PM Hun Sen: Cambodia Shifts Focus From Quantity to Quality for Road Construction
The Cambodian government has changed its strategy from building roads by focusing on quantity and long-distance to building roads with long-lasting quality despite more capital being needed. Speaking at the inauguration ceremony of the NR3 on 2 March, Cambodian Prime Minister Samdech Hun Sen said that the construction of quality roads is in response to […]
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Draft Automotive & Electronics Sectors Roadmap Completed, Under Discussion with Stakeholders
The drafts of the automotive and electronics sectors roadmaps have been completed and are under discussion and review by supporting stakeholders and investors. The draft roadmaps were discussed on 1 March among eight ministries/agencies, with support from the UK government’s Accelerated COVID-19 Economic Support (ACES) programme in partnership with the Boston Consulting Group (BCG) to […]
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Japan Provides Grant Aid to Develop Infrastructure in Three Provinces
Japan has provided a total of US$527,122 grant aid through the KUSANONE program for the construction of bridges in Kandal and Kratie, and irrigation facilities in Banteay Meanchey. The grant contracts were signed on 1 March between Japan Ambassador to Cambodia Mikami Masahiro and the representatives of the three recipients respectively, to carry out the […]
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134km NR3 Connecting Phnom Penh to Kampot Officially Inaugurated on 2 March
The 134km long section of Phnom Penh – Kampot NR3 was officially inaugurated on Wednesday 2 March 2022, after the construction was completed and put into temporary use since July 2021. The inauguration ceremony was presided over by Cambodian Prime Minister Samdech Hun Sen and Chinese Ambassador to Cambodia HE Wang Wentian. The project was […]
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Construction & Real Estate Share 18% of Total Credit of US$38 Billion
Total loans from commercial banks and specialised banks to customers was recorded at US$38.6 billion as of the end of 2021, a year-on-year increase of 24.4%. Credit to construction and real estate activities were cumulatively at US$6.93 billion, or 18% of the total. The National Bank of Cambodia’s latest report has shown that credit to […]
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Sailun Group Injects US$268m More on All-Steel Radial Truck Tyre Production Plant in Svay Rieng
Chinese tyre manufacturer, Sailun Group, plans to set up an all-steel radial truck tyre production plant in addition to its existing tyre manufacturing facility in Cambodia, investing an additional US$268 million. The company is targeting production of 1.6 million tyres per year, for exports to the U.S. and Europe, according to a media report on […]
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New US$4 million Poipet Border Checkpoint Facility Officially Opens
A new Poipet international border checkpoint facility was officially inaugurated on Tuesday 1 March, which will help ease the transit of cargo goods and tourists more effectively. The inauguration ceremony was held under the auspices of Samdech Sar Kheng, Deputy Prime Minister and Minister of Interior. Construction of this new building began in October 2017 […]
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New US$2.5m Electric Equipment Factory Officially Launched in Pursat’s Krakor District
An electronic products assembly plant of SchneiTec CHINT Co., Ltd worth about US$2.5 million has been officially launched in Sna Ansar commune in Krakor district, Pursat province. The inauguration ceremony was held on 28 February in the presence of Minister of Mines and Energy HE Suy Sem and Director General of Electricity of Cambodia HE […]
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Japan to Provide US$24 million Grant Aid to Expand Water Supply System in Svay Rieng
Cambodia and Japan will sign an agreement on Wednesday 2 March on a Japanese grant of approximately US$41 million for the development of two major projects in Cambodia. According to a press release from the Ministry of Foreign Affairs and International Cooperation on 28 February, the first project is the expansion of the water supply […]
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Mondulkiri authority to develop gold mining zone into a tourist attraction
Mondulkiri provincial authority and Renaissance Minerals Cambodia have planned to work together in developing the gold mine site into a tourist attraction in the future. Deputy Governor Cheak Menghang unveiled the plan during the press conference regarding the provincial work progress on 24 February. “According to plan, the company will organize proper tour package to […]
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NR4 Expansion Project Begins, Set for Completion in 2026
The Ministry of Public Works and Transport (MPWT) has begun work to expand and renovate NR4 under a US$110-million loan from the World Bank, according to an MPWT statement issued on 25 February. The construction site starts from Bek Chan commune, Ang Snoul district in Kandal province to Bit Trang commune, Prey Nob district in […]
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NASA, US Universities to Construct Infrastructure on Moon
Three US university-led proposals have been selected by NASA to develop technologies for living and working on the moon, according to a NASA announcement on 18 February. The selected projects cover three topics laid out in the solicitation. Each team will receive up to US$2 million, awarded as grants, over two years to develop their […]
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