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ខ្មែរ Construction Focus
Asian Infrastructure Investment Bank Born
- 31 December 2015
China hosted the signing ceremony of the Asian Infrastructure Investment Bank (AIIB) in Beijing on 29 June. The AIIB will finance Asian energy, transport and infrastructure projects, and will rival the World Bank and Asian Development Bank. Delegates from 50 countries, including Cambodia, signed the founding articles which determine each member’s share and the bank’s initial capital of $50bn, e...
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Certifying Cambodia?s Architects
- 31 December 2015
Cambodia has around 2,500 local architects, but only 185 of them are registered with the country’s public architecture, less than 10%. The government would like to change that. In Cambodia, any architect wishing to be fully recognized by the government needs to register with the Board of Architects of Cambodia (BAC), a state-run association established in 2011 and recognized as a member of the ...
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Philippines Rail Project Sets Japan Oda Record
- 31 December 2015
Japan has pledged its largest ODA (Overseas Development Assistance) ever provided to a partner nation with $2bn for the construction of a commuter train line in the Philippines. The move is an integral part of the “Cooperation Roadmap for Quality Infrastructure Development in the Transport Sector in Metropolitan Manila” which the two nations agreed in June. The loan package is intended for t...
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Casa Meridian Opens Sales Office, Breaks Ground
- 31 December 2015
The Casa Meridian condominium development on Phnom Penh’s Diamond Island kicked off a new phase of development, opening its sales center and starting construction at the end of May. The condo is being developed by Hong Kong-based M.D.H.K. Property Ltd.with the total investment cost of US$75 million financed by Canadia Bank. Construction is being handled by the Overseas Cambodian Investment Corp...
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Vietnam Must Spend 50bn on Transport
- 31 December 2015
Vietnam needs to spend $50bn on transport infrastructure over the next five years to maintain current levels of economic growth, according to the country’s Planning and Investment Department. “We still have no high-speed rail and our major airports, including Noi Bai, Da Nang and Tan Son Nhat, are overloaded,” said Tran Minh Phuong, the deputy head of the department at a conference in Hanoi. “O...
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The Heat of the Matter
- 31 December 2015
Cambodia’s tropical geography makes it a hot and humid country all year round. This often creates harsh working environments for workers, especially in factories, which themselves also have to pay high energy bills for cooling devices. A Ministry of Labour official recently reported that as of June this year over 600 workers have fainted in factories, compared with a total of about 800 such inc...
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Construction Starts on Vietnam?s Tallest Building
- 31 December 2015
Construction has begun on the Vincom Landmark 81 - a supertall 460m skyscraper in Ho Chi Minh City, Vietnam. If completed now the 81-storey development would be in the world’s top ten tallest buildings. UK companies are at the forefront of the development with Atkins the lead architects, Arup the structural engineers and CBRE providing property services. The towering development located alon...
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Bosch Records Double Digit Growth in Cambodia
- 31 December 2015
Since its official inception in Cambodia in 2010, Robert Bosch, a world leader in technologies and services, has recorded doubled digit growth in the local market. Robert Bosch products, in particular power tools, have been on the market in Cambodia since 2004. The company opened a representative office in 2010 to legally import the products and supply the market. Three years later, it launc...
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Kl?s New Airport Sinking
- 31 December 2015
KL’S NEW AIRPORT SINKINGAsia’s fastest growing airport is facing criticism that its newly-built KLIA2 terminal is sinking after being built on swampland. The area around the $1bn building, which was completed in June last year, has been resurfaced, but its stands and taxiways still suffer from cracks and ponds of water covering the tarmac. Malaysia Airports Holdings Bhd (MAHB), which oversee...
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Kerry Worldbridge Sez Breaks Ground
- 31 December 2015
The $100m Kerry Worldbridge Special Economic Zone (KWB SEZ) which broke ground at the start of July expects to eventually create 25,000 jobs on a 63-hectare site 17km south of Phnom Penh, according to its directors. Consisting of a Customs Bonded Warehouse Zone and a Special Economic Zone, the joint venture between Worldbridge International and Hong Kong-based Kerry Logistics will be built in 3...
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