Booyoung Group’s Milestone Agreement: 1,000 Modern Buses to Enhance Cambodia’s Transportation Network

• 30 June 2023
• Property Focus
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Booyoung Khmer II Co., Ltd., a prominent subsidiary of BOOYOUNG GROUP from the Republic of Korea, has inked a significant agreement with the Cambodian government to provide a total of 1,000 buses in three phases. The official press release by the Ministry of Economy and Finance on June 29, 2023, sheds light on this remarkable collaboration.

Under this agreement, Booyoung Khmer II Co., Ltd. will directly procure 1,000 new MMC Co-star bus 6M (Model X66502VD) units from the car factory, ensuring top-notch quality for the Royal Government of Cambodia. The deployment of these buses will occur in a phased manner, with 400 vehicles scheduled for delivery in 2023, followed by an additional 300 units in 2024. The remaining 300 buses are set to be handed over in 2025.

The distribution of these modern buses will encompass all capital-provincial administrations, thereby bolstering the ease of commuting for individuals residing within these areas.

Booyoung Group’s commitment to Cambodia goes beyond this bus agreement. In the past, the group had generously donated 200 public buses to Phnom Penh Capital Hall, facilitating transportation for the public, especially during the challenging times of the Covid-19 pandemic. (Read more)

Moreover, Booyoung Group’s investment aspirations extend to infrastructure and transportation sectors in Cambodia, underscoring their dedication to contributing to the country’s progress and development. (Read more)

Since 2007, BOOYOUNG KHMER II Co., Ltd., a subsidiary of BOOYOUNG GROUP, has been actively investing in diverse sectors, including real estate, condominiums, hotels, golf courses, telecommunications services, educational institutions, and banking.

The agreement to provide 1,000 buses not only highlights Booyoung Group’s dedication to enhancing Cambodia’s transportation network but also signifies their steadfast commitment to fostering sustainable development and improving the lives of Cambodian citizens.

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