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ខ្មែរ Local News
Cambodia Approves Over 1,600 Construction Projects in H1 2024 Amid Declining Investments
- 9 August 2024
In the first half of 2024, Cambodia's Ministry of Land Management, Urban Planning and Construction greenlit 1,642 construction projects, marking an 11% decrease from the same period last year. The approved projects span a total area of 6.14 million square metres, representing a 9.8% decline, with investment capital totalling US$2.53 billion, down 8.1%, according to a Socio-Economic Trend Report...
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Cambodia Launches Groundbreaking for the US$1.7bn Funan Techo Canal Project
- 5 August 2024
The construction of Cambodia's monumental US$1.7 billion Funan Techo Canal project was officially inaugurated by Prime Minister Hun Manet on 5 August 2024. This historic canal aims to revolutionize the country's economic landscape and trade strategies within Southeast Asia. The Funan Techo Canal, spanning 180 km, is a collaboration between Cambodian investors, who hold a 51% stake, and state-ow...
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Korea Commits US$10m to Transform 30 Villages in Northwestern Cambodia
- 3 August 2024
The Government of Korea, through the Korea International Cooperation Agency (KOICA), has committed US$10 million to develop 30 villages in Battambang, Banteay Meanchey, and Pailin provinces over five years from 2022 to 2026. The project aimed at boosting agricultural incomes, enhancing governance capacity for rural development, and improving access to essential services, according to KOICA's offic...
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Cambodia’s Mid-2024 Economic Update: Sharp Decline in Credit Growth Signals Business Slowdown, Rising NPL Ratios Across Sectors
- 30 July 2024
A significant decline in credit growth indicates a slowdown in business activities nationwide. This trend is accompanied by rising non-performing loan ratios (NPLRs) across all major sectors, including commercial banks, mortgages, construction, and real estate activities, according to recent data from the National Bank of Cambodia for Q1 2024 and updated by CBRE Cambodia on 26 July 2024. Credi...
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Feasibility Study Completed on Cambodia’s US$4bn Third Expressway Project from Phnom Penh to Banteay Meanchey
- 17 July 2024
The Phnom Penh-Siem Reap-Poipet Expressway, valued at more than US$4 billion, will span 420km across six provinces, including Phnom Penh, Kandal, Kampong Cham, Kampong Thom, Siem Reap, and Banteay Meanchey. The feasibility study on this major infrastructure project, which starts at Win-Win Boulevard in Phnom Penh and ends at Poipet near the Cambodia-Thailand border, has been partially completed. ...
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Phnom Penh’s Flood Mitigation Efforts Progressing: 13 Projects Achieve 6.5% Completion
- 13 July 2024
Of the 50 flood mitigation projects initiated by the government to alleviate flooding in Phnom Penh over five years, 13 projects are currently underway, achieving 6.5% completion. This was announced on Prime Minister Samdech Hun Manet’s official Facebook page on 11 July 2024. According to the announcement, these 13 projects are concentrated in the most flood-prone areas, including the vicinity ...
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Cambodian Gov’t Drafting Law to Regulate Railway Land & Prevent Misuse
- 10 July 2024
The Ministry of Public Works and Transport is actively drafting a sub-decree to regulate railway crossings and land use, aiming to mitigate congestion and facilitate development. This initiative was discussed during a meeting held by the Ministry of Public Works and Transport on 4 July 2024, attended by ministry leadership and a technical working group. The primary objective of the sub-decre...
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Pioneering Sustainable Building Practices: Archetype Cambodia Office Achieves LEED Gold Certification
- 5 July 2024
Archetype Cambodia, a leading architectural and engineering consultancy, has been awarded the prestigious LEED Green Building Rating System Certification, achieving a Gold level under the v4.1 Operations and Maintenance: Interiors rating system. This recognition showcases the company's dedication to environmental stewardship, resource efficiency, and sustainability, leading the green journey of...
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Kampong Cham’s New Landfill Project Achieves Over 80% Completion
- 5 July 2024
The ambitious project to construct a large landfill in Kampong Cham has surpassed the 80% completion mark, with significant progress made over the past six months. Spanning an area of more than 8 hectares in Kampong Siem district, the facility includes standard waste processing and storage infrastructure. This milestone was confirmed during a site inspection by HE Un Chanda, Governor of Kampong Ch...
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Construction of NR No. 10 Reached 88.38% & Tallest Bridge Progressing Steadily, On Track for March 2025 Opening
- 1 July 2024
As of the end of June 2024, the construction of NR No. 10, connecting Koh Kong, Pursat, and Battambang provinces, has reached 88.38% completion, while the tallest bridge, spanning 530 metres, has reached 43.50% completion. The road is slated for trial use by the end of March 2025, as per the latest update from the Ministry of Public Works and Transport published on 1 June 2024. The overall prog...
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