Construction Focus
NBC: Total Credit Reaches US$44.9 billion by Q3 2021; Construction Contributes 25.6%
By the end of the third quarter of 2021, total domestic credit provided by banking and financial institutions reached US$44.9 billion, an increase of 23% compared to the same period last year, according to a National Bank (NBC) report on 20 December. Among all, credit given to the construction sector was at US$11.5 billion, or […]
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New Flyover Set to be Built at Century Plaza Intersection
The Phnom Penh Municipal Administration plans to build a new flyover at the Century Plaza Market intersection to ease the traffic congestion on Russian Blvd, St. 2004, and St. 2011. The project was discussed in a meeting held on 20 December, led by Phnom Penh Governor HE Khuong Sreng, with relevant departments and officials in […]
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Japan Provides Grant Aid to Build Schools, Water Resources & Irrigation System
The Japanese government has provided more than US$280,000 in grant aid to three Cambodian provinces including Steung Treng, Ratanakiri and Kampong Speu to build schools and rehabilitate irrigation systems. According to a press release from the Embassy of Japan in Cambodia, these funds are under the Grant Assistance for Grassroots Human Security Projects (“KUSANONE”). The […]
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Cambodia, Vietnam to Connect New Sea Tourist Destinations
Cambodia and Vietnam have agreed to boost cross-nation tourism by connecting Kampot Tourism Port and Bai Vong Tourism Port as well as co-creating cruise packages for tourists. According to the bilateral meeting on tourism cooperation between Cambodia and Vietnam on 10 October, both parties have agreed on multiple action plans for 2023-2024 as follows: 1) […]
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Cambodia, Thailand Discuss Reopening Four Land Border Gates
Authorities in Banteay Meanchey and Battambang provinces of Cambodia and Sa Kaeo province of Thailand have discussed the reopening border gates which have been shut down due to the COVID-19 pandemic. The discussion was held on 15 December with participation from representatives of the three provinces administrations. The meeting was ended up with an agreement […]
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Land Minister: Illegal construction Activities Significantly Reduced After Enforcement of Construction Law
The construction sector in Cambodia has been improved with fewer illegal activities found after the implementation of the construction law in 2019, according to Minister of Land Management, Urban Planning and Construction HE Chea Sophara during a meeting with JICA Chief Representative Kamei Haruko on 16 December. Minister Chea Sophara said three sub-sectors in the […]
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UNDP, MPWT to Install Five EV Charging Stations Across Cambodia
The Ministry of Public Works and Transport (MPWT) and UNDP are studying the possibility of setting up five electric vehicles (EV) charging stations across the country, including Battambang and Siem Reap. HE Chhuon Vorn, Director-General of Land Transport of MPWT, on 15-17 December led the team to inspect the potential locations before proceeding to a […]
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US$160 million Morodok Techo Stadium Officially Inaugurated
The main stadium building, the largest building of the Moradok Techo National Stadium in Chroy Changvar district, was officially inaugurated on Saturday 18 December. The inauguration ceremony of the stadium was presided over by Prime Minister Samdech Hun Sen and Chinese Ambassador to Cambodia Wang Wentian with 15,000 participants. With ground broken in April 2017, […]
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Nestle Mulls Building Production Factory in Cambodia
Nestle, one of the world’s largest food and beverage companies, has unveiled its business plan to build a production factory in Cambodia to replace imports from abroad. The plan was raised by the Nestle Thailand Country Director Mr Chandana Fernando in a meeting with Minister of Commerce HE Pan Sorasak, earlier this week. According to […]
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Japan to help set up CORS and GNSS system for land surveying in Cambodia
Japan International Cooperation Agency (JICA) has been supporting Cambodia to constrution a permanent CORS satellite land surveying station and is considering providing additional assistance in setting up a GNSS land surveying network system nationwide in the near future. The two projects were discussed during a meeting between Minister of Land Management, Urban Planning and Construction […]
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