Construction Focus
Gov’t Approves 3,827 Construction Projects in 2022 Worth US$2.6bn
In 2022, the Cambodian government approved a total of 3,827 construction projects nationwide or equivalent to over 6.5 million square metres, according to a report by the Ministry of Land Management, Urban Planning and Construction on 27 December. Compared to the same period in 2021, the number of projects in 2022 decreased by 98 projects. […]
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LSCG to join Land Ministry in developing a real estate management system
LSCG REAL ESTATE has set aside US$ 1 million and on-field experts to partner with the Ministry of Land Management, Urban Planning and Construction, in developing a nationwide digital property management system. CEO of LSCG Ly Sokchhay told Construction & Property News on 25 December that LSCG is ready and will submit a proposal to […]
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World Needs at Least US$200bn Per Year to Protect Global Biodiversity
196 country members of the United Nations Convention on Biological Diversity have agreed to raise at least US$200 billion a year from all sources, both public and private, to protect global biodiversity, according to the United Nations Summit on Biodiversity on 7-19 December 2022, in Montreal, Canada. Those countries also agreed to increase international financial […]
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China Helps Cambodia Build Over 3,000km of Roads Worth Approx. US$2 Billion
The Chinese government has helped Cambodia build 30 roads with a length of more than 3,000 kilometres throughout the country at a cost of nearly US$2 billion as of December, while others are under construction. Speaking at the ground-breaking ceremony for NR41 on 26 December, Cambodia PM Samdech Hun Sen said China is building three […]
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Renovation of 95km NR41 Officially Begins
The project to upgrade 95-km NR41 under Chinese fund of over US$67 million has officially begun. The ground-breaking ceremony for NR41 was held on 26 December under the presidency of Cambodia Prime Minister Samdech Hun Sen and Chinese Ambassador to Cambodia HE Wang Wentian. The construction is being carried out by China Bridge and Road […]
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Gov’t Establishes Five New Cities & Districts in Three Provinces
The Cambodian government has established five cities and districts in Kandal, Kampong Speu and Kratie provinces, according to Sub-Decree No. 269, 270, 271 and 272, dated on 23 December. The first new city is Sampov Loun in Kandal province with five communes including Chheu Khmao, Prek Chrey, Prek Speu, Chroy Takeo and Sampov Poun. The […]
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Royal Railway Launches Second Bond Sale Worth US$20 Million
Royal Railway has issued an additional US$24 million bond to the public, scheduled for listing on 29 December on the Cambodia Securities Exchange, according to a press conference on 22 December. This is the second time that the firm has issued bonds after the first US$10 million was sold. (Read more) According to HE Sou […]
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ADB, AFD provide over US$380m to develop six major sectors in Cambodia
The Asian Development Bank (ADB) and the French Agency for Development (AFD) have officially provided US$381.45 million in financing to Cambodia to develop six key sectors. The agreement was signed between the two partners and the Ministry of Economy and Finance on 22 December. The funding for the development of 6 projects and programs includes: […]
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Gov’t to Build More Infrastructure to Connect Main Economic Poles & Cities
The Cambodian government is in need of building more physical infrastructure, such as roads, bridges, highways and high-speed rail to serve transportation, support economic growth throughout the country, reduce poverty and increase people’s income. In the inauguration ceremony of a new road in Sihanoukville on 22 December, Cambodia Prime Minister Samdech Hun Sen announced many […]
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Australia Assists Cambodia with Urban Wastewater Solution
The Australian Water Community (AWA) has partnered with the Cambodian Ministry of Public Works and Transport to develop urban wastewater planning and management. Both parties hosted a two-day workshop held on 6-7 December to study the current and future challenges of wastewater and to find solutions to the sanitation problems caused by rapid urbanisation. Sally Armstrong, AWA’s […]
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