Local News
ADB Lowers 2023 Cambodia’s Economic Growth Forecast from 6.5% to 6.2%
The Asian Development Bank (ADB) has lowered Cambodia’s 2023 economic growth forecast from 6.5% to 6.2% given the slowdown in global growth, according to a recent publication issued on 22 September. Previously, ADB predicted that the Cambodian economy will grow by 6.5% in 2023 and 5.3% in 2022. The factors contributing to the growth are […]
Read More
Gov’t Approves 75 New Non-SEZ Investment Projects Worth US$2.4 billion in H1 2022
From January to June 2022, the Cambodian government approved 75 private investment projects outside of special economic zones (SEZ) with a total investment of US$2.4 billion, an increase of 159.3% compared to the same period in 2021. These newly approved 75 projects created about 62,000 new jobs, an increase of 65.9%, according to a report […]
Read More
PM Orders MPWT to Prioritise Subway Train in PP & High-Speed Railways
Prime Minister Samdech Hun Sen has ordered the Ministry of Public Works and Transport (MPWT) to speed up the progress of feasibility study and fund seeking for the subway train project in Phnom Penh capital as well as the project to upgrade two existing railways to high-speed lines. According to MPWT Minister HE Sun Chanthol […]
Read More
Feasibility Study of New Waterway Connecting PP to Kep to be Finalised in November
The detailed feasibility study of a project to build a new water transport system along the Bassac River connecting Phnom Penh Port to Kep, Kampot, and Sihanoukville Ports is scheduled for completion in November. According to the speech of the Minister of Public Works and Transport HE Sun Chanthol on 21 September, after the study […]
Read More
Phnom Penh-Bavet Expressway Scheduled to Break Ground in Mid-2023
The Ministry of Public Works and Transport (MPWT) will accelerate work to break ground on the construction of the country’s second expressway connecting Phnom Penh to Bavet by mid-2023. HE Sun Chanthol, Senior Minister of the Ministry of Public Works and Transport, provided the upgrade on the project on 21 September. “We have already signed […]
Read More
France has Provided US$900m Financing for Infrastructure Development Projects in Cambodia
The French Agency for Development (AFD) has provided a total of €888 million (approximately US$882 million) in loans and grant aid to Cambodia for infrastructure development over the last 30 years. The figures were raised in a meeting between HE Aun Porn Moniroth, Deputy Prime Minister and Minister of Economy and Finance, and Jean-Pierre Marcelli, […]
Read More
New Medical Centre, Lab, Hospital Building Inaugurated in Sihanoukville
A new COVID-19 medical care center, laboratory, and medical oxygen production lab located within the Sihanoukville provincial hospital complex were officially inaugurated by Deputy Prime Minister HE Men Sam An on 20 September. The COVID-19 center is a one-story building built in August 2021 and completed in April 2022 with a construction cost of over […]
Read More
New Investment Project Worth Over US$5.6m Approved for Phnom Penh
The Council for the Development of Cambodia (CDC) has given a permit to a private firm to invest over US$5.6 million to establish a new factory in Phnom Penh. The permitted firm is MI QI (CAMBODIA) GARMENT CO., LTD, which will build a new garment factory located in Chrey Kaong Village, Sangkat Choam Chao II, […]
Read More
Construction of Stung Bot Khmer-Thai Border Gate Over 58% Complete
The construction of the new Stung Bot international border gate and the road connecting to NR5 has been 58% completed as of September 2022. Secretary of State of the Ministry of Public Works and Transport HE Yit Bonna provided the update figure during the meeting to review the project’s progress on 19 September. The meeting […]
Read More
NR2 Renovation in Kandal Province 70% Complete
Renovation of the 4.3km section of NR2 in Kandal province has to date reached 70% completion. The section is 4,320m long and 18m wide connecting the Kbal Thnol flyover to Preah Noray roundabout. The road is being repaved with a stronger and thicker AC in response to heavy traffic Officials also requested residents and commuters […]
Read More