanoukville province, totaling an investment capital of $564 million. This initiative is part of the ongoing effort to revitalize the coastal region and encourage the resumption of major developments. During the 13th meeting on the “Special Program to Promote Investment in Sihanoukville […]

Cambodia Boosts Agricultural Irrigation Capacity by Nearly 2 Million Hectares by 2024

In a significant advancement for its agricultural sector, Cambodia has successfully increased the irrigation capacity of its agricultural land by approximately 1,969,843 hectares as of 2024. This achievement is part of the Cambodian government’s ongoing efforts to enhance irrigation systems nationwide, ensuring access to vital resources for its citizens. During a meeting of Senate Committee […]