Construction of NR10 Connecting Koh Kong to Battambang 70% Complete

The construction of NR10 connecting from Battambang to Koh Kong has been 69.28% completed as of January and it is scheduled to be completed by the end of 2024, according to a press conference by the Battambang Provincial Administration on 24 January.  NR10 has a total length of more than 197 kilometres and the construction will cost a total of US$188 million, via funding from the Chinese govern...

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Preliminary Study Completed for Cambodia’s First High-Speed Rail Line

The Cambodian government will soon upgrade the northern Phnom Penh-Poipet railway to become Cambodia's first standard high-speed railway.  According to a meeting to review the preliminary study result between China Road and Bridge Corporation (CRBC) and the Ministry of Public Works and Transport (MPWT) on 23 January, the project will cost approximately US$4 billion and have a total length of 38...

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Gov’t Approves US$2m Budget to Renovate Siem Reap-Oddar Meanchey Road

The Ministry of Economy and Finance has approved a US$$2 million fund to renovate and upgrade a 68-kilometre road from Siem Reap to Oddar Meanchey, according to a official meeting last weekend.  The renovation of this road is to facilitate the travel and transportation of agricultural products between the two areas. The construction is set for completion in 2024.  The road will pass through ...

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Major Road Renovation Project in Svay Rieng 70% Complete

The renovation of a major 11km major in Svay Rieng province has been 70% completed as of January and is scheduled to be completed in March 2023,​ according to the Ministry for Rural Development.  Being upgraded to double DBST at 8 metres wide, the road connects NR18 at O'Don Am village to Samyong village in Kampong Rou district.   The project is part of the third phase of the rural road impr...

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Construction & Real Estate Loan Shares 18% of Total Credit

Bank loans provided to major sectors grew 19.3% compared to last year, while construction and real estate grabbed approximately 18% of the total loans of US$46 billion, according to a recent official summary.  Real estate businesses received 9% of total loans, while construction also took 9%. Personal housing loans accounted for 14%, hotel and the restaurant sector shared 4%, while rental busin...

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China & Cambodia aviation remains uncertain despite China’s opening

After China announced the reopening, the flights between Cambodia and China as of January 2023, remained uncertain. According to data from the Secretariat of Civil Aviation, in August 2022, Cambodia had 30 flights between China and Cambodia weekly (quota set by the Chinese side), which means that Cambodian airlines fly 15 times weekly to China and vice versa. Six Chinese airlines are flying ...

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Incentives of new investment law

New investment law has been publicly promulgated since October 2021, which is universal to increase revenue collection by embracing long-term business and attracting new investment. (Read more) Particularly, this new law has provided many favourable conditions on tax and customs for qualified investment projects (IQP). (Read more) Besides, it also has many special guarantees for investors an...

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CDC Approves Four Major Projects Worth US$65.4m in Three Provinces

The Council for the Development of Cambodia (CDC) has given permits to four private firms to invest US$65.4 million to establish four factories in Kampong Speu, Kandal and Svay Rieng provinces.  These private companies include:  “AROMA SUCCESS GARMENT CO., LTD”, which will invest US$36.6 million to establish a garment factory located in Taing Sno village, Tum Por Meas commune, Samrong Tong d...

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Construction of Techo Peace Hospital Over 80% Complete

The construction of the Techo Peace Hospital is more than 80% complete and is scheduled for completion in June 2023, according to site inspection by Prime Minister Samdech Hun Sen on 19 January.   Equipped with modern facilities and tools, the hospital will be specialised in treating cancer patients, especially women, said PM Hun Sen.  "Also, if COVID-19 recurred, we must have a large hospit...

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Cambodia to Name Two Roads in Phnom Penh After Indonesian Leaders

The Cambodian government will name two roads in Phnom Penh after Indonesian leaders, according to the official farewell meeting between Phnom Penh Governor HE Khuong Sreng and the Ambassador of the Republic of Indonesia HE Sudirman Haseng on 17 January.  The two roads are roads that link from NR6 to Win Win Blvd in Chroy Changvar district, which will be named Jalan Soekarno and Jalan Ali Alatas...

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