Construction Focus
Canada Introduces New Technology to Cambodia’s Construction Sector
Canadian companies Duraflex and QBT have introduced their latest technologies to upgrade the construction and irrigation sector in Cambodia. The technology was unveiled during the meeting between the firms’ representatives and the General Department of Technical Affairs of the Ministry of Water Resources and Meteorology on 13 December. This technology will enhance the construction sector […]
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ADB Assists Cambodia on Energy Transition Programme
The Asian Development Bank (ADB) has approved a sector development programme that combines a US$50 million policy-based loan package with US$23 million in project investments to support the energy transition of Cambodia According to a press release issued on 15 December, the Energy Transition Sector Development Program includes ADB’s first comprehensive policy reform package for […]
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Cambodia to promote sustainable beach development
Cambodia will expand cooperation with other coastal members to ensure further development of its coastline. Minister of Land Management Urban Planning and Construction HE Chea Sophara said on 13 December that joining the Club of the Most Beautiful Beaches in the World will drive a new turning point for Cambodia, both in terms of socio-economic […]
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ADB Provides US$62.9m Loan to Build Infrastructure in Nine Provinces
The Asian Development Bank (ADB) has provided US$62.9 million to build infrastructure in Cambodia’s nine provinces to boost the health sector and the value chain of livestock, trade and livestock production. According to a press release on 13 December, with the total loan, US$50 million is ADB concessions, US$12 million is a grant from the […]
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Gov’t Spent US$1bn in Loans in First Nine Months of 2022; 54% for Infrastructure
During the first nine months of 2022, the Cambodian government withdrew approximately US$1 billion in cash from concessional loans, 54% of which was used in infrastructure development, according to the recent Cambodian Public Debt Statistics Bulletin. During this period, loans disbursed for infrastructure include US$254.19 million for transportation, US$75.20 million for energy, US$101.35 million for […]
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Gov’t Plans to Build US$200m Bridge Connecting NR1, Lvea Em & PP-Bavet Expressway
The Cambodian government plans to build a new US$200-million bridge connecting NR1 to Lvea Em and to the upcoming Phnom Penh-Bavet expressway. Prime Minister Samdech Hun Sen said on 12 December that passengers can cross this bridge free of charge from NR1 to Lvea Em and especially to the new Phnom Penh-Bavet expressway. “Since the […]
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Cambodia Raises US$10 million Fund from Government Bond
The Cambodian government has raised US$10.15 million from government bonds as of the third quarter of 2022. “In the third quarter 2022, the Royal Government of Cambodia has issued government securities in the total amount of KHR 41.8 billion equivalent to US$10.15 million,” read Cambodia’s Public Debt Situation as of End-Q3 2022. The National Bank […]
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Cambodia Imports Iron & Steel Worth Over US$300 million in 11 Months
Cambodia imported US$327 million worth of iron and steel in the 11 months of 2022, a year-on-year increase of 22%. Iron and steel are products in the list of import statistics by the top 20 commodities (chapter) in November 2022 of the General Department of Customs and Excise. The import of iron and steel accounts […]
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PM Hun Sen: Electricity & Oil Prices in Cambodia Under Control
Cambodian Prime Minister Samdech Hun Sen has ordered Electricite du Cambodge (EDC) and the Ministry of Mines and Energy to keep electricity prices stable and as low as possible while warning private companies not to increase oil prices arbitrarily. PM Hun Sen gave the statement during the ASEAN Summit – European Union (EU) in Brussels, […]
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Australia Provides US$65m Fund for Development in Four Key Sectors in Cambodia
The Australian Embassy in Cambodia has provided US$65 million in grants to help develop four key sectors over a five-year period (June 2022 to June 2027). The agreement signing ceremony for the Cambodia-Australia Partnership for Resilient Economic Development (CAP RED) Program was held on 12 December. The grant will focus on four key areas including […]
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