Construction Focus
US Pledges to Attract More US Investors to Cambodia
Six major US companies have expressed their commitment to help attract more US investors to Cambodia during a meeting with HE Senior Minister Sun Chanthol, Minister of Public Works and Transport, and the delegation of the US-ASEAN Business Council. The companies include ConocoPhillips, Ford (RMA Group), Pfizer, Visa, and Vriens & Partners. The meeting was […]
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Multi-Purpose Port & Logistics Centre in Kampong Chhnang Equipping STM Technology to Open Soon
The Ministry of Public Works and Transport recently held a meeting to discuss the development progress of the Kampong Chhnang multi-purpose port and logistics centre, which is expected to open soon. The meeting was chaired by HE Senior Minister Sun Chanthol, Minister of Public Works and Transport, along with KLP.T TRANSPORTATION Co., Ltd and members […]
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Cambodia & Japan Sign MOU on Cooperation, Transmission & Distribution of Energy
The Ministry of Mines and Energy (MME) and Japan Insurance and Investment Agency (NEXI) have signed a Memorandum of Understanding (MOU) on cooperation for the transmission and distribution of energy. The signing took place during the Asia Zero Emission Community (AZEC) meeting held on 3-4 March 2023, in Tokyo. The AZEC meeting was attended by […]
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Construction of US$38m Koh Pic-Koh Norea Bridge 62% Complete
The construction of the Koh Pich-Koh Norea cable-stayed bridge is now 62% complete as of 4 March 2023 according to Phnom Penh’s Department of Public Works and Transport. With a budget of US$38 million, the bridge is expected to be completed by the end of 2023, and it will serve as an important gateway connecting […]
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Sports Village is Ready for Official Inauguration on 20 April
The 2023 SEA Games Village at the Moradok Techo National Stadium in Cambodia is set to be inaugurated on 20 April 2023, in preparation for the upcoming Southeast Asian (SEA) Games. The announcement was made by HE Vath Chamroeun, Secretary General of the National Organising Committee for the 2023 SEA Games and ASEAN Para Games […]
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Asia-Pacific GDP Forecast to Grow Slowly in 2023, Drop to 2.9% Growth in 2024
The Asia-Pacific region’s economy is expected to experience slow growth in 2023, according to a report from an Asia-Pacific Economic Cooperation (APEC) research unit. The report forecasts that the region’s GDP will expand by 3.1% this year before dropping to 2.9% growth in 2024, due to downside risks continuing to pressure recovery. “The enduring pandemic, […]
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Gov’t Plans Putting More Ferries from Koh Norea to Chroy Changvar to Facilitate Traffic
The Phnom Penh Municipal Administration has announced plans to ease traffic congestion caused by the construction of the Monivong flyover. The Department of Public Works and Transport has been assigned to study the installation of additional ferries from Koh Norea to Koh Pich, providing an alternative travel route to the Chroy Changvar area. This measure […]
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2022 Saw 19% Decrease in Financing Capital Expenses & 11% Increase in Public Budget
Cambodia’s financing capital expenditure on infrastructure development in 2022 reached only US$425 million (1,703 billion Riels), slower than the annual budget law and decreased by 19.75% compared to 2021 according to the Ministry of Economy and Finance’s report. Of the total 28.57% financing capital expenditure, domestic financing decreased by 33.50% while foreign financing decreased by […]
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Over 700km on 41 Roads Built in Takeo Over Past Five Years
Over the past five years, Takeo province has witnessed the construction of 41 national and provincial roads, spanning more than 722.47 km, according to HE Ouch Phea, Governor of Takeo province. Speaking at a press conference on “Success in 5 years” on 2 March 2023, HE Ouch Phea highlighted the province’s infrastructure developments, including six […]
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ADB Lends Laos PDR US$692.5m to Build Largest Wind Power Plant in Southeast Asia
The Asian Development Bank (ADB) has signed a financing package worth US$692.55 million with Monsoon Wind Power Company Limited (Monsoon) to construct a 600-megawatt wind power plant in the Sekong and Attapeu provinces of southern Laos PDR. The project, called “Monsoon,” will be the largest wind power plant in Southeast Asia, consisting of 133 wind […]
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