Local News
PP-SHV Expressway Opened for Trial; 9,000 Vehicles Recorded on First Day
The Phnom Penh-Sihanoukville Expressway has been open for testing since 1 October 2022, for one-month free of charge. According to the Ministry of Public Works and Transport, on the first day, from 7:00 am to 6:00 pm, there were a total of 8,927 vehicles traveling on this expressway through 8 toll stations. If 9,000 vehicle […]
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Ground Broken on New Pumping Station in Russey Keo
Construction has begun on the new pumping station in Russey Keo district which will be able to pump up to 30,000 cubic metres/hour. The ground-breaking ceremony was held on 30 September under the presence of Russey Keo District Governor Ek Khun Doeun and Director of the Department of Public Works and Transport of Phnom Penh […]
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Eight Investment Projects Worth US$89m Approved for Kep, Kandal, K. Speu, K. Cham and PP
The Council for the Development of Cambodia (CDC) has decided to issue a registration certificate for eight investment projects with a total capital of US$ 89m to build two hospitals, Develop Koh Tbal Island, and establish five factories in Kep, Kandal, Kampong Speu, Kampong Cham and Phnom Penh. These private companies include: The first firm […]
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Germany Provides Over US$670 million in Financing to Cambodia as of 2021
As of 2021, Germany has provided a total of US$670 million in financing to Cambodia, equivalent to 2.6% of the total funding provided by development partners to Cambodia. The figure was shown during a meeting between Secretary-General of the Cambodian Rehabilitation and Development Board HE Chhieng Yanara and German Ambassador to Cambodia HE Stefan Anton […]
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Four Investment Projects Worth US$23.9m Approved for Sihanoukville & Svay Rieng Provinces
The Council for the Development of Cambodia (CDC) has given permits to four private companies to invest a total of US$23.9 million to establish four factories in Sihanoukville and Svay Rieng province. The first firm is HOME STYLE LIVING CO., LTD, which will invest US$6.6 million to establish a furniture and mattress factory in Sin […]
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Gov’t Establishes Inter-Ministerial Committee for PP-Bavet Expressway Development Project
The Cambodian government has set up an inter-ministerial committee to accelerate the Phnom Penh-Bavet expressway project. According to the statement dated 16 September, the expressway connecting Phnom Penh to Bavet has been proposed for investment by China Road and Bridge Corporation under a basic framework of build-operate transfer. HE Sun Chanthol, Senior Minister, Minister of […]
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MPWT Warns Locals to Stop Breaking Expressway Fencing
The Ministry of Public Works and Transport (MPWT) has warned the locals to stop breaking or cutting barbed razor wire fences along the expressway after finding out many spots have been damaged. During the inspection on 28 September led by MPWT’s Undersecretary of State HE Soeng Sokong, the team found that the locals have been […]
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Japan Urges Cambodia to Further Ease Japanese Investment in Cambodia
Japanese Prime Minister Kishida Fumio has asked his Cambodia’s counterpart Samdech Hun Sen to continue supporting and easing Japanese investment in Cambodia, as to date, Japanese private investment value in the kingdom has reached nearly US$3 billion. HE Kishida Fumio said during a meeting with Samdech Hun Sen on 28 September in Tokyo that besides […]
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MPWT: Major Kampot-Veal Renh Road Repairs Expected to Delay to 2024, Lacking Funding
The budget for the deep repair of the ‘forever-damaged’ Kampot-Veal Renh road has not yet been approved by China, confirmed Minister of Public Works and Transport HE Sun Chanthol, apologizing that the approval timeline could be in late 2023 or 2024. HE Sun Chanthol said during the expressway inspection on 22 September that the government […]
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WB Projects Cambodia’s GDP Growth at 4.8% in 2022, 5.2% in 2023
Cambodia’s GDP growth is projected to reach 4.8% in 2022. Traditional export-oriented growth drivers—especially the garment, footwear, travel goods, and bicycle manufacturing industries as well as agriculture—continue to underpin the economic recovery, according to the World Bank’s forecast. In 2023, economic growth is expected to improve to 5.2%, supported by recovering domestic consumption as employment […]
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