Construction Focus
Chinese Investment in ASEAN Reaches US$20 billion, up 37%, Cambodia Can Absorb Approx. 16%
Chinese investment in Southeast Asia has surged to nearly US$20 billion, marking a substantial 37% increase from the previous year, according to a report jointly conducted by Griffith University and Fudan University. Published by Thailand-business-news on 11 March 2024, the report underscores the resilience and strategic growth of Chinese investment in the region, particularly in […]
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Thailand’s Paper Tree Eyes Expansion in Cambodia’s Horticultural Industry for Export
Paper Tree (Cambodia) Co., Ltd, a Thai company, has revealed its plans to register as a qualified investor in Cambodia’s tree industry, focusing on horticultural production for export. This announcement came during a meeting between Mr Yuenyong Subsaud, Director of Paper Tree (Cambodia) Co., Ltd, and HE Nuth Un Vanra, Deputy Secretary-General of Cambodia’s Investment […]
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Bentley Systems Issues Call for Nominations for the 2024 Going Digital Awards in Infrastructure
Winners to be Selected and Announced at The Year in Infrastructure and Going Digital Awards Event in Vancouver EXTON, Pa. – March 14, 2024 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced its call for nominations for the 2024 Going Digital Awards in Infrastructure. The awards, which are judged by […]
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Vietnam Spends US$63m to Build 5,000 New BTS Stations, Ranking 5th in APEC
Viettel Construction Joint Stock Corporation has embarked on a substantial investment project, committing 1,460.4 billion VND (approximately US$63.5 million) to construct 5,000 Base Transceiver Stations (BTS) for lease in 2024. This expansive project will span all 63 provinces and cities in Vietnam, aiming to bolster Viettel Construction’s BTS station count to a total of 9,975 […]
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Rehabilitation of Main Canal 96 Reaches 35% Completion
The project rehabilitating the main Canal No. 96, a vital component of the effort to manage water flow and divert rainwater away from Phnom Penh, has achieved approximately 35% completion, as reported by the Ministry of Water Resources and Meteorology (MoWRM) on 13 March 2024. According to the ministry, HE Tho Chetha, Minister of Water […]
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Cambodia Malaysia China High-Tech Park Worth US$300m on 100ha Near Phnom Penh to be Completed in Five Years
Global real estate network IQI has forged a Memorandum of Understanding (MoU) to establish an advanced technology manufacturing park in Cambodia. The initial phase of the high-tech park, known as the Cambodia Malaysia China High-Tech Park, boasts a gross development value of US$300 million and spans an area of up to 100 hectares, with potential […]
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NR 33 Rehabilitation Project Exceeds Expectations, Progress at 55% Faster Rate
The rehabilitation and enhancement project of NR 33 has surpassed expectations, achieving over 55% completion as of 15 March 2024, which is 17% faster than initially planned. This notable progress was confirmed during a meeting chaired by HE Pal Chandara, Secretary of State of the Ministry of Public Works and Transport and Project Director. Also […]
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EU Commits US$13m Grant for Bakheng Water Treatment Plant Phase 3
The European Union (EU) has pledged a grant of US$13 million for the implementation of Bakheng Water Treatment Plant Phase 3, as announced by HE Jutta Urpilainen, European Commissioner for International Partnerships, during a visit to the plant on 13 March. HE Hem Vanndy, Minister of Industry, Science, Technology, and Innovation (MISTI), also participated in […]
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Progress Update: Mekong River Bridge Construction in Kratie Province Reaches 45% Completion
The Ministry of Public Works and Transport (MPWT) has announced that the construction of a Mekong River bridge in Kratie province, funded by China with a budget of US$111 million, has reached 45% completion, with the connecting road at 15%. HE Lim Sidenin, Secretary of State of the MPWT, led a technical working group to […]
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Funan Techo Canal Development: Shifting Economic Currents in Southeast Asia
The ambitious Funan Techo Canal project aims to forge a direct link between the Phnom Penh Autonomous Port and the seaport of Kep province through a monumental canal—the largest in Cambodian history. With dimensions boasting a width of 100 metres and a depth of 5.4 metres, the canal is primed to accommodate cargo ships of […]
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