Largest concrete pour celebrated in Bangkok
The developer responsible for the One Bangkok project in Thailand has claimed the biggest continuous concrete pour ever in Southeast Asia while building one of the office towers on the US$.7 billion development. During the mammoth concrete our, 547 trucks delivered 23,725 cubic meters of concrete over 33.25 hours to make the 4.5-meter-deep raft foundation […]
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MPWT writes warning letter to company constructing National Road 2 and Road 22
The Ministry of Public Works and Transport (MPWT) has issued a warning letter to Korean Company Hanshin contracted to build National Road 2 and National Road 22 following the discovery of delays in construction works, inadequate machinery equipment on sites, and lack of technical expertise in the implementation. The warning was made by MPWT Minister, […]
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Kep Tourism Master Plan includes construction of new tourist port and expansion of two beaches
The Kep Provincial Governor is building a Kaoh Tonsay tourist port and planning to expand two beaches – a public beach and Angkoal natural beach – to advance major infrastructure development and to welcome increasing numbers of tourists. The beach expansion project sites include A 3km public beach (running from the water treatment station to […]
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Land Ministry to draw up a budget of about US$100 million for LASED III
The Ministry of Land Management Urban Planning and Construction (MLMUPC) is preparing to propose another project on the Land Allocation for Social and Economic Development Phase III to improve living standards of people through allocating land for agriculture and building houses. The proposed project will utilize a budget of US$100 million, according to Mr Rithy […]
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Chinese company proposes USD160 million parking garage on Phnom Penh outskirts
China Good Cars Holding Ltd plans to propose the construction of a large modern parking garage on the outskirts of Phnom Penh with an investment budget of USD160 million to reduce traffic congestion in Phnom Penh. This investment plan was revealed by representatives of China Good Cars Holding Ltd to H.E Sun Chanthol, Minister of […]
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KrisEnergy secures US$87 million loan for offshore project in Cambodia
KrisEnergy has said that on 30 April 2020 it entered into a credit facility agreement with Kepinvest Singapore Pte. Ltd. as a lender for a loan of up to USD87 million for its offshore development project in Cambodia. This is according to a press release published in Offshore Engineer on 01 May 2020. KrisEnergy will […]
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AIIB announces US$5 billion COVID-19 recovery fund
The Asian Infrastructure Investment Bank (AIIB) announced plans in April to launch a US$5bn crisis recovery fund to support a quick turnaround after the coronavirus pandemic. The US$5bn fund is intended to meet emerging demand among its low-income members, whose economies could be hit the worst by the Coronavirus. Cash would be made available for […]
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Minister of Public Works drills road to prove no corruption
Holding two big pieces of broken rubber drilled from the road, Minister of Public Works and Transport Sun Chanthol told the national press that “The ministry has now taken a new step: to make road quality better. With regard to criticism where people have said the Ministry cheats on road constructions, it does not hold […]
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Government exchanges 30 hectares of Beoung Ta Mok with other three land areas
The government has decided to grant ownership of 30 hectares of Beoung Ta Mok to Mrs Kim Heang in exchange with three other land areas, according to a letter from the Council of Ministers to the Minister of Economy and Finance, the Minister of Land Management, Urbanisation and Construction, the Minister of Water Resources and […]
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Dr Kim Heang: What concerns me most is that foreign investors don’t come and Khmer take no action
Many business executives have suspended their projects for fear of themselves of their workers being affected by the spread of the COVID-19 pandemic, which remains a serious threat to global health with no certainty when it will be resolved. However, as an outstanding real estate investor in Cambodia, Dr Kim Heang continues to develop his […]
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New Flyover at Kbal Thnal area officially opened for official use
Kbal Thnal Flyover connecting Monivong Boulevard to Norodom Boulevard will open for public use from May 1, 2020, onward to address traffic congestion in the Kbal Thnol area. According to the official website of the Ministry of Information on 30 April 2020, Mr. Met Measpheakdey, spokesperson for Phnom Penh City Hall, said that “This new […]
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CBRE: Office rental rates on downward trend from Q2
Occupancy rates of office rental business began to decline from April after remaining robust in Q1. Meanwhile, new rental rates will also begin to decline towards the end of the year, after initial upward movements only a month before the COVID-19 eruption. The dropping trend in rent rates is likely to reverse the increasing supply […]
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