600 hectares of Protected Land in Sihanoukville Given to Local Tycoons for Development
The Cambodian Government has given a 600-hectare land plot carved from the 2002- mangrove forest preservation and protected area Sihanoukville to Okha Seng Nhak and his wife Ly Arpon for investment and development purposes. According to a sub-decree dated 08 June 2020, this 600-hectare land plot is located at the southern part of Sihanoukville international airport, in Ream and Bet Traing Commu...
Read MoreGDT to Strengthen Property Tax Collection Amid 3.5% Tax Revenue Growth in Q3
The General Department of Taxation (GDT) will continue to strengthen property tax collection. This news comes as tax revenue in Q3 2020 has risen to over US$2 billion, according to the GDT quarter report on 12 October. The tax revenue collected by GDT has reached US$2.2 billion or equal to 78.1% of the annual plan. Compared to the same quarter of 2019, there is a US$80 million or 3.71% increase...
Read MoreSihanoukville Airport Runway Expansion Complete
The runway restoration and expansion at Sihanoukville International Airport has been completed and is scheduled to officially open by the end of 2020, according to the Sihanoukville Provincial Administration. The blessing ceremony for the completion of this new runway was held on 13 October under the presidency of Minister of the Secretariat of Civil Aviation HE Mao Havanna and Sihanoukville Go...
Read MoreChina-backed Dara Sakor Airport to Test First Flight Before March 2021
The controversial China-backed Dara Sakor Aiport in Koh Kong will run its first test flights before March 31, 2021, as construction is approaching completion, according to Minister of the Secretariat of Civil Aviation HE Mao Havanna during an official inspection from 10-12 October. During the inspection, the technical team reviewed the report from the Union Development Group (UGD) and also visi...
Read MoreJapan Providing US$35million Grant Aid to Repair Seven Bridges in Prey Veng and Kratie
The Japanese government is currently providing approximately US$35 million in grant aid to restore seven bridges in Prey Veng and Kratie provinces which under the risk of flooding. Senior Minister of Public Works and Transport HE Sun Chanthol mentioned this during the handover ceremony of road construction machinery on the morning of 12 October. (Read more) “Currently, Japan is providing gra...
Read MoreJapan Funds US$1 billion for Infrastructure Development in Cambodia
Japan provided at least US$1 billion in funds, including grant aid and loans for Cambodia infrastructure development, according to the Minister of Public Works and Transport (MPWT). Minister of Public Works and Transport HE Sun Chanthol stated the figure during the handover ceremony of 15 pieces of construction machinery as grant aid from Japan on 12 October. HE Sun Chanthol said that Japan ...
Read MoreJapan Grants 15 Construction Machines to Promote Infrastructure Development in Cambodia
The Government of Japan has handed over 15 road construction machines worth US$4.5 million to help improve road construction projects in Cambodia. The handover ceremony was held on 12 October and presided over by Ambassador of Japan to Cambodia and HE Sun Chanthol, Minister of Public Works and Transport. The grant comprises of 15 machines such as Road Stabiliser & Accessories (3 units), ...
Read MoreChina to Fund Three More Major Infrastructure Developments in Cambodia
China is planning to sign more agreements funding at least three major infrastructure development projects in Cambodia, including installing submarine optic cables, restoring NR 71C, and the improving rural power transmission line phase 7. The Chinese government stated the intention during an official meeting between Cambodian Deputy Prime Minister HE Hor Namhong and Councilor and Minister of F...
Read MoreCambodian Cultural Village in Siem Reap to Shut Down Next Month
The Cambodian Cultural Village Resort will completely shut down in early November following months due to no tourists following the COVID-19 pandemic. A statement issued on 11 October by the management team said that due to the spread of COVID-19 in recent months, the number of visitors has dropped dramatically and posed severe economic and financial threats to the company. Therefore, the co...
Read MorePart of the Controversial Dara Sakor Project Officially Launched
Despite sanction from the United States, part of the multi-billion-dollar Dara Sakor Project Stardeam Lake Tourism Town in Koh Kong has officially opened for sale. The official sale opening ceremony was held on 09 October with the presence of Koh Kong provincial governor Mithona Phouthorng and representatives from Union Development Group (UDG). Governor Mithona emphasised that Dara Sakor Sta...
Read MoreCambodia Never Asks to Delay Loan Repayments from Foreign Creditors
Despite the COVID-19 crisis, Cambodia has never asked creditors to delay payment or disobey any international financial obligations, according to government spokesman HE Phay Siphan on 09 October. “As noted by Prime Minister Hun Sen, Cambodia is in a better position compared to some other countries in terms of financial status during the COVID-19 period. Cambodia has never asked creditors to de...
Read MoreConstruction of Phnom Penh-Sihanoukville Expressway 26% complete
As of the end of September, the construction of Phnom Penh-Sihanoukville Expressway was 26% complete, while the whole project is set to finish by 2023. Ministry of Public Works and Transport spokesman Heang Sotheayuth told National Radio of Cambodia on 09 October that the construction of this way expressway is over 26% complete, and the construction company is dividing its force into five teams...
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