Construction of PP-SHV Expressway 70% Complete, Set to Finish Ahead of Schedule
Construction of the 190km Phnom Penh-Sihanoukville expressway is approximately 70% complete as of November 2021, according to the Ministry of Public Works and Transport (MPWT)’s spokesperson Heang Sotheayuth. Mr Sotheyuth added that the project is expected to be completed ahead of schedule, moving from 2023 to late 2022. Early this month, the Chinese company building the new Phnom-Penh-Sihan...
Read MoreLand Registration Campaign in Kampot Over 70% Complete
To date, the land registration mission in Kampot province is over 70% complete, as land plots in 358 villages have been registered and got their title deeds issued. The data was unveiled during a site inspection of Kampot Governor HE Mao Thonin to the Banteay Meas village in Banteay Meas district on Thursday 25 November. HE Mao Thonin said that since the start of the implementation in Octobe...
Read MoreFrance Mulls Setting Up Modern Drainage System in Battambang to Halt Flooding Issue
The French Agency for Development (AFD) is mulling conducting a feasibility study to establish a standardised drainage system in Battambang province, to halt the annual flooding stemming from the rise of the water level in the Sangke River. The plan was proposed by AFD Country Director to Cambodia Ms Bourhis Ophélie during the meeting with Battambang Governor HE Sok Loo on 23 November. This ...
Read MoreLaw on Public-Private Partnerships Officially Enacted
The Law on Public-Private Partnerships (PPP) has been officially enacted to promote and reduce institutional red rape for all public-private investment projects. According to the new law, a public-private partnership refers to an agreement between government bodies and private sectors to rehabilitate, expand, construct, operate and/or maintain public infrastructure, or to provide public service...
Read MoreGov’t Extends Tax Exemption to COVID-19 Affected Businesses Until March Next Year
The General Department of Taxation (GDT) has extended tax exemptions to businesses affected by the COVID-19 pandemic until March 2021. GDT Director General HE Kong Vibol recently said that by seeing difficulties faced by business owners in the sectors such as tourism, and aviation, among others, the government will continue to extend tax exemption period for another 3 months from the original d...
Read MoreMPWT to Soon Begin Expansion Work on NR21B Section in Kandal Province
The Ministry of Public Works and Transport (MPWT) will soon start expansion work on a 3km section of NR21B, from the junction with NR2 to the roundabout of Prek Samrong Bridge in Kandal province. MPWT Minister HE Sun Chanthol said during a site inspection on Wednesday 24 November that NR21B has a total length of 12.33km, but the 3km section is the crucial part for big trucks to detour the city ...
Read MoreMEF Minister Urges ASEAN Valuers Association to Enhance Regional Real Estate Standards & Guidelines
Deputy Prime Minister and Minister of Economy and Finance HE Aun Pornmoniroth has urged the ASEAN Valuers Association Congress (AVA) to consider implementing four major guidelines to promote sustainable development of the real estate sector. The request was made in his opening speech at the 23rd ASEAN Valuers Association Congress on Thursday 25 November. HE Minister Aun Pornmoniroth stated t...
Read MoreMEF: Real Estate to Recover in Line with Economic Growth; 2.4% in 2021 & 4.8% in 2022
Cambodia's real estate sector is projected to recover quickly supported by a gradual increase in foreign investment inflow and the increase in demand for low and medium price properties. Deputy Prime Minister and Minister of Economy and Finance HE Aun Pornmoniroth made these remarks at the 23rd ASEAN Valuers Association (AVA) Congress on 25 November. HE Aun Pornmoniroth stated that the real ...
Read MoreOCIC, CAIC Sell US$20-million Bond to FTB Bank to Fund Phnom Penh Airport Development
Cambodia Airport Investment Co., Ltd (CAIC) has issued and sold US$20 million in guaranteed bonds to FTB bank to collect more funds for the construction of the new Phnom Penh International Airport in Kandal province. The agreement of the US$20 million guaranteed bonds was signed by Charles Van, CEO of OCIC and CAIC, and Dith Sochal, General Manager of FTB. With an interest rate of 5.5% per a...
Read MoreNew Prakas: Construction Projects Must Request Architectural & Structural Design Approval
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has issued a new Prakas requiring construction projects to request architectural and structural design approval from the ministry prior to becoming eligible to apply for a construction permit. According to the Prakas dated 22 November 2021, design verification/approval is a must for all types of constructions that are req...
Read MorePM Sets Goal to Transform Cambodia into Regional Production, Business& Investment Hub
Cambodia Prime Minister Samdech Hun Sen has vowed to continue implementing more favourable policies to attract foreign investment and to transform Cambodia into a high-potential regional hub for production, business, and investment in the near future. PM Hun Sen made the remarks during the opening speech of the 1st Asia-Europe Economic and Business Forum on 24 November. He said that Cambodia...
Read MoreUS$50 million Chinese-funded Tbong Khmum Hospital 97% Complete
The construction of the US$50 million Cambodia-China Friendship Hospital in Tbong Khmum is now over 97% complete and set for final completion by the end of November, according to a site inspection by Minister of Health HE Mam Bunheng on Tuesday 23 November. Upon completion, this hospital will become a modern standardised facility and the largest hospital to serve the region including Tbong Khmu...
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