Ministry of Mines prepares bidding for waste-to-energy project
The Ministry of Mines and Energy is preparing the documents for the bidding for a waste-to-energy project which will address the increasingly waste management and increase electricity supply in Cambodia, according to the ministry spokesman. Speaking with Construction and Property Magazine by phone, H.E Victor Jona, spokesman for the Ministry of Mines and Energy confirmed […]
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ADB pledges $89 million for water supply and sanitation services and financial sector
Two agreements worth $89 million were signed on 03 October by the Asian Development Bank (ADB) and Cambodia’s Ministry of Economy and Finance to improve access to water supply and sanitation services in rural areas, and to enhance the country’s financial sector. The agreements were signed by ADB Country Director for Cambodia Ms. Sunniya Durrani-Jamal […]
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Five major infrastructure projects in SEA win Bentley Systems’ Year in Infrastructure 2019 Awards Program
Five major infrastructure projects in Singapore, Malaysia and Indonesia have won the Bentley Systems’ Year in Infrastructure 2019 Awards Program which was awarded during the annual awards program held from 21 October through 24 in Singapore at the Marina Bay Sands Expo and Convention Centre. The awards were handed to SEA winners after project executors […]
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IMF researchers advise Cambodia to tighten lending measures on real estate amid high credit growth
New End-of-Mission statements by the staff teams of the International Monetary Fund (IMF) advises Cambodia to tighten its lending measures on the real estate sector amid the booming industry and high credit growth. According to an IMF press release, Cambodia’s GDP growth remains positive standing at around 7% in 2019, yet further policies are needed […]
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National Road 3 (Phnom Penh-Kampot) will cost more than US$219 million
With an approximately more than US$219 million will be used to construct a National Road 3 (Phnom Penh-Kampot), the road is believed to be high quality and long term of use. The budget of implementing this project came from the concession financing from the People’s Republic of China, together with the Royal Government of Cambodia […]
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Behind the Success of Design & Build in Cambodia’s Construction Industry
Construction in Cambodia has been rapidly growing in the last decade and expecting to grow more due to vast urban and rural areas that are left to be developed. According to Ministry of Land Management Urban Planning and Construction (MLMUPC), more than US$2.7 billion in construction investment projects were approved within the first quarter of […]
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Cambodia drops six places on Doing Business 2020, though construction improves
Cambodia has dropped six places in the World Bank’s ranking on Doing Business 2020, yet the country has made improvements in dealing with construction permits, getting electricity, and resolving insolvency among the 10 topics studied. The recently published Doing Business 2020 shows that Cambodia ranks 144 out of the 190 rankings, reflecting a drop of […]
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Deputy Prime Minister demands single standard for new road construction in Sihanoukville
Cambodia’s Deputy Prime Minister and Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC) H.E Chea Sophara has instructed the contractor for road construction in Sihanoukville to ensure a single standard of construction for the road building in the province. The instruction came as the construction contract for 34 roads in Sihanoukville […]
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Cambodia must address challenges to benefit from digital economy
With the rapid development of the digitised society, Cambodia still needs to improve in a number of areas to gain benefit from the digital economy, according to a recent World Bank report. The report concludes that Cambodia still needs to address four challenges before absorbing the diverse benefits available from a digital economy. According to […]
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CCA attends 41st IFAWPCA Mid-term Executive Board Meeting
The Cambodia Constructors Association (CCA) joined a special summit of the International Federation of Asian and Western Pacific Contractors’ Associations (IFAWPCA) in Thimphu, Bhutan for the 41st IFAWAPCA Mid-term Executive Board Meeting. Held on 30-31 July 2019 at the Terma Linca Resorts & Spa, the meeting discussed the nomination of the rapporteur for the term […]
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Online real estate marketers buzzing as Cambodia’s e-commerce law approved
Real estate marketers have expressed excitement at the ability to develop online digital platforms to promote sales after the Cambodian National Assembly approved the draft law on e-commerce. Speaking at the Property Market Update event on 25 October hosted by Vtrust Appraisal, Chairman of VTrust Mr. Kuy Vat views online marketing as a vision for […]
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Bangladesh to send construction workers as Cambodian numbers decline
The construction sector employs an average of 200,000 to 220,000 Cambodian workers per day, but this number dropped by 31.81% in September 2019 compared to the same period of last year, according to an October report by the Ministry of Land Management Urban Planning and Construction (MLMUPC). Bangladesh’s New Age news reported that Salim Reza, […]
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