Cambodia Needs Almost US$50 billion to Implement 330 Projects in the Next Decade

Cambodia will need nearly US$50 billion to implement 330 transportation system projects over the next 10 years, according to HE Sun Chanthol, Minister of Public Works and Transport, during a working meeting with a delegation from CMA CGM (Cambodia) Co., Ltd on 14 June 2022.

HE Sun Chanthol said that Cambodia needs to invest nearly US$50 billion to develop about 330 projects in the next 10 years to make Cambodia’s logistics and transportation costs more competitive and contribute to attracting investors to create jobs in Cambodia.

Mr Laurent Olmeta, CEO of Asia-Pacific of CMA CGM, stated that his company wants to strengthen investment cooperation with the Sihanoukville Autonomous Port and Phnom Penh Autonomous Port in terms of port transportation.

The Minister of Public Works also said that in order to speed up the entry-exit procedures at the port and reduce the cost of shipping goods by sea, Cambodia plans an electronic data exchange system (Port EDI) that will be launched soon.

- Video Advertisement -

Related Post

Cambodia to Construct New Kok Thlak Stadium in Kandal Province

The Football Federation of Cambodia (FFC) has announced an ambitious plan to construct a new stadium, the Kok Thlak Stadium, along with its headquarters in Kandal Province. The project, which has an estimated cost of USD 4.4 million, underscores the federation’s commitment to enhancing the country’s football infrastructure. In a press release dated March 2, […]

K-Water Eyes Investment in Cambodia’s Water Resource Management

The Korean Water Corporation (K-water) is actively pursuing investment opportunities in Cambodia’s water resource management sector. During a recent meeting with Prime Minister Hun Manet, K-water CEO His Excellency Yun Seogdae emphasized the company’s commitment to collaborating with Cambodian ministries and institutions. The meeting highlighted the need for cooperation to strengthen Cambodia’s water management systems. […]

China has invested nearly USD 300 million to build a glove factory in Svay Rieng Province

Nex Healthcare Co., Ltd., a world-class Chinese company, has invested approximately USD 273 million to officially open a factory for the production of gloves (PVC and rubber) and medical equipment in the Qilu Special Economic Zone, Svay Rieng Province, on March 2, 2025. During the groundbreaking ceremony for the factory, His Excellency Chea Vuthy, Secretary […]

KENPAX Announces Major Investment in Kampot Province with New Medical Equipment Factory

  In a significant boost for local employment, Chinese company KENPAX has revealed plans to establish a large medical equipment factory in the Kampot province, with construction set to commence in mid-March 2025. This initiative is projected to create approximately 3,000 jobs, offering a promising opportunity for residents. The announcement was made during a meeting […]

Chinese Firm ICAP Announces Major Investment Plans in Cambodia’s Electric Vehicle Sector

In a significant development for Cambodia’s automotive industry, China’s Infinite Capital Holding Company (ICAP) has unveiled ambitions to invest in the manufacture of electric vehicle components in the country. The announcement was made during a meeting on 17 February 2025 between Prime Minister Hun Manet and ICAP’s Chairman and CEO, Zhang Chaomin. During this pivotal […]

Henan Provincial Administrative to Invest in Agro-Industrial Park in Cambodia

The Henan Provincial Administration of China has announced plans to invest significantly in Cambodia to establish an agro-industrial park focused on agricultural product processing. This development was revealed during a recent meeting with HE Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), and a delegation […]