Cambodia’s Energy Blue Print

Q&A: H.E. KEO ROTTANAK, Director of EDC Construction & Property Magazine was recently privileged to be granted an exclusive interview with HE Keo Rottanak, Director of EDC and Advisor to Samdech Prime Minister Hun Sen. He spoke about the successes and challenges faced by the power generation sector and the impact of the booming construction and property industries. DEVELOPING GENERAT...

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CCA Concrete Kings

Concrete and products associated with it are the most significant aspects of almost every building project. This issue, Construction & Property Magazine profiles eight CCA members whose core businesses relate to concrete. Camcona Group Co., Ltd. Camcona Trading joined CCA last year and is one of Cambodia’s leading construction-related equipment and decoration distributors in Cambodia. Am...

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Japan Joins Vietnam Airport Project

During a recent meeting between the Vietnam Ministry of Transport and its Japanese counterpart, Japan reportedly showed interest in joining the development of Vietnam’s Long Thanh International Airport. The project will cost Vietnam $16 billion with construction being expected to begin by 2019 and expected to commence operations in 2023. Japan is the largest ODA source for Vietnam’s transportat...

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3rd CCA Summit and Lst Large-scale Expo a Resounding Success

The Cambodia Constructors Association (CCA) successfully organized its 3rd annual summit on 3-5 December and also organized a very large-scale building expo to showcase the latest building products, technologies and properties on the market. Hosted at the Diamond Island Exhibition and Convention Center in Phnom Penh the 3rd Cambodia Constructors Association Summit and Cambodia Construction Indu...

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Hanoi Approves Two Mega Projects

Official approval has been given for two mega real estate projects in Hanoi collectively worth $2.28 billion. The projects, to be developed by Vingroup, Vietnam’s leading property firm, and Bitexco Group, which is famous for the Bitexco skyscraper in Ho Chi Minh City. Bitexco’s multi-use development, The Manor Central Park, has an investment capital amounting to $1.9 billion. The complex will c...

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Neak Loeung Bridge to Open Early April 2015

Once it is opened to traffic in early April 2015, the new Neak Loeung Bridge will be Cambodia’s first cable-stayed bridge. It will also be the nation’s biggest and longest bridge and one of the finest modern bridges in the region. By the end of 2014, the construction of Neak Loeung Bridge was about 93.5 percent complete. Construction will be fully complete by mid-March and is scheduled to be in...

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Korean-italian Jv Builds Hydro Plant in Indonesia

Korean and Italian firms will build a major new hydropower scheme in Indonesia, partly financed by the World Bank. Global Construction Review reports that Italy’s Astaldi Group and South Korea’s Daelim, in a joint venture with an Indonesian firm, Wika, will build the upper and lower dams for the planned $800m Upper Cisokan hydroelectric power plant on the Island of Java. The World Bank will ...

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City Hall Proposes New Solutions Against Traffic Jams

Having acknowledged that Phnom Penh’s traffic congestion continues to worsen despite the 3-line public bus service recently going on-line, City Hall has proposed new solutions to battle traffic jams as one of seven agendas for its second mandate. According to City Hall spokesman Long Dimanche, five new solutions have been put forward for government approval. Mr Dimanche made his comments in his...

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National Road 4 Expanded

Since mid-2014, the kingdom’s most important economic route, National Road No. 4 which connects Phnom Penh to Sihanoukville sea port has been undergoing a large-scale expansion. National Road No. 4 was built in the 1950s to carry goods to and from the sea port that was built at the same time. However, the 230km long, 7 meter wide two-lane highway is also considered the most dangerous road in Ca...

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Malaysia Seeks Power Plant Partners

Malaysia’s Toyo Ink Group Berhad is currently seeking partners for a $3.5 billion joint venture to develop the Song Hau 2 thermal power plant in South Vietnam, according to the country’s foreign investment agency report. The BOT (Built–Operate–Transfer) project will have an anticipated capacity of 2,000 MW, and was initially agreed in 2013 via a MoU between the Vietnam Ministry of Industry and ...

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Thai Developer Plans 10 Projects In Q4

Sansiri, one of the largest real estate developers in Thailand, and its joint venture firm with BTS Group Holdings, BTS-Sansiri Holding, plan to launch 10 residential projects worth 21.5 billion baht ($598 million) in Q4 2015. Sansiri will develop six projects, of which five are detached-housing projects and the other is a condominium. Meanwhile, the other four projects will be condominiums dev...

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Price of Yangon Real Estate Hurts Locals

Yangon’s booming economy and rapid pace of development is powering a huge 20% annual growth in the housing rental market. A Myanmar Business Today census has revealed about 24.5 percent of Yangon residents live in leased houses or apartments, while the iMyanmarhouse property portal reports only 10 percent of Yangon residents are home owners. According to Myanmar Real Estate Services Associat...

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