Phase 1 of SHV Deep-Sea Port Expansion Scheduled for Completion in 2023
The first phase of the Sihanoukville deep-sea port expansion project funded by a US$207 million Japanese loan is scheduled for completion in 2023, according to Minister of Public Works and Transport HE Sun Chanthol on 16 February. HE Chanthol said that the first phase task to expand the seaport to 14.5 metres deep, on which construction will begin soon and will finish by 2023. "In addition, ...
Read MoreConstruction on Phnom Penh’s First Large-Scale Wastewater Treatment Plant to Begin in April
Construction of the US$27 million Japanese-funded large-scale wastewater treatment plant in the southern part of Phnom Penh is scheduled to begin on 26 April 2021, according to the Department of Public Works and Transport Director Sam Piseth. Mr Sam Piseth told the press on 15 February that plant will be built on 3 hectares of land in the Cheung Aek Lake area, a part of the Boeung Tumpun Develo...
Read MoreFeasibility Study of Phnom Penh Rapid Transit to Complete Next Month
The feasibility studies for three choices for the Phnom Penh mass transit project are ongoing. The AGT and monorail choices have been completed, while the subway option will be finalised next month. In the meantime, the government is also seeking funds to implement this massive undertaking. Minister of Public Works and Transport HE Sun Chanthol said during the 2020 Work Progress and 2021 Goals ...
Read MoreCambodia receives US$3 billion FDI from Japan through over 144 projects
As of the end of January 2021, Cambodia has received direct investment from Japan worth approximately US$3 billion through over 144 projects. This is according to a press release of the 21st meeting of the Cambodia-Japan Joint Committee on 11 February, which was chaired by the Secretary-General of the Council for the Development of Cambodia HE Sok Chenda Sophea and Ambassador of Japan to Cambod...
Read MoreSiem Reap River Sidewalk Renovation Project to Begin Soon
The 9km Siem Reap River sidewalk renovation project has reached the environmental and social impact assessment stage, as the Ministry of Public Works and Transport and Siem Reap provincial administration last week agreed on four main actions. According to Siem Reap Deputy Governor Ngan Phirun, those agreed actions include preparing the masterplan for the project; building new parking spaces, pe...
Read MoreEuroCham CSR Contest 2021 Launched, Construction Firms Urged to Join
The European Chamber of Commerce (EuroCham) in Cambodia launched the CSR Contest and Awards 2021 last week, with both Cambodian entities and foreign businesses, especially within the construction and property sectors, being urged to participate. Officially announced on 10 February, the CSR Contest and Awards 2021 is a Cambodia’s most prestigious CSR recognition award event organised biennially ...
Read MoreMPWT Speeding Up Work on Draft Wastewater and Sewage Law
The Ministry of Public Works and Transport (MPWT) is currently reviewing the wastewater and sewage system draft law again before submitting it for government approval. Undersecretary of State of MPWT HE Kem Borey said in a progress meeting on 10 February that the relevant technical working group is now speeding up the process as MPWT wants this law to become effective as soon as possible. “A...
Read MoreCDC Approves Two Investment Projects Worth Nearly US$70 Million
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building two factories worth nearly US$70 million in Kandal and Svay Rieng provinces. The first investment permit has been granted to Onion Mobility Co., Ltd, with the firm investing US$20 million to build a factory to assemble motorcycles and electric tricycles in Sovannaphum SEZ in Kandal prov...
Read MoreConstruction of Mondulkiri Airport Expected to Begin in 2022
The construction of the Mondulkiri airport project is expected to begin in 2022 after Prime Minister Hun Sen last week set up a special inter-ministerial committee to accelerate the implementation of this large-scale project. According to State Secretary of Civil Aviation (SSCA) spokesman Sin Chansereyvutha, the feasibility study will be completed within February and will be soon submitted for ...
Read MoreFive New Ecotourism Developments Planned for Koh Kong Province
Private firms are planning to develop five ecotourism resorts on approximately 50 hectares in the Dong Peng preservation area in Koh Kong province. The project has just received the green light from the government, after both parties inspected and set borders at the actual site on 09 February. All five projects will be developed in the protected zone called Dong Peng, of which each project m...
Read MoreWhy is it Necessary to Inspect and Verify Construction Works?
Following the promulgation of the Construction Law in 2019, Cambodia's construction sector has seen stronger enforcement to maintain the overall quality and safety in the sector. For example, the inspection and verification of construction work by a professional or a licensed certifier firm is legally required before starting to build or demolish any construction work. Why is it necessary to in...
Read More2021: Investing in Real Estate? What and Where?
In 2020, the real estate market in Cambodia came under pressure from the COVID-19 pandemic. According to the Cambodia Valuers and Estate Agents Association (CVEA), the number of transactions dropped by 15% - 20%. CBRE Cambodia has also reported the retail market is most affected, followed by the office and condo sectors. (Read more) What about 2021? Given the introduction of the COVID-19 vaccin...
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