H.E Sun Chanthol: No Cut Off in Infrastructure Aid

H.E Sun Chanthol has cast aside rumoursthat Japan, as well as other development partners, plan to cut off assistance for Cambodia’s infrastructure.

In response to journalists on 23 July, 2018, H.E Sun Chanthol, Senior Minister and Minister of Public Works and Transport (MPWT), said “there is no cut off of aid from any country on the construction of infrastructure in the country.”

Development partners such as Japan, the Asian Development Bank (ADB) and the World Bank continue to cooperate with Cambodia.

Indeed, Japan has been actively involved in infrastructure projects in Cambodia, including the plans to expand National Road No.5, construct a new deep sea port in Sihanoukville using a loan of more than US$200 million, as well as constructing Cambodia’s first ever sky train which is currently undergoing a feasibility study by the Japan International Cooperation Agency (JICA). (Read more)

Regarding development assistance from the Asian Development Bank, H.E Sun Chanthol said there was no delay in any plans or any intention to cut off aid. In fact, the Asian Development Bank plans to set up a sewerage system in Sihanoukville Province next year, he added.

Japan is one of Cambodia’s main development partners, especially in the infrastructure sector. In 2016, Japan ranked fourth on foreign direct investment (FDI) in Cambodia.

- Video Advertisement -

Related Post

Cambodia Faces Mounting Debt Challenges in the Real Estate Sector

The real estate sector in Cambodia is grappling with mounting financial concerns, as total housing debt nears USD 1 billion, according to insights shared during the recent roundtable discussion, The Debt Situation in Cambodia, organised by the Real Estate and Mortgage Regulatory Authority. Mr Chou Vannak, Director General of the authority, revealed that homebuyers owe […]

Expert: Dual-Pronged Strategy to Navigate Post-Pandemic Challenges in the ASEAN+3 Property Market

The ASEAN+3 property markets, encompassing ASEAN nations along with China, Hong Kong, Japan, and Korea, are grappling with declining prices and transaction volumes, compounded by financial constraints, surplus inventory, and at-risk developers. These challenges, exacerbated in the Plus-3 economies by stricter financial conditions and diminished buyer confidence, underscore the pressing need for stabilization measures in […]

Critical Analysis of Cambodia’s Stamp Duty Exemption Policy for Properties Valued at USD70K or Less

The Cambodian government’s decision to introduce a stamp duty exemption for properties valued at USD 70,000 or less is a policy aimed at alleviating the financial burden on property buyers and stimulating the real estate market. However, while this policy appears beneficial, a deeper analysis reveals both advantages and disadvantages that raise questions about its […]

Thai office space vacancy rate rises 26.3%, Yet Thailand’s richest billionaire optimistic about market demand growth

Bangkok’s office vacancy rate in prime Grade A buildings has soared to 26.3%, reflecting a growing oversupply, but Frasers Property Limited, led by Thailand’s wealthiest scion, is betting on the US-China trade feud to drive demand for office and industrial spaces across Southeast Asia, according to bangkokpost on 19 September 2024. With a US$3.6 billion […]

Thailand’s USD 6.5 Billion EV Industry Set to Power Commercial Real Estate Growth

Thailand’s fast-growing electric vehicle (EV) industry is projected to generate a real estate market worth at least USD 6.5 billion by 2030, driven by government policies and strong foreign investments. As the country aims to solidify its position as Southeast Asia’s leading hub for EV manufacturing, this growth will fuel demand for specialised real estate […]

Cambodia Maintains the World’s Highest Central Bank Interest Rates, Defying Global Trends

In the third quarter of 2024, Cambodia continues to lead global markets, with central bank interest rates soaring between 10% and 12%, starkly contrasting with the 0% to 6% range maintained by most major economies. This divergence, detailed in a report by CBRE Cambodia published on 17 October 2024, spans from December 2021 to December […]