Construction Focus
Over 360k Loan Accounts Worth US$5.5bn Restructured as of H1, Construction Sector Attributed 15%
From 2020 to H1 2021, banking and financial institutions have restructured a total of 367,239 loan accounts or equivalent to over US$5.5 billion in value, 15% of which were assigned to the construction sector. According to a report from the National Bank of Cambodia, there were a total of 32,636 restructured loan accounts in the […]
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Boeung Tumpun Canal Dredging Complete, Facilitating Flood Prevention in Five PP Districts
Dredging and rehabilitation work on the 4km Boeung Tumpun canal has been 100% completed, which hopefully will help mitigate floods in the five main districts of Phnom Penh during the current rainy season. In the rehabilitation operation, over 12,250 cubic metres of waste and floating grass were collected and removed from the canal to ease […]
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China Plans to Build World’s First Waterless Nuclear Reactor
Chinese researchers have unveiled the world’s first thorium-fuelled commercial reactor that will not require water for cooling. This demonstrates a big breakthrough in the Chinese power sector, which today is dependent on coal-fired power plants. Named the Thorium Molten Salt Reactor, the project was begun in 2011. To date, researchers are in the stage of […]
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UNDP Advises Cambodia to Issue Sovereign Bonds to Expand Financial Resources
UNDP has recommended Cambodia to issue sovereign bonds to expand domestic financial resources for urban development projects. This UN body published the advice in their recent report while also forecasting that Cambodia will graduate from its Least Developed Country (LDC) status in either 2027 or 2028. The report added it is time for Cambodia to […]
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Construction of 10-hectare Landfill in Kampot Set for Completion by July 2022
The construction of the ADB-funded 10-hectare landfill in Kampot province is over now 16% complete and scheduled for final completion by July 2022, according to Kampot Provincial Governor Cheav Tai during a site inspection on Tuesday 27 July. Located in Thmey commune, Teuk Chhou district, ground was broken on the project in early July this […]
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Transport Minister Urges Relevant Officials to Speed Up Work on Drafting New Port Law
Minister of Public Works and Transport HE Sun Chanthol urged all relevant officials to speed up works on drafting the new port law during an official meeting on Monday 26 July. According to HE Sun Chanthol, to date, the working group has completed most of the draft. “Currently, we are still revising the meaning, wording, […]
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Construction of US$2-million Kampong Speu Stadium Set for Completion by April 2022
Construction of the US$2-million stadium in Kampong Speu province is proceeding as normal and set for completion by April next year despite the fact that Cambodia is still affected by the COVID-19 pandemic. Kampong Speu Governor HE Vy Samnang said during the site inspection on Friday 23 July that by April 2022 at the latest, […]
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Phnom Penh Governor Breaks Ground on New Concrete Road in Meanchey District
Ground was broken on the construction of a new concrete in Meanchey district road on the morning of Monday 26 July by Phnom Penh Governor HE Khuong Sreng. The project is a renovation of the existing road by expanding the road to 12 metres wide and 1,370 metres long. The road will connect Street 217 […]
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City Hall Orders All Construction Sites to Strengthen Health Control Measures
The Phnom Penh Municipal Administration has instructed construction site owners in Phnom Penh to strengthen health control measures against COVID-19, as cases detected within this sector have been increasing. Phnom Penh Governor HE Khuong Sreng said that the order is to ensure the safety of workers and the sustainability of the sector as a whole. […]
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Over 21,000m of Beaches & Surrounding Infrastructure Upgraded in SHV
The National Committee for Coastal Management and Development of Cambodia has to date upgraded a total of more than 21,000 metres of coastline beach and other surrounding infrastructure in Sihanoukville to attract more tourists after the COVID-19 pandemic. According to the committee’s online meeting on 21 July 21, the beach improvement work includes the restoration […]
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