Gov’t Plans to Borrow 1.7 billion SDR from Partners for 7 Priority Sectors in 2023
In 2023, Cambodia will borrow 1.7 billion SDR (IMF international reserves that can be converted into cash on demand) from its partners, an increase of 100 million SDR compared to the 2022 budget. According to the draft law on finance for management 2023, these loans will be used to develop seven key sectors including energy, […]
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Gov’t Plans to Spend Approx. US$1.8 billion on Public Investment Projects in 2023
In 2023, the government plans to spend over US$1.8 billion to develop public investment projects, or equivalent to 5.89% of GDP, an increase of 25.2% compared to the 2022 budget. According to the draft law on finance for management in 2023, the expenditure plan will focus on four key areas including: -Construction and rehabilitation of […]
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MLMUPC Launches Permanent Satellite Stations in Five Provinces
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has launched permanent satellite measuring stations (CORS) in Phnom Penh, Kandal, Kampong Speu, Siem Reap and Stung Treng provinces. According to Prakas No. 154 DONS / PRK dated 27 October 2022, the station will be used for measurement, data acquisition, mapping, physical infrastructure construction, quality […]
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MPWT Earns Over US$200 million in Last 6 Years
After the introduction of the public service technology system in 2017, the Ministry of Public Works and Transport (MPWT) has thus far earned a total of US$208 million from this service, according to MPWT Minister HE Sun Chanthol on 27 October. “Before using the automation system in 2017, the yearly public service revenue was only […]
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IEA: ASEAN Should Diversify Energy by Learning from European Energy Crisis
The International Energy Agency (IEA) has warned that Southeast Asia is vulnerable to the energy crisis due to the rapid growth of regional demand and should diversify its energy sources. IEA Executive Director Fatih Birol said in CNA on 25 October that Southeast Asia should learn from the crisis in Europe due to Russia’s heavy […]
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Gov’t to Build New NR Connecting Road Koh Thom & Leuk Dek Districts in Kandal
The Cambodian government plans to build a new NR23 that connects Koh Thom district and Leuk Dek district in Kandal province, to shorten the distance between the two districts without crossing into Phnom Penh. Speaking at a press conference at the Government Spokesperson’s Unit on 27 October, Minister of Public Works and Transport HE Sun […]
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Gov’t to Expand National Road Section from SR Town to New Airport to Four Lanes
A national road from downtown Siem Reap to the new airport will be expanded from two to four and six lanes, according to the Ministry of Public Works and Transports (MPWT). MPWT Minister HE Sun Chanthol said at a press conference on 27 October that the section is 16km. Some areas will be expanded to […]
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Construction of Third Ring Road 80% Completed by October
The construction of the US$267-million third ring road was about 77% complete as of October, while the construction of the bridge across the Bassac River has been 88% completed, according to the Ministry of Public Works and Transport. The progress of the construction of the third ring road was presented by HE Sun Chanthol, Senior […]
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Concessional Loan for PP-Bavet Expressway to be Signed in November
The Phnom Penh-Bavet Expressway concession loan is likely to be signed in November as the Ministry of Public Works and Transport and a Chinese construction company is accelerating the agreement. The concession loan will be signed during Chinese Premier Li Keqiang’s official visit to Cambodia on 9 November, HE Sun Chanthol, Senior Minister, Minister of […]
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Concessional Loan for NR7 Expansion Project to be Signed in November
The project to renovate and expand the quality of NR7 from Skun to Kampong Cham city with Chinese loans will be signed in November. The concessional loan for the project will be signed during Chinese Premier Li Keqiang’s official visit to Cambodia to attend the ASEAN Summit in November, said Minister of Public Works and […]
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Wealthy Foreigners Can Now Buy Land, Houses in Thailand
The Thai government has agreed to allow foreigners to purchase houses and up to a rai of land if they can show an investment of at least 40 million baht. The directive will be in effect for five years after it has been published in the Royal Gazette, which should be soon, the government said. […]
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Japan Helps Modernise Wastewater & Piping Systems in Cambodia
Japan is helping to modernize and enhance the efficiency of wastewater and sewage systems in Cambodia through the Pipe Jacking Method and the WOW to Japan Projects. The Japanese experts shared know-how as well as the aforementioned technologies in a joint technical workshop between Cambodia and Japan on 25 October, led by HE Ros Vanna, […]
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