Gov’t receives more than US$ 2 million as ECL rent income as the total land area is 1.16M hectares
The Ministry of Agriculture, Forestry, and Fisheries has provided 229 economic land concessions for agro-industrial investment and a total contract area of 1,167,419 hectares throughout the country. Of these, 72 ELC companies have paid annual land fees of $2,056,381.06 million to the government of August 2022, while other concession companies will continue to pay until the end of this year, HE ...
Read MoreConstruction Begins on Major New Road in Kampong Chhnang Province
Construction has officially begun on a new 11km DBST road connecting Teuk Chech village in Rolea Bier district to Sre Sar village in Kampong Tralach district. With a ground-breaking ceremony held on 25 August, the construction of this major road in Kampong Chhang province will take 12 months to be completed and use a total budget of US$1.5 million. The road is being built by HENG SAMBAT Co. ...
Read MoreGov’t Urges Private Sector to Build More Affordable Housing Amid High Demand
The government has urged the private sector to continue building more affordable housing projects to meet growing demand, while to date Phnom Penh and Kandal have a total of four state-private affordable housing projects. HE Theng Chansangvar, Secretary of State of the Ministry of Land Management, Urban Planning and Construction, said in a press conference on 24 August that building affordable ...
Read MoreCCA to organize business trip to Thailand for members
The Cambodia Constructors Association (CCA) in the cooperation with Thailand Convention and Exhibition Bureau will arrange a business tour for members and other Cambodian construction-related firms to Thailand, aiming to help them expand their business networking and boost Cambodia’s construction sector. To be held on 21-23 September, the business tour will include participation in Thailand’s B...
Read MoreLaw on Non-Tax Revenue Promulgated
The Cambodian government officially promulgated the Law on Non-Tax Revenue on 18 August 2022. With 12 chapters and 101 articles, the law was enforced to manage non-tax revenue for the national budget effectively, and transparently. Non-tax revenue includes but is not limited to: -Revenue from state property management -Revenue from public enterprises, public partitions, and other finan...
Read MoreMLMUPC Registers Over 1.6 million Plots of Land Since 2018
From 2018 to H1 2022, the government has registered over 1.6 million plots of land, 24% of the total estimated land plots, according to HE Seng Lot, Director General of the Administration Department of the Ministry of Land Management, Urban Planning and Construction in a press conference on 24 August. Within these 5 years, the systematic registration of land plots was recorded at 1,679,558 plot...
Read MoreMLMUPC Contributes Approx. US$150 million Per Year to National Budget
The Ministry of Land Management, Urban Planning, and Construction Cambodia (MLMUPC) has been contributing an average of US$150 million annually to the national budget, one of the largest contributions from a ministry. The figure was explained by HE Seng Lot, Director General of the Administration Department of the Ministry of Land Management, Urban Planning and Construction in a press conferenc...
Read MoreGov’t Gifts 1.4 million Hectares of Social Concessional Land to Veteran Families
To date, the government has provided a total of almost 1.4 million hectares of social concessional land to veteran families and border guards. The figure was explained by HE Seng Lot, Director General of the Administration Department of the Ministry of Land Management, Urban Planning and Construction in a press conference on 24 August. “To show gratitude to veterans and border guards who hav...
Read MoreThailand Provides Over US$27m to Build Road Connecting Siem Reap to Sisaket
The Thai government has approved a loan of THB983 million (US$27 million) to the Cambodian government to build a new national road connecting Cambodia’s Siem Reap to Thailand’s Sisaket. According to a Bangkok Post report on 24 August, this new national road (NR67) connects Siem Reap to Anlong Veng to Chong Sangam and then to Sisaket province in Thailand. Deputy Spokeswoman for the Thai gover...
Read MoreConstruction of Oddar Meanchey-Siem Reap 230kV Transmission Line 95% Completed
Pestech (Cambodia) ‘s 230-kilovolt transmission line project connecting an energy plant in Oddar Meanchey province to Siem Reap province is 95% completed and is scheduled to be commercially operational by the end of this year. Pestech (Cambodia) released the update in a file submitted to the Cambodia Securities Exchange recently. Pestech CEO Han Fatt Juan said that the construction has been ...
Read MorePhnom Penh Autonomous Port Earned Nearly US$20m in H1 2022, 29% Increase Y-o-Y
During the first half of 2022, the Phnom Penh Autonomous Port (PPAP) earned nearly US$20 million in revenue, an increase of about 29% compared to the same period last year. PPAP Director General Hei Bavy said on 23 August that the increase in revenue is due to the increase in exports of Cambodian agricultural products, as well as the export of textile and garment products to foreign markets. ...
Read MoreLand Ministry speeds up Run Ta Ek new community zone establishment
After finding over 8,000 cases of illegal construction in Angkor park, the Minister of Land Management, Urban Planning, & Construction HE Chea Sophara has issued an urgent order to pare 6,500 plots of land in Run Ek in Banteay Srey District for those families. (Read more) HE Sophara said on 22 August that only the eligible families that meet the requirement will get those land plots and the...
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