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ខ្មែរ Local News
CONSTRUCTION MANAGER ANNOUNCED FOR TWIN TOWER
- 10 July 2016
A Hong Kong-based firm Hsin Chong Construction Group Ltd. has been appointed construction manager for the Thai Boon Roong Twin Tower World Trade Center Project. According to the company’s website, it will be, “Responsible for coordination and supervision of works contractors, program control, commercial advice, monitoring safety and quality control, managing site logistics, as well as coordinat...
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Azza Decor Brings Italian Luxury to Cambodia
- 10 July 2016
With its official inception in Cambodia in November 2015, Azza Decor (Cambodia) Co.Ltd is the first sole supplier of various Italian luxury decoration brands to the Cambodian construction market. Azza is now the sole distributor in Cambodia of Italian luxury tiles, sanitary ware and wallpaper with brands like Versace, Valentino and Atlas Concorde. While having already received exclusive righ...
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New Myanmar Port Targets Agri-exports
- 10 July 2016
The Thilawa Special Economic Zone, a JV between Myanmar and Japan, is investing $29 million on developing a new port and building infrastructure for transporting agricultural products. The 15,000 hectare development is being driven by the Myanmar Agriculture & General Development Public Limited (MAGDPL) which was established by local agricultural merchants, according to Deal Street Asia. ...
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World Bank and Aiib Sign Deal
- 10 July 2016
The World Bank and the new Chinese-led Asian International Investment Bank (AIIB) have signed a $1.2 billion deal to co-fund infrastructure projects in 2016. The agreement is an important symbol that US-dominated global financial bodies have accepted the AIIB has an important role to play in financing the development of regional infrastructure. The World Bank said that the two banks are disc...
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Yangon New City Tender Awarded
- 10 July 2016
Three firms have been awarded the tender to build the controversial 4,745 hectare Yangon New City development to the west of the capital. mso-font-width:98%">After being suspended for 10 months amid accusations of a lack of transparency in its initial bid, the government approved the project in late 2015. Yangon South West Development Public Company, Business Capital City Development Ltd and...
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Indonesian Rail Link Crawls Forward
- 10 July 2016
Construction on Indonesia’s first high-speed railway can finally start following a construction permit being issued by the government in March. mso-font-width:98%">The beleaguered $5 billion Indonesia-China joint project was halted just five days after breaking ground because the necessary documents had not been filed for permits. Widely seen as a litmus test for China’s overseas expansion o...
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Bali Invites Bids for 2nd Airport
- 10 July 2016
Indonesia’s largest tourist island Bali wants to build a second airport to double tourist intake from 10 million a year now to 20 million by 2025. The current airport has only one runway and may reach full capacity in as little as five years. The island’s government is inviting local and foreign investors to build the second airport and the Indonesian government has stressed that private foreig...
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Adb Funds Manila Water Tunnel
- 10 July 2016
The ADB has granted a $123.3m loan to Metropolitan Waterworks and Sewerage System (MWSS) of Manila to build a new water tunnel in Manila, Philippines. The proposed tunnel will stretch over 6km in length, with an internal span of about 4m as part of the outflow system from the Ipo dam, part of the Angat transmission system. mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;ms...
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Asean’s Appetite for Steel Rising
- 10 July 2016
ASEAN countries' steel market consumption is expected to exceed 90 million tons by 2019, a growth of 6 percent, according to a new study entitled ASEAN Countries Steel Market Outlook 2015-2019. Steel consumption for infrastructure and construction is likely to exceed 47 million tons by 2019 with governments funding construction of road, rail, and airport infrastructure driving the growth. The m...
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Thais Go It Alone on Rail Link
- 10 July 2016
The Thai Prime Minister Prayut Chan-o-cha has announced the country is capable and financially prepared to fully fund its multi-billion-baht high-speed rail project, following a visit to China. "We will no longer do the project with China. It's better to do it alone," he told reporters in Bangkok. Transport Minister Arkhom Termpittayapaisith said that under the government- to-government deal...
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