Local News
US$160 million Morodok Techo Stadium Set for Final Completion in August
The construction of the Chinese-funded US$160 million Morodok Techo Stadium has been 100% completed with only some decorating and gardening works remaining. Secretary-General of the National Olympic Committee of Cambodia Vath Chamroeun said that the general construction, seat installation, lighting and sound systems are all complete. The remaining outside decoration work will be completed by […]
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Construction of 60mW Solar Power Station in Kampong Chhnang to Begin Next Year
Construction of a 60-mW solar power plant in Kampong Chhnang province will begin early next year, according to the Ministry of Mines and Energy. The project received a concession loan from the Asian Development Bank under the Cambodia National Solar Park project. It is the first phase of the Cambodia National Solar Park project, with […]
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Kingdom’s First Wind Power Project Stuck in Tariff Negotiations
Cambodia’s first wind power investment project in Bokor tariff negotiation process is experiencing delays with Electricite du Cambodge (EDC) since mid-2020 as the government seeking lower cost. HE Victor Jona, Director General of Energy of the Ministry of Mines and Energy, said that the wind power study project has been completed, but the construction has […]
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Number of Construction Projects, Value & Area in H1 Dropped by 11.4% 34.3% & 29.9% Respectively
The number of construction projects, the investment value, and total area approved in H1 2021 have decreased by 11.4%, 34.3%, and 29.9% respectively, compared to the same period last year, according to a recent report from the National Bank of Cambodia (NBC) The report added that the drop predominantly stems from the slowdown in tourism […]
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Laws on Payment Guarantee for Four Large-Scale Energy Projects Promulgated
His Majesty the King of Cambodia has signed and officially promulgated four new laws securing that the government will make payments as agreed to three private firms for investing in four large-scale energy-related projects. The first and second laws are made for SchneiTec Co Ltd for developing a 500 kV transmission line from Battambang to […]
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Construction of 700-megawatt Coal-Fired Power Plant in Koh Kong 10% Complete
Construction on the US$1.1-billion 700-megawatt coal-fired power plant in Koh Kong province has been approximately 10%, completed according to a senior official at the Ministry of Mines and Energy. HE Victor Jona, Director General of Energy of the Ministry of Mines and Energy, said on Wednesday 28 July that the construction project has seemly been […]
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Two Factories Worth Over US$12.5 million Approved for Kandal and Kampong Chhnang
The Council for the Development of Cambodia (CDC) approved two investment projects on Wednesday 28 July worth over US$12 million for Kandal and Kampong Chhnang provinces. The first investment permit has been granted to General Enterprises Garment (Cambodia) Co., Ltd to invest US$7.3 million to build a garment factory in Kadal Stueng district, Kandal province. […]
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Consumer Loans Rise to Over US$33bn as of H1, Construction & Property Attributed 31%
As of H1of 2021, consumer loans in the banking sector have increased to over US$33.9 billion, 31% which were attributed to the construction and property sectors, according to the recent report of the National Bank of Cambodia (NBC). Among all the personal home loans, construction, and real estate activities accounted for 13.1%, 9.5%, and 8.4%, […]
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Over 360k Loan Accounts Worth US$5.5bn Restructured as of H1, Construction Sector Attributed 15%
From 2020 to H1 2021, banking and financial institutions have restructured a total of 367,239 loan accounts or equivalent to over US$5.5 billion in value, 15% of which were assigned to the construction sector. According to a report from the National Bank of Cambodia, there were a total of 32,636 restructured loan accounts in the […]
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Boeung Tumpun Canal Dredging Complete, Facilitating Flood Prevention in Five PP Districts
Dredging and rehabilitation work on the 4km Boeung Tumpun canal has been 100% completed, which hopefully will help mitigate floods in the five main districts of Phnom Penh during the current rainy season. In the rehabilitation operation, over 12,250 cubic metres of waste and floating grass were collected and removed from the canal to ease […]
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