Borey Golden Park marks first anniversary with 15% discount & easy payment
To celebrate the first anniversary of the launch of The Natural project, Borey Golden Park is offering a discount of up to 15% with easy payment terms of up to 20%, no deposit, and no interest for 30 months. The Golden Park’s Natural Project is a green community-based housing development that is […]
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US$190-million Cambodia’s largest water treatment plant 60% complete
Construction of the Bakeng water treatment plant phase 1, Cambodia’s largest plant with a treatment capacity of almost 200,000 m3/day, has reached 60% completion as of February and is scheduled to be completed as planned in 2023. HE Long Naro, Director General of Phnom Penh Water Supply Authority, said on March 1 that currently the […]
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CDC Approves US$2.5 Million Factory Investment in Kampong Cham
The Council for the Development of Cambodia (CDC) has approved Skuon Shoes Manufacture Co., Ltd to establish a shoe factory. According to a CDC announcement on 3 March, the investment value will be US$2.5 million with the factory located along NR6 in Roveang village, Khnor Dambang commune, Cheung Prey district, Kampong Cham province. This investment […]
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Land Ministry Prohibits Construction & Demolition Work Without Permission
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has strongly prohibited all construction companies from entering into construction contracts with any owners that have not yet received a construction permit, repair permit, demolition permit and construction site opening permit from the competent authorities. According to the notification letter dated 2 March 2022, this […]
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PM Orders Relevant Ministries for Request Permission Before Using Expropriation Law
Prime Minister Hun Sen has ordered the relevant authorities and ministries to ask for permission or approval before deciding to implement the Law on Expropriation, whereby the government can claim private land for public infrastructure development. PM Hun Sen made the order on 2 March during the inauguration ceremony of NR3. “The Law on Expropriation […]
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Gov’t selects location for Svay Chrom bridge: Night Market-Chroy Changva- Arey Ksat
The government has already selected the location for the Cambodia-Korea Friendship Bridge, which starts from the night market connecting to the Chroy Changva area and then Arrey Ksat with two bridges to be built. The decision is an initial selection and is not yet publicly announced, but was made by PM Hun Sen following the […]
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Construction begins on New ADB-funded US$10 million Beachfront Road in Kep
The construction new 12km beachfront concrete road in Kep province officially began with the groundbreaking ceremony presided over by Kep Governor HE Som Piseth on Tuesday 1 March. This new road connects Koh Tonsay tourist port to NR1332 in the Damnak Chang Eur district. The project is being built with an ADB’s financing of US$10 […]
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Gov’t Spends Approx. US$60m for Impact Resettlement of Ring Road 3
To date, the Cambodian government has spent a total of US$60 million to manage the impact resettlement of the Ring Road 3 project, while construction is expected to be completed one year later than scheduled also due to the impact resettlement issue. PM Samdech Hun Sen said during the NR3 inauguration ceremony on Wednesday 2 […]
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Urbanland Partner Banks Offering Up To 100% Home Loan with Low Interest Rate of 4.39%
Award-winning local real estate developer Urbanland, a member of ISI Group, has updated and entered into Memorandums of Understanding (MoU) with CIMB Bank and Bank of China, respectively, for their latest residential borey project, Chankiri Palm Creek. Homebuyers at Chankiri can now borrow up to 100% of the purchase price of a home from CIMB […]
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PM Hun Sen: Cambodia Shifts Focus From Quantity to Quality for Road Construction
The Cambodian government has changed its strategy from building roads by focusing on quantity and long-distance to building roads with long-lasting quality despite more capital being needed. Speaking at the inauguration ceremony of the NR3 on 2 March, Cambodian Prime Minister Samdech Hun Sen said that the construction of quality roads is in response to […]
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Draft Automotive & Electronics Sectors Roadmap Completed, Under Discussion with Stakeholders
The drafts of the automotive and electronics sectors roadmaps have been completed and are under discussion and review by supporting stakeholders and investors. The draft roadmaps were discussed on 1 March among eight ministries/agencies, with support from the UK government’s Accelerated COVID-19 Economic Support (ACES) programme in partnership with the Boston Consulting Group (BCG) to […]
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Japan Provides Grant Aid to Develop Infrastructure in Three Provinces
Japan has provided a total of US$527,122 grant aid through the KUSANONE program for the construction of bridges in Kandal and Kratie, and irrigation facilities in Banteay Meanchey. The grant contracts were signed on 1 March between Japan Ambassador to Cambodia Mikami Masahiro and the representatives of the three recipients respectively, to carry out the […]
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