China Building Collapse Claims Seven
The simultaneous collapse of four residential buildings in eastern China claimed at least seven lives in February. According to news agency Xinhua, the five-storey buildings collapsed early in the morning of 2 February in Dahui village, Baizhangji township, Wenzhou, an industrial city in eastern China’s Zhejiang Province. The collapse reportedly killed seven and buried a further nine. An inv...
Read MoreMalay-s’pore Rail Link Contracts Sealed
Malaysia and Singapore have announced the winners of key contracts for the showcase Kuala Lumpur – Singapore high speed rail link. US engineering giant Aecom will provide engineering consultancy services such as advanced engineering studies as well as architecture, civil engineering and M&E services to the Singapore end of the line, including for the iconic Jurong East terminus. Meanwhile, ...
Read MoreMalaysian Builders Protest at Foreign Worker Ruling
A new initiative by the Malaysian government for construction firms to pay an increased levy for every foreign worker has resulted in protests from the industry. As of 1 January 2017, construction companies were required to pay a fee of USD413 per worker, up from USD213. Employers of the estimated 900,000 foreign workers believe this will extract a further USD447m from the industry, making it l...
Read More40km stretch of National Road 6A opens
After 48 months of construction, the new 40km stretch of National Road No. 6A officially opened to traffic in early April. The road connects Prek Leap commune in Phnom Penh’s Chroy Changvar district to the junction of Kompong Cham’s Batheay district. The new segment, ranging between 7 to 20 metres was financed by a USD70 million loan from China. Construction kicked off in January 2012 and was b...
Read MoreCambodia’s mega stadium to go online in 2021
Some facilities of the Morodok Techo National Sports Complex are already operational with the main stadium aiming to be fully completed in 2021, two years before the nation hosts the 32nd SEA Games. Inaugurated by Cambodian Prime Minister Samdech Hun Sen on 4 April, facilities already completed include the international standard swimming centre and the indoor competition center. The swimmin...
Read MoreInvestment Insight : Construction Permit Process
A permit for construction of buildings (“Construction Permit”) is mainly regulated by Sub-Decree #86, adopted by the Royal Government of Cambodia on 19 December 1997. Under this Sub-Decree, all individuals, public or private entities shall have the rights to construct a building on their own titled land. All constructions (new construction, reconstruction, major renovation, expansions, and ...
Read MorePhnom Penh’s Biggest Road Opens
Samdech Hun Sen Boulevard, Phnom Penh’s biggest road was officially opened to commuters in early April. Named after the Cambodian prime minister, it will serve to ease traffic congestion in the capital’s southern region. Stretching more than 9km in length, the avenue connects Street 271 near Kbal Thnal junction in Phnom Penh’s Meanchey district in the north to National Road 2 at Prek Kampue...
Read MoreINVEST IN FIRE SAFETY: SAVE YOUR PROPERTY… SAVE LIVES
Cambodia is rapidly developing with Phnom Penh’s ever changing skyline representing the country’s economic growth and development. Thus as the city continues to expand with increasing high density living, so too does the risk of fire outbreak. Fire Risk is Real Last year 14 people died and 54 were injured in 612 reported incidents of fire (22 more than in 2015), according to the Ministry of...
Read MoreSIKA marks 15 years serving Cambodia
26 March, 2017 marked 15 years of SIKA operations serving the Cambodian market. SIKA is a global supplier of specialty chemicals in construction headquartered in Switzerland with over 100 years of experience. This giant chemical expert opened its Cambodia subsidiary 15 years ago under the company name SIKA (Cambodia) Ltd. The firm has operated to date with 35 dedicated employees while its lo...
Read MoreConstruction insurance policies: The main things to know before starting any construction work in Cambodia
According to Article 37 of the Law on Insurance dated 4 August 2014 and the Sub-Decree No. 06 dated 22 October 2001, individual or legal entity who is the owner or the operator of a construction site in Cambodia must take out a construction liability insurance policy before starting any construction work.
Read MoreCapital controls bind Chinese project
China’s increasingly strict capital controls are beginning to impact projects in Cambodia including a proposed USD3 billion tourism development in Preah Sihanouk province. Hong Kong-based Guangzhou R&F Properties first announced the coastal hotel project to great fanfare in January 2017. Its founder Zhang Li has now reportedly requested approval from the Chinese government to move the cash ...
Read MoreTransmission line contract awarded
The contract to build a second transmission line to connect the Stung Tatai hydropower dam in Koh Kong province to Phnom Penh has been awarded to a Malaysian-owned company. Pestech (Cambodia) Ltd will construct the 220km line which will have a capacity of 230 kilovolts with the project valued at USD100 million. Pestech will undertake all of the design, engineering and construction on behalf of ...
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