Construction Focus
Two New Factories Worth Over US$10 million Approved for Kandal and Phnom Penh
The Council for the Development of Cambodia (CDC) has recently approved private firms to invest in building two factories, worth a total budget of approximately US$10 million in Kandal and Phnom Penh. The first investment permit has been granted to Impak (Cambodia) Co., Ltd to invest US$5million in building a suitcase and bag factory in […]
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Construction & Real Estate Sectors Growth Conditional on How Gov’t Contains COVID Outbreak: NBC
Due to the 20 February COVID-19 community outbreak, the growth projection of the construction and real estate sectors remain highly conditional on how the government contains the outbreak and how global and regional economic activities will rebound in the second half of 2021, according to the National Bank of Cambodia (NBC). NBC’s Financial Stability Review […]
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Fourth Japanese-Funded Automatic Screen Pit Installed in Phnom Penh Drainage System
The fourth Japanese-funded automatic garbage collection machine in the drainage system (automatic screen pit) in Phnom Penh has been installed and officially put into operation on Thursday 3 June. The inauguration ceremony was held in the presence of the First Secretary of the Japanese Embassy Mr Toshikazu Tokioka, JICA Representative Ms Aya Tokumoto, and Director […]
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FDI Inflow for Construction & Real Estate Sectors in 2020 Decreases by 10.6%: NBC
Total FDI inflows, mainly to the financial, construction, real estate, and manufacturing sectors, were recorded at US$3.5 billion in 2020, a 1% decline. Among them, FDI to the construction and real estate sectors, which accounts for 17% share of the total FDI, decreased by 10.6%, according to the National Bank of Cambodia (NBC) Financial Stability […]
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NBC: Credit Growth in Construction & Property Decelerates, Easing Concerns on Overheating Market
Loans to construction and real estate activities in 2020 expanded at a slower rate of only 23%, as the construction boom stalled due to the pandemic. This deceleration of credit growth has eased some concerns on the overheating property market, according to the National Bank of Cambodia (NBC)’s Financial Stability Review 2020 published on 31 […]
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Construction Begins for Japanese-Funded US$27 million Choeung Ek Wastewater Treatment Plant
The construction of the Japanese-funded US$27-million sewage system and a large-scale treatment plant in Choeung Ek officially began in late May and is scheduled for completion in November 2023. According to an announcement by the Phnom Penh Municipality yesterday, the implementation of the project is divided into 4 stages, including: 1. Filling up 3 hectares […]
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Three Sections of NR5 Expansion 46%, 38%, and 97% Complete, Respectively
To date, the renovation of NR5 is approximately 60% complete, with the southern part Prek Kdam- Pursat at 46.05%, the central part Pursat-Battambang at 38.08%, and the northern part Battambang-Banteay Meanchey at 97.30%. This is according to a meeting between the Ministry of Public Works and Transport and the Ministry of Economy and Finance on […]
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France Pledges €600 million in Financing to Cambodia for Next Six Years
The French government has pledged to increase the amount of official financing for Cambodia to approximately €120 million per year for the six years from 2021 to 2026, focusing on infrastructure and other developments. The pledge was made during an online meeting between Minister Delegate to the Prime Minister and Permanent Secretary of the Ministry […]
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PM Hun Sen Requests US to Convert 70% of debt to Aid, the Rest to Slowly Repay at Low Interest Rate
In a meeting with US Deputy Secretary of State Wendy R. Sherman yesterday, Cambodian Prime Minister Hun Sen requested the United States to reconsider debt repayment methods for Cambodia. The request includes allowing Cambodia to repay debt slowly and gradually with interest not exceeding 1%. Besides, PM Hun Sen also requested the United States to […]
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Repair & Pavement Work on Hun Sen Blvd. Set for Completion in June
Repair and pavement work on a section of Hun Sen Blvd. (60m road) from Street 271 to NR2 that was damaged by flooding is set for final completion in June. Speaking to Fresh News, Phnom Penh Governor HE Khuong Sreng said that despite COVID-19, Phnom Penh municipality has been actively repairing the flood-damaged roads since […]
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