Construction Starts on New 6-Storey NIE Smart Classroom Building
Construction has officially begun on the new 6-storey smart-classroom building of the National Institute of Education (NIE) thanks to funding by Prime Minister Samdech Hun Sen. The groundbreaking ceremony was held on 23 September and chaired by Minister of Education, Youth and Sports HE Hang Chuon Naron, while the construction is set for completion by late 2023. Equipped with modern faciliti...
Read MoreADB Sets Aside US$1.4bn Loan & US$31.8m Grant Aid for Cambodia in Next 4 Years
The Asia Development of Cambodia (ADB) have prepared over US$1.49 billion in concessional loans and US$31.8 million in grant aids for Cambodia in the next four years from 2021 to 2024. According to the ADB’s press release last week, both concessional loans and grant aids aim to support Cambodia’s economic development and recovery from the COVID-19 pandemic. Regarding the public debt in Cambo...
Read MoreExperts to Discuss Impacts of Hazardous Construction Materials in Cambodia
The EuroCham partnered with Union Aid Abroad - APHEDA will host a virtual conference addressing “Impacts of the Hazardous Construction Materials” on Monday 27 September. The webinar session will gather leading real estate & construction experts and professionals to share knowledge and the most up-to-date know-how experiences within the sector. The speakers include Managing Director at Ar...
Read MoreNagaCorp to Start Superstructure Work on NagaWorld 3 in 2023
NagaCorp said that the superstructure works of NagaWorld 3 in Phnom Penh, Cambodia will start in the first semester of 2023, after the construction site preparation was begun in 2018. According to the firm’s 2021 interim report released on 20 September, to date, the design development work is ongoing and is on schedule for the completion of the drawings and for the super-structure construction ...
Read MoreNR5 Battambang-Serey Sophorn Section Opened for Public Usage Today
The National Road 5 Battambang-Serey Sophorn section and Battambang city detour highway have been opened for public usage from today onward after construction was completed. Meanwhile, the other three sections are on track for completion by 2022, 2023 and 2024, respectively. According to the Ministry of Public Works and Transport (MPWT), the remaining sections that are under construction inc...
Read MoreMPWT Institute Partners with CLA to Strengthen Cambodia Logistics & Transport Sector
The Techo Sen Institute of Public Works and Transport (MPWT Institute) and the Cambodian Logistics Association (CLA) have inked a partnership deal to strengthen the quality of students and solve the shortage of technical experts in Cambodia. The Memorandum of Understanding was signed between the two parties on Thursday 23 September 2021. Under this cooperation, the two parties will jointly o...
Read MorePan Pacific Hotels Group to Open Branches in Phnom Penh & Siem Reap in 2023
Singapore-headquartered Pan Pacific Hotels Group will enter the Cambodia market in 2023, with one hotel scheduled to open in Phnom Penh and another in Siem Reap city. According to the group press release on 22 September, the group will open Pan Pacific for Phnom Penh, and PARKROYAL for Siem Reap. The 212-room Pan Pacific Phnom Penh will be situated centrally on the bustling Norodom Boulevard...
Read MoreADB Lowers 2021 Cambodia Growth Forecast to 1.9%, Jumping Back to 5.5% in 2022
The Asian Development Bank (ADB) has lowered the 2021 Cambodia economic growth forecast from 4% to 1.9% but expects to see a 5.5% to the growth rate in 2022. According to the Asian Development Outlook Update (ADOU) 2021 report, the main factors causing the lower growth rate are the prolonged pandemic, closures and temporary shutdowns which affected domestic demand services, and the garment sect...
Read MoreNew Public Beach Resort Development Proposed for Kampot Province
The Kampot Provincial Administration has given an initial green light to the proposal of developing a new beach resort along the Kampong Bay River but ordered the investment firm to submit a full report for approval before reaching the investment agreement signing stage. Kampot Governor HE Cheav Tay expressed his support for the project after inspecting the actual site on Monday 20 September. ...
Read MoreChinese Investors Mull Establishing Public bus service in Sihanoukville
Chinese investors have requested approval from the government to invest in establishing a public bus network and service in Sihanoukville. This request was made during a meeting between Sihanoukville Governor HE Kouch Chamroeun and Chinese investors on Wednesday 22 September. According to the Chinese investors, for the first phase, there will be 30 buses, which will run on some major roads i...
Read MorePPAP Mulls Establishing New SEZ Adjacent to Phnom Penh Port
Phnom Penh Autonomous Port (PPAP) has unveiled a plan to establish a special economic zone (SEZ) next to the current port location. The project was announced as the number of container traffic passing through the port has increased significantly. Director General of Phnom Penh Autonomous Port HE Hey Bavy mentioned the plan in the opening ceremony of the new container terminal held on Monday. ...
Read MoreTboung Khmum Authority Issues New Regulations Strengthening Land Use & Construction
The Tbong Khmum Provincial Administration has issued four new regulations to strengthen control over all construction works, landfilling activities, and especially the divided land plot businesses within the province. According to the announcement dated 22 September 2021, the new regulations were issued after the administration found that some people were using land and building constructions t...
Read More