VINCI Secures Management of Techo International Airport, Expanding Presence in Cambodia’s Aviation Sector
French conglomerate VINCI has successfully acquired the management rights for the Techo International Airport in Takhmao City, further expanding its footprint in Cambodia’s aviation sector. The company, which already operates Phnom Penh International Airport, Siem Reap International Airport, and Sihanoukville International Airport, has now added the Techo Takhmao International Airport to its portfolio. This acquisition […]
Read More
Construction of the Cambodia-Korea Friendship Bridge to Begin in Early 2025
The highly anticipated Cambodia-Korea Friendship Bridge, which will connect Phnom Penh’s Chroy Changvar area to the Areyaksat night market in Kandal province, is set to break ground in 2025. According to HE Phan Rim, spokesperson for the Ministry of Public Works and Transport, the ministry has approved the final report on the project, marking a […]
Read More
Reasons Why Borey Peng Huoth The Star Diamond is The Jewel of Phnom Penh’s 60-Metre Development Area
Situated in the rapidly expanding southern part of Phnom Penh, the 60-metre development area is anchored by Borey Peng Huoth The Star Diamond, an ambitious project that is reshaping the region into a bustling, densely populated urban hub. Renowned for its strategic location and impressive growth, the project is a magnet for homebuyers and investors […]
Read More
Techo Takhmao International Airport Nears Completion with 82% of Construction Finalised
The ambitious construction project of Techo Takhmao International Airport, a Class 4F facility with an initial investment of USD 1.5 billion, is now 82% complete, according to AMS Central media on 27 August 2024. His Excellency Mao Havnall, Spokesman of Civil Aviation, confirmed that the remaining construction work, less than 20%, is on track to […]
Read More
New Bridge Planned to Enhance Traffic Flow in Kampot Province & Boost Tourism
The Kampot provincial authorities have announced plans to construct a new bridge across the Kampong Bay canal to alleviate traffic congestion and improve accessibility for both local and international tourists, particularly around the base of the Kampot Prek Bridge, which has been exacerbated by rising tourist numbers during weekends and major national holidays, as reported […]
Read More
Cambodia Raises Nearly USD 11m for Border Ring Road Construction from Patriotic Citizens
By 8pm on 28 August 2024, the Border Infrastructure Fund, dedicated to the construction of Cambodia’s border ring road, had accumulated nearly USD 11 million in donations from over 180,000 philanthropists, reflecting a strong spirit of national unity and commitment to national development. This significant contribution was announced by the Ministry of Information on 29 […]
Read More
Canada-ASEAN Business Council Eyes Agro-Industrial Investments in Cambodia
The Canada-ASEAN Business Council (CABC) is actively exploring investment opportunities in Cambodia’s burgeoning agro-industrial sector, underscoring the nation’s potential as a hub for agricultural and food industry growth. This initiative was discussed during a meeting on 28 August 2024 between HE Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the […]
Read More
Cambodia Seeks Japanese Assistance for Major Upgrade of NR No. 1 to Ease Traffic Flow
Cambodia has officially requested support from the Japan International Cooperation Agency (JICA) to upgrade NR No. 1, a key route stretching from Phnom Penh to Phnom Penh Autonomous Port, in a bid to alleviate traffic congestion and enhance the transportation of goods. This proposal was discussed during a meeting between the Ministry of Public Works […]
Read More
Cambodian Gov’t Sets Ambitious USD 13bn Loan Ceiling Over Five Years
The Cambodian government has unveiled a comprehensive public debt management strategy for 2024-2028, setting a borrowing limit of up to US$13.5 billion over the next five years. This strategic plan outlines annual borrowing from financial institutions and foreign development partners, ranging between US$2.3 billion and US$2.7 billion. According to the new strategy, while the government […]
Read More
Cambodia Welcomes Over 460k Chinese Tourists in Seven Months, Marking a 45% Increase
In the first seven months of 2024, Cambodia saw a significant boost in tourism with 463,980 Chinese tourists visiting the country, representing a 45.6% increase from the same period last year. This surge in visitors highlights the growing appeal of Cambodia as a travel destination for Chinese tourists, who now make up 12.4% of the […]
Read More
Korean Incheon Airport Corporation Expands Global Footprint with USD 13bn Project in Vietnam
In a significant move to expand its global presence, Incheon International Airport Corporation has been selected as the preferred contractor for consulting services on the operation of Vietnam’s new Long Thanh International Airport. The project, which marks a major milestone in Southeast Asia, is set to reduce congestion at the overburdened Tan Son Nhat International […]
Read More
Malaysia’s High-Speed Rail Project Gains Momentum Amid Hopes for China Extension
Malaysia’s long-anticipated High-Speed Rail (HSR) project, linking Kuala Lumpur and Singapore, is gaining traction with the potential to extend the line to China, which could significantly enhance its economic viability. The project, which is estimated to cost between USD 15.7 billion and USD 18 billion, represents a significant reduction from the original USD 24.7 billion […]
Read More