Gov’t Selects Chinese Firm to Develop Mondulkiri Airport

The government has officially approved the construction of the Mondulkiri airport and chosen a Chinese company to study and implement the project. According to the Office of the Council of Ministers' announcement on 31 December, the government has selected Powerchina International Group to study and develop a new regional airport project in Mondulkiri province and allow the State Secretariat of...

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Construction Sector to Gradually Recover Amid 4% Economic Growth and Robust Financial Sector, says NBC

The National Bank of Cambodia NBC said that the construction and property sectors in Cambodia will gradually recover in 2021, given the fact that the kingdom's financial sector remains robust and the 2021 economic growth is forecasted at 4%. According to the NBC Macroeconomic and Banking Sector Outlook for 2021 released on 31 December, the financial sector's active asset, from which 90% is the ...

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Contracts Awarded on US$2.4bn Singapore-Malaysia Shuttle

Japanese contractor Penta-Ocean Construction has been awarded a US$676m civil engineering package for the 4km Johor Bahru–Singapore Rapid Transit System being built to connect Singapore and Malaysia by the Singapore Land Transit Authority (LTA) Penta-Ocean will handle tunneling work, and will build the Singapore terminus of Woodlands North station and the Malaysia terminus at Bukit Chaga as wel...

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Construction Sector Forecast to Recover Quickly in 2021

Chairman of well-known local conglomerate Overseas Cambodia Investment Corp (OCIC) Neak Oknha Pung Kheav Se has expressed his optimism that the Cambodia construction sector will catch up quickly since the kingdom's economy is forested to grow by 3.5% to 5% in 2021. Speaking to Construction & Property Magazine on 19 December, Neak Oknha Pung Kheav Se said, "According to the World Bank and AD...

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Thailand to complete “largest rail station in Southeast Asia” next year

Thailand has announced plans to complete construction in 2021 on the biggest rail station in Southeast Asia. Designed to overcome Bangkok’s traffic gridlock and assist Thailand become a regional transportation hub, Bang Sue Grand Station will replace Hua Lamphong, as the capital’s main station After work began in 2013, the 520 hectare station will be four storeys high with 12 platforms up to...

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Updates on Major Infrastructure Developments in Siem Reap

Although the tourism sector in Siem Reap has been hit by the COVID-19 pandemic, the government is still active especially in infrastructure development, with the aim to attract more tourists after the crisis is over. Prime Minister Samdech Hun Sen once said that although COVID-19 has prevented tourists from travelling to Cambodia and negatively affected the economy, on the positive side, it is a g...

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90 million Cubic Metres of Land Needed to Fill In Construction Site of Koh Norea and the New Phnom Penh Airport

The Overseas Cambodia Investment Corporation (OCIC) has recently said that over 90 million cubic metres of land is needed to fill in the construction site of the Koh Norea and the new Phnom Penh International Airport project. OCIC Chairman Neak Oknha Pung Kheav Se said approximately 60 million cubic metres of land is needed for Koh Norea project. Meanwhile, the new Phnom Penh international airp...

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Major Construction Projects Inaugurated in 2020

NR58 connecting Banteay Meanchey to Oddar Meanchey National Road No. 58 is 174km long connecting Samrong city of Oddar Meanchey to the National Road 5 in Poipet city of Banteay Meanchey province. The construction of this road cost US$122.98 million, which was jointly financed by the Chinese government and the Cambodian government budget. The inauguration ceremony was presided over by Cambodian...

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CDC Approves Two Construction Materials Factories Worth Over US$11million

The Council for the Development of Cambodia (CDC) has recently permitted two private firms to invest over US$11 million building two construction material factories in Sihanoukville and Svay Rieng provinces. The first project is a metal processing factory in the Sihanoukville special economic zone. The construction of the factory costs approximately US$5.2 million, invested in by Cambodian New ...

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Koh Kong a Potential Target for World Bank’s Blue Economy Development Project

The World Bank is planning to invest millions of dollars in the 'Blue Economy' project in Cambodia, and Koh Kong could be one of the target provinces chosen for the project implementation. Koh Kong Deputy Governor Ouk Pheaktra said during the meeting with relevant officers regarding the coastal management on 28 December that his authority is currently conducting the feasibility and trying the b...

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