Construction Focus
CDC to attract more foreign investment through new investment law
The Council for the Development of Cambodia (CDC) has announced Cambodia is ready to facilitate all types of investment, especially foreign direct investment through its newly-enforced investment law. CDC Secretary-General HE Sok Chenda Sophea said during the 6th “ASEAN-Italy High-Level Dialogue on Economic Relations” in Malaysia that Cambodia has been actively amending policies to help […]
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US$1.5 Trillion to be Spent on Smart Infrastructure in China in 2021-2025
China’s State-owned enterprises (SOEs) have revealed plans to invest over US$1.49 trillion in more than 1,300 smart infrastructure schemes across the country during from 2021 to 2025, to boost sustainable economic growth. According to a China Daily report in June, those development projects are not the traditional types like railways, roads, and water conservancy, but […]
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WB: Cambodia Needs Systematic Approach Beyond Building Roads to Boost Competitiveness
A recent World Bank report has suggested Cambodia needs a clear systematic approach beyond just building physical assets such as roads and bridges to boost its connectivity and trade competitiveness in the region. The report entitled ‘Cambodia Economic Update June 222’ claimed Cambodia’s infrastructure remains underdeveloped, and the country’s performance in logistics has been significantly […]
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Three Major Reservoir Rehabilitation Projects to Support Mondulkiri Tourism Master Plan
The project to rehabilitate and restore three major water reservoirs in Mondulkiri province is an integral part of the work to support the tourism development master plan for Mondulkiri province. The project was part of the discussion among the members of the steering committee for the implementation of the Mondulkiri Tourism Development Plan 2021-2035 on […]
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ROAD CARE Supervision Plan 70% Complete
The process of preparing a “detailed design for an information and data management website” for the road quality control function development project (ROAD CARE Supervision) is 70% complete as reported in a meeting of the technical working group of the Ministry of Public Works and Transport on 01 July 2022. Speaking at the meeting, Mr […]
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Ministry of Resources Starts 21-km Trapeang Thmor Dam Road Construction
The Ministry of Water Resources and Meteorology has started work on the 21-kilometre road on the Trapeang Thmor Reservoir dam in Phnom Srok district, Banteay Meanchey province. The ground-breaking ceremony was held on 03 July 2022, in the presence of HE Lim Kean Hor, Minister of Water Resources and Meteorology. During the operation, the ministry […]
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MEF: Construction Sector is Forecast to Recover Only 3% in 2022
In the first quarter of 2022, there werea total of 1,001 approved construction projects, down by 6.1% from the same period last, according to a recent report by the Ministry of Economy and Finance (MEF). The decline occurred in almost all types of construction, including public construction, residential construction, villas, commercial construction, industrial construction, and […]
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Credit in Construction Sector at Approx US$13bn as of Q1 2022, Over 29% Rise Y-o-Y
As of the end first quarter of 2022, banking and financial institutions’ loans to the private sector were recorded at over US$50.7 billion. Among these, credit taken by the construction sector shares the highest amount, according to a recent report by the National Bank of Cambodia (NBC). Credit provided to the construction sector as of […]
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US Firm Wins Bid for Singapore’s Mass Transit Line
Giant US engineering firm Jacobs has won a bid to act as a design consultant on the construction of the Tavistock Station and tunnels linking it in the first phase of Singapore’s Cross Island mass transit (MRT) line. The US$302 million contract is an integral part of the 29km underground line which will be Singapore’s […]
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Construction of New 14-Storey Information Ministry Building Nearly 90% Complete
Construction of the new 14-storey building of the Ministry of Information is nearly 90% complete and is set for full completion soon, according to the site inspection by Minister of Information HE Khieu Kanharith on 1 July 2022. Located inside the Ministry of Information along Monivong Blvd., this new building has 14 floors, is 65 […]
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