Construction Focus
Kingdom’s First Expressway Opened for Traffic, Second Set to Begin Construction in 2023
The 187km Phnom Penh-Sihanoukville expressway, the first of its kind in Cambodia, opened for traffic on 1 October with a 1-month toll-free trial, marking a major achievement in infrastructure development. The route will play a key role in boosting the country’s logistical efficiency by reducing the time and costs involved in the transportation of goods. […]
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Gov’t, Top Broadcasters Sign Statutes on Digital TV Platform Operation
The Ministry of Economy and Finance and the Cambodian Television Alliance, signed on 1 November the “Company Statute” to operate the “Cambodian Digital Television” company. According to the statute, there are 7 board members, 1 representative from the Royal Government and 6 representatives from the Cambodian Television Alliance, with Lok Chumteav Hun Mana being elected […]
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ROC Collects Over 150 Tons of Garbage from Rivers in 7 Months
In the first seven months of 2022, River Ocean Cleanup (ROC) has collected over 150 tons of garbage from rivers to help promote natural biodiversity. In an interview with the General Department of Radio National of Cambodia on 31 October 2022, Mr. Nou Sovann, Executive Director of ROC, said that the organization is carrying out […]
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Royal Railways Officially Issues US$10 million Bond on CSX
Royal Railway PLC, a provider of rail, train, passenger, warehouse, and customs services has listed bonds of a total of 41 billion riels (approximately US$10 million) on the Cambodia Securities Exchange (CSX). The official bond listing ceremony was held on 31 October 2022, in the presence of Okhna Kith Meng, President of Royal Group, and […]
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Cambodia’s First Wildlife & Aquarium Park Open in November
ANGKOR WILDLIFE & AQUARIUM, a park with “rare” fish, other animals and various species in Cambodia officially opened on 1 November 2022. The park is located along NR6, in Kbon village, Khchas commune, Sot Nikum district, Siem Reap province. The park complex covers more than 10,000 sqm and feature freshwater and marine fish species that […]
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Switzerland sets record with world’s longest passenger train
A Swiss railway operator has set a new record for completing a journey with the world’s longest passenger train, reported BCC. The 1.9km train, which is composed of 100 coaches, completed a spectacular 25km journey through the Alps. The world record attempt took place to highlight Switzerland’s engineering achievements, as well as to mark 175 […]
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Gov’t Plans to Borrow 1.7 billion SDR from Partners for 7 Priority Sectors in 2023
In 2023, Cambodia will borrow 1.7 billion SDR (IMF international reserves that can be converted into cash on demand) from its partners, an increase of 100 million SDR compared to the 2022 budget. According to the draft law on finance for management 2023, these loans will be used to develop seven key sectors including energy, […]
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Gov’t Plans to Spend Approx. US$1.8 billion on Public Investment Projects in 2023
In 2023, the government plans to spend over US$1.8 billion to develop public investment projects, or equivalent to 5.89% of GDP, an increase of 25.2% compared to the 2022 budget. According to the draft law on finance for management in 2023, the expenditure plan will focus on four key areas including: -Construction and rehabilitation of […]
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MPWT Earns Over US$200 million in Last 6 Years
After the introduction of the public service technology system in 2017, the Ministry of Public Works and Transport (MPWT) has thus far earned a total of US$208 million from this service, according to MPWT Minister HE Sun Chanthol on 27 October. “Before using the automation system in 2017, the yearly public service revenue was only […]
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IEA: ASEAN Should Diversify Energy by Learning from European Energy Crisis
The International Energy Agency (IEA) has warned that Southeast Asia is vulnerable to the energy crisis due to the rapid growth of regional demand and should diversify its energy sources. IEA Executive Director Fatih Birol said in CNA on 25 October that Southeast Asia should learn from the crisis in Europe due to Russia’s heavy […]
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