Gov’t Establishes Five New Cities & Districts in Three Provinces
The Cambodian government has established five cities and districts in Kandal, Kampong Speu and Kratie provinces, according to Sub-Decree No. 269, 270, 271 and 272, dated on 23 December. The first new city is Sampov Loun in Kandal province with five communes including Chheu Khmao, Prek Chrey, Prek Speu, Chroy Takeo and Sampov Poun. The […]
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Royal Railway Launches Second Bond Sale Worth US$20 Million
Royal Railway has issued an additional US$24 million bond to the public, scheduled for listing on 29 December on the Cambodia Securities Exchange, according to a press conference on 22 December. This is the second time that the firm has issued bonds after the first US$10 million was sold. (Read more) According to HE Sou […]
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ADB, AFD provide over US$380m to develop six major sectors in Cambodia
The Asian Development Bank (ADB) and the French Agency for Development (AFD) have officially provided US$381.45 million in financing to Cambodia to develop six key sectors. The agreement was signed between the two partners and the Ministry of Economy and Finance on 22 December. The funding for the development of 6 projects and programs includes: […]
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Gov’t to Build More Infrastructure to Connect Main Economic Poles & Cities
The Cambodian government is in need of building more physical infrastructure, such as roads, bridges, highways and high-speed rail to serve transportation, support economic growth throughout the country, reduce poverty and increase people’s income. In the inauguration ceremony of a new road in Sihanoukville on 22 December, Cambodia Prime Minister Samdech Hun Sen announced many […]
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Australia Assists Cambodia with Urban Wastewater Solution
The Australian Water Community (AWA) has partnered with the Cambodian Ministry of Public Works and Transport to develop urban wastewater planning and management. Both parties hosted a two-day workshop held on 6-7 December to study the current and future challenges of wastewater and to find solutions to the sanitation problems caused by rapid urbanisation. Sally Armstrong, AWA’s […]
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43km Road Connecting Prey Nup to Sihanoukville Officially Inaugurated
The Cambodian government has officially inaugurated the new 43km road connecting Prey Nup district to Sihanoukville which has been built and renovated under the national budget of about US$76 million. The official inauguration ceremony was held under the presidency of Cambodia Prime Minister Samdech Hun Sen on 22 December. The road is divided into two […]
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World Bank Provides US$274m in Loans to Revive Cambodia’s Economy
The World Bank (WB) has provided an additional US$274 million in loans to help the Cambodian economy recover from the recent crisis, according to a press release from the World Bank on 20 December. The loan is provided by the International Development Association (IDA), a World Bank fund to help poor countries, with an additional […]
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Korea Hands Over National Logistics Information Portal to Cambodia
The Government of the Republic of Korea on 20 December handed over the National Logistics Information Portal to Cambodia. The system was submitted to the Ministry of Public Works and Transport by Dr Kim Jong-hak, Senior Researcher of KRIHS Institute, Representative of the Ministry of Land, Infrastructure and Transport of the Republic of Korea, as […]
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Cambodia’s Largest Power Plant Officially Goes Online
A 700-megawatt coal-fired power plant in Sihanoukville has officially launched after a successful testing, according to a Chinese media report on 17 December. The plant is a joint venture between Cambodia International Investment and Development Group (CIIDG) and China Huadian Hong Kong Co Ltd (CHDHK) worth US$1.2 billion. (Read more) Located in Stung Hav district, […]
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ASEAN needs US$2 trillion for regional infrastructure connectivity
The ASEAN Community needs at least US$2 trillion in investment from now until 2030 to connect infrastructure in the region. The statement was emphasized by Cambodian Prime Minister Samdech Hun Sen during the ASEAN-EU Anniversary Summit on 14 December. PM Hun Sen stressed that it is important to promote a strong synthesis between the Master […]
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S. Korea Mulls Building Waste-to-Energy Plant in Cambodia
The Republic of Korea has sought support from Cambodia’s Prime Minister Samdech Hun Sen on the plan to build a waste-to-energy power plant in Cambodia. The request was made by HE Park Heung Kyeong, Ambassador of the Republic of Korea to Cambodia, during a courtesy call on 19 December. The project is an investment by […]
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CMAC to Build World’s Largest Mine Museum in Siem Reap
The Cambodian Mine Action Authority (CMAC) is preparing to build a peace museum on 12 hectares of land in Siem Reap under a grant from the Japanese government totalling nearly US$20 million. HE Heng Ratana, the Royal Government delegate in charge of the Director General of the Cambodian Mine Authority, told Construction & Property Magazine on […]
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