Construction Focus
1000 Chinese Projects Opened to Foreign Investors
China’s National Development and Reform Commission (NDRC), has announced that more than 1,000 proposed infrastructure projects worth an estimated total of $317.75bn will be open to both private and foreign investors.
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Poor Building Safety Can Hamper Economic Growth
The deadly Rana Plaza factory collapse in Bangladesh in April last year that took over 1,100 lives has had an impact on Bangladesh’s economy. Buyers like Walt Disney have stopped production in the South Asian country over safety concerns and possible damage to their brands. Poor safety standards in several developing countries have many international companies looking anew at where they produce.
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Thailand Invests $3bn in Transport Infrastructure
Thailand’s Eastern Seaboard Development Committee recently approved 91 projects under the Eastern Seaboard Logistic and Transportation Infrastructure Development Plan with an estimated investment of more than $3.13 billion.
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Avoiding the Complaints
Many lawsuits between property developer and buyer and property owner and constructor have been heard through the media. It is headache and costly to resolve those disputes inside or outside Cambodia’s court system. Many people admit it.
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Archetype Win Futurarc Award
Archetype Cambodia, one of nation’s leading architecture firms has won the prestigious FuturArc Green Leadership Award 2015 for their Laurelton Diamonds complex in the Phnom Penh Special Economic Zone (PPSEZ).
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Construction Investment Growth Strong in 2013
Despite ongoing political turmoil since elections in the summer of 2013 and fears about possible economic fallout, investment in the Kingdom’s construction industry still surged 31 percent against the previous year.
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Kingdom?s Brick Prices Tumble
Brick prices in the Kingdom have tumbled in the last year due to increased demand and production and lower manufacture costs according to a recent report in the Phnom Penh Post.
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New Road From Battambang to Thai Border Aims to Bo
A new road stretching 176 kilometers has been inaugurated linking the province of Battambang to the Thai border. It is hoped that the road will transform a region marked by war and conflict into one better known for vibrant development and economic activity.
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Mines Ministry Sets Sand Price Cap
The lack of competition lets Ministry of Mines and Energy to set the sand price cap of US$3.30 per cubic meter after the ministry has granted license to four companies to legally dredge the sand in late June.
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France Makes $15 Million Loan for Clean Water and
The French development agency AFD loaned Cambodia US$15 million in late April to promote clean water and boost rural electrification in the Kingdom.
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