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ខ្មែរ Local News
Japan Joins Vietnam Airport Project
- 31 December 2015
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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Hanoi Approves Two Mega Projects
- 31 December 2015
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
- 31 December 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
- 31 December 2015
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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National Road 4 Expanded
- 31 December 2015
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
- 31 December 2015
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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Construction Driving Economic Growth
- 31 December 2015
The construction sector is now the most dynamic driver of GDP growth according to The East Asia Pacific Economic Update that was published by the World Bank at the start of October. “Construction and real estate represented 2 percent growth out of the 7.1 growth in GDP last year. This is the largest contributor. It is booming and quite hot,” according to Sodeth Ly, country economist at the Worl...
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Dr. Sok Siphana Presents at Britcham
- 31 December 2015
Members of the British Chamber of Commerce in Cambodia (BritCham) and the wider business community were last week given an exclusive opportunity to hear from Dr. Sok Siphana on the work he has undertaken in codifying Cambodia’s first Building Construction Law. Construction has and continues to be one of the key pillars supporting Cambodia’s economy, having experienced a rapid growth in recent y...
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Chinese Propose Elevated Expressway
- 31 December 2015
Representatives from the Henan Provincial Communications Planning Survey and Design Institute (HPC) in China presented plans to the government for building a four-lane elevated expressway in Phnom Penh to relieve traffic congestion. Transport Minister Tram Iv Tek and representatives from City Hall and the Ministry of Finance were presented three options on Tuesday 22 September; the first would ...
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Kampot to Have Own Tourist Terminal
- 31 December 2015
Cambodia’s coastal zone will receive more tourist visitors after a tourist ferry terminal project financed by Asian Development Bank (ADB) goes on line by 2020. In a loan package of US$18 million, approved by the ADB on 25 November 2014, the project will build a marine ferry terminal on 4 hectares of land between the border of Teuk Chhu district and Kampot City. Construction of the terminal wil...
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