Cambodia Launches Groundbreaking for the US$1.7bn Funan Techo Canal Project

• 5 August 2024
• Local News
• 5916 Views

The construction of Cambodia’s monumental US$1.7 billion Funan Techo Canal project was officially inaugurated by Prime Minister Hun Manet on 5 August 2024. This historic canal aims to revolutionize the country’s economic landscape and trade strategies within Southeast Asia.

The Funan Techo Canal, spanning 180 km, is a collaboration between Cambodian investors, who hold a 51% stake, and state-owned enterprises such as Sihanoukville Autonomous Port and Phnom Penh Autonomous Port Company. (Read more)

The project, operating under a Build-Operate-Transfer (BOT) model, is expected to take four years to complete. (Read more)

Upon completion, this canal will significantly enhance Cambodia’s inland waterway transport, reducing the nation’s reliance on Vietnamese ports and boosting its economic momentum. The strategic development is poised to facilitate smoother trade flows and strengthen Cambodia’s economic positioning within the ASEAN region.  (Read more)

• Projects Development
• Road and Infrastructure