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ខ្មែរ Local News
Cambodia Receives US$860-million in China FDI in 2020
- 6 January 2021
Cambodia received a total of US$860 million in foreign direct investment (FDI) from China in 2020, an increase of about 70% compared to 2019, according to a recent press release from the Chinese Embassy in Cambodia. Many development projects went smoothly despite the COVID-19 pandemic. For instance, the construction of new Siem Reap Angkor International Airport (AIAI) has been 35% completed, wh...
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US$17 million Steel Processing Plant in Kampong Speu Officially Opens
- 4 January 2021
A new US$17 million steel processing plant in Oudong district of Kampong Speu province officially opened last week, bringing the total number of metal scrap plants in Cambodia to four. The project is invested by Chinese firm Hong De Sheng (Cambodia) and will use metal scraps in the country as raw materials to produce finished steel. Hong De Sheng (Cambodia) said it could produce up to 500,000 t...
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Transport Minister Urges Construction Firm to Finish Kampot Tourism Port by June
- 4 January 2021
Minister of Public Works and Transport HE Sun Chanthol has ordered the responsible firm to finish Kampot Tourism Port's construction by June 2021 after several delays. HE Sun Chanthol said during the site inspection on 04 January that the company should set a concrete plan or add more labour to accelerate the construction speed and to ensure that it proceeds as scheduled. "It is not good to ...
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NR3 to Be Equipped with Two Weighing Stations and 11 Speed Cameras
- 4 January 2021
National Road 3 (NR3) will be equipped with two weighing stations and 11 speed cameras to ensure safety and the quality of the road, as the renovation is approaching completion, according to Minister of Public Works and Transport HE Sun Chanthol. HE Sun Chanthol said during the NR3 construction site on 04 January that the ministry also plans to equip axle weight sensors on both sides of the roa...
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Gov’t Decides to Build Two Pedestrian Bridges on NR 3 Despite Local Concerns
- 4 January 2021
The Cambodian government has decided to build pedestrian flyovers on two highly-congested spots across National Road 3, despite concerns from the locals, according to HE Sun Chanthol during the NR 3 construction site inspection on 04 January. The Minister of Public Works and Transport HE Sun Chanthol told the press that one pedestrian bridge will be built in front of Tram Khna Thmey Market, and...
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Gov’t Selects Chinese Firm to Develop Mondulkiri Airport
- 3 January 2021
The government has officially approved the construction of the Mondulkiri airport and chosen a Chinese company to study and implement the project. According to the Office of the Council of Ministers' announcement on 31 December, the government has selected Powerchina International Group to study and develop a new regional airport project in Mondulkiri province and allow the State Secretariat of...
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Construction Sector to Gradually Recover Amid 4% Economic Growth and Robust Financial Sector, says NBC
- 31 December 2020
The National Bank of Cambodia NBC said that the construction and property sectors in Cambodia will gradually recover in 2021, given the fact that the kingdom's financial sector remains robust and the 2021 economic growth is forecasted at 4%. According to the NBC Macroeconomic and Banking Sector Outlook for 2021 released on 31 December, the financial sector's active asset, from which 90% is the ...
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Updates on Major Infrastructure Developments in Siem Reap
- 30 December 2020
Although the tourism sector in Siem Reap has been hit by the COVID-19 pandemic, the government is still active especially in infrastructure development, with the aim to attract more tourists after the crisis is over. Prime Minister Samdech Hun Sen once said that although COVID-19 has prevented tourists from travelling to Cambodia and negatively affected the economy, on the positive side, it is a g...
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90 million Cubic Metres of Land Needed to Fill In Construction Site of Koh Norea and the New Phnom Penh Airport
- 30 December 2020
The Overseas Cambodia Investment Corporation (OCIC) has recently said that over 90 million cubic metres of land is needed to fill in the construction site of the Koh Norea and the new Phnom Penh International Airport project. OCIC Chairman Neak Oknha Pung Kheav Se said approximately 60 million cubic metres of land is needed for Koh Norea project. Meanwhile, the new Phnom Penh international airp...
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Major Construction Projects Inaugurated in 2020
- 29 December 2020
NR58 connecting Banteay Meanchey to Oddar Meanchey National Road No. 58 is 174km long connecting Samrong city of Oddar Meanchey to the National Road 5 in Poipet city of Banteay Meanchey province. The construction of this road cost US$122.98 million, which was jointly financed by the Chinese government and the Cambodian government budget. The inauguration ceremony was presided over by Cambodian...
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