Construction Focus
Gov’t Permits International Companies to Invest 100% in Phnom Penh-Ho Chi Minh Express Railway
The Royal Government of Cambodia has urged French businesses to invest in the construction of high-speed railways and transportation in Cambodia, announcing that foreign businesses will be allowed to invest 100% in the Phnom Penh-Ho Chi Minh high-speed rail line. Prime Minister of Cambodia Samdech Hun Sen on 25 January welcomed and informed the French […]
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Monument Aux Morts Rebuilt in Phnom Penh
The “Roup Pi” statue or Monument aux Morts, a memorial to those who died in World War I, has been rebuilt at the French Embassy in Phnom Penh. The ground-breaking ceremony for this monument was held on 25 January under the auspices of Deputy Prime Minister and Land Minister HE Chea Sophara and French Minister […]
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Cambodia Refines 5 Tons of Gold Ore, Earning Nearly US$10 Million in Tax Revenue
Cambodia’s gold refinery firms have refined a total of 5.3 tonnes of gold ore by 2022, with the companies paying more than US$8 million in royalties and US$1.5 million other in tax revenue to the government. This figure was presented by officials of the Ministry of Economy and Finance in a public forum on microeconomic […]
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Construction of NR6 Connecting to Techo Stadium 80% Complete
The construction of the NR6 section that connects to the Moradok Techo National Stadium has been 80% completed, according to the Department of Public Works and Transport of Phnom Penh on 25 January. “Only 100 days left until the SEA Games and NR6 is one of the four main routes leading to the National Stadium,” […]
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Gov’t to Build More Infrastructure for Automotive & Electronic Sectors
The Cambodian government plans to build more infrastructure to promote investment in the automotive and electronics sectors, according to the official road map for the development of the automotive and electronics sector discussed on 9 December. The roadmap identifies 20 key priority measures in five areas including 1. Strategies and institutional coordination 2. Human resources […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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