Construction Focus
The importance of the dispute resolution clause in the construction contracts
Parties who enter into a construction contract generally do not pay attention to the dispute resolution clause of their contract. However, the drafting of this clause is very important as it can significantly impact the chance of enforcement of their judgment in Cambodia. In the last five years, there has been significant growth in the […]
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Credit for Construction and Real Estate Sectors Remains Robust
The financial stability risk assessment in Cambodia by the National Bank of Cambodia (NBC) has shown that credit for the construction and real estate sectors remains in good condition due to the low rate in non-performing loans.
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PM officially inaugurates Prek Pnov-Phnom Penh-Takmao water taxi
Prime Minister Samdech Hun Sen presided over the official launching ceremony of water taxi from Prek Pnov to Takmao on 1 August, following the soft opening in April. There are currently four boats in service on this first taxi service of its kind in Cambodia of which two were bought from Vietnam and two are […]
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Construction of the five-star Prince Times Hotel completed
Construction of the luxury five-star hotel Prince Times Hotel located in the heart of Sihanoukville Province has been completed and is scheduled to open next month. On 31 July, Prince Times Hotel Management Co.,Ltd, a subsidiary of the giant Chinese property developer Prince Real Estate Group (Cambodia) announced that the construction of its 193-key hotel […]
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Renovations on National Road 3 begin
Renovations on National Road No.3 have begun, according to H.E Sun Chanthol, Senior Minister and Minister of Public Works and Transport (MPWT). During a visit to follow up on the construction project along National Roads 41, 3 and 33, H.E Sun Chanthol said construction of the Chom Chao-BekKoos junction along National Road 3 has commenced. […]
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Creating New World Record in High Rise Construction
SCHWING Stetter name is very much associated with world-famous high rise building construction. SCHWING Concrete Stationary Pumps and Truck Mounted Pumps are successfully deployed worldwide, whenever vast quantities of concrete have to be pumped over exceptionally horizontal and vertical distances. SCHWING provides solutions for high delivery volume with low concrete pressure or low delivery volume […]
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Government rolls back on privately funded infrastructure deals
With the aim of making travel easier for the people, the Royal Government of Cambodia has nixed infrastructure deals on bridges and roads from private companies in recent years, according to a special collection from Fresh News. According to the same source, the government has revoked the concessional contracts from private companies on infrastructure such […]
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China and France to Build Algae-covered Eco-tower in Hangzhou
A French-based company XTU Architects recently revealed a blueprint for the ‘FrenchDreamTowers’—a new mega project in the heart of Hangzhou City, China. The proposal represents the advanced technology of eco-friendly architecture and the strong relations between France and China. The FrenchDreamTowers is unique for the usage of energy-efficient microalgae exteriors and the blockchain-monitored building systems […]
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Minister of Commerce Presides Over Ground-breaking of New Road in Kampong Cham
On Sunday 22 July,2018, H.E Pan Sorasak, Minister of Commerce presided over the ground breaking ceremony for the construction of a red gravel road in Kampong Cham Province. The new gravel road connects three villages to the province and is 3.5km long, 6m wide with one box culvert and five drainage pipes. Speaking during the […]
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Concessional Loan Agreement for Ring Road No.3 Signed
The Ministry of Economy and Finance (MEF) has signed a concessional loan agreement with China funded bank Export-Import Bank of China (EXIM Bank of China) for the construction of the Ring Road No.3
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