Construction Deal for National Road No.5 Signed

The Ministry of Public Works and Transport (MPWT) has signed a construction deal with three Japanese firm as part of the US$500 million loan project funded by the government of Japan.

The deal between the MPWT and Ilsung-Cienco I Joint Venture, Obayashi Corporation, and Tekken-Ikee Joint Venture, is for the work on the rehabilitation of NR5, for which each firm is to have different package all totaling to US$243.74 million, according to a press release dated on 28 January 2019.

The deal is for the companies to oversee construction work of the 110.9-kilometre section of road which is to be expanded to 23-metres wide and upgraded from two lanes to four lanes starting from Thlea Ma’Om to Battambang province. Construction is to be completed within 42 months.

MPWT Minister H.E Senior Minister Sun Chanthol explained the importance of this road construction for Cambodia.

“This section of the road [NR5] is the ASEAN Highway No.1, so it can increase exports and imports and it is a potentially important road that will serve the Cambodian economy, especially by reducing traffic accidents and traffic congestion,” he said.

According to the minister, the upgrade of the 366-kilometre long NR5 (66 kilometres is new road) is under the US$500 million concessional loan from the government of Japan through the Japan International Cooperation Agency (JICA), with construction divided into three main parts; the Northern, the Southern, and the Middle.

In addition, the US$500 million is divided into five different packages of which three are signed and the other two are in the pipeline.

- Video Advertisement -

Related Post

Cambodia Unveils Modern National Assembly Building with USD25 Million Vietnamese Aid

Cambodia has inaugurated a modern National Assembly administration building, constructed with a USD25 million aid package from Vietnam. The ceremony, held on 21 November 2024, was attended by Samdech Khuon Sodary, President of Cambodia’s National Assembly, and His Excellency Tran Thanh Man, President of the National Assembly of Vietnam, symbolising the enduring friendship between the […]

Brunei’s Khazanah Nasional Targets Multi-Sector Infrastructure Investment in Cambodia

Khazanah Nasional Berhad, a leading investment firm from Brunei Darussalam, has announced plans to explore infrastructure investment opportunities in Cambodia, focusing on health, water resources, transport infrastructure (including railways and airports), and banking. This initiative was discussed during a meeting between PM Hun Manet and Khazanah’s CEO, Mr. Dato Khairul Hamed, on 19 November 2024. […]

Japan Invests Over USD40 Million in Cambodia, Enhancing Economic Partnerships in 2024

Japan has invested over USD40 million in Cambodia during the first ten months of 2024, reaffirming its position as the seventh-largest investor in the country. This development was highlighted in a report by the Council for the Development of Cambodia, released on 19 November 2024. To further strengthen bilateral economic ties, the Cambodian Duke Association […]

Chinese Investor Zhongjiao Tongli Expands Agricultural Ventures in Ratanakkiri and Mondulkiri

China’s Zhongjiao Tongli has announced plans to invest in large-scale cultivation of bananas and mangoes across Cambodia’s northeastern provinces of Ratanakkiri and Mondulkiri, signalling a significant boost for the nation’s agricultural sector. The announcement followed a meeting between PM Hun Manet and Mr. Zhongdi Sun, President of Zhongjiao Tongli, on 6 November 2024, in Kunming, […]

Korean Firm Heungkuk Industry Eyes Investment in Cambodian Cashew Processing Sector

Heungkuk Industry, a leading South Korean construction materials manufacturer, is set to invest in Cambodia’s burgeoning cashew processing sector. The commitment was unveiled during a meeting on 19 November 2024 between HE Vongsey Visoth, Deputy PM overseeing the Office of the Council of Ministers, Mr. Lee Kee Yun, Director of Heungkuk Industry, and Professor Lee […]

ARK Electronics Group Unveils USD1.3 Billion AI driven Industrial Park Project in Kampong Speu

ARK Electronics Group, a leading Chinese company, has announced an ambitious USD1.3 billion investment to establish a 1,000-hectare industrial park in Kampong Speu Province, set to transform the province’s industrial landscape. The announcement followed a high-level meeting between HE Dr. Cheam Chansophoan, Governor of Kampong Speu Province, and Ms. Chang Venza, General Director of ARK […]