PM: Expenses on COVID-19 Now Equal to Constructing 10 Mekong River Bridges

The Cambodian government has revealed that expenditures in the fight against the COVID-19 pandemic have reached millions of dollars or equivalent to the cost of construction of 10 Mekong River bridges.

Prime Minister Samdech Hun Sen said on Sunday that what Cambodia has spent so far is already over the cost of the construction of 10 major bridges.

“Some bridge constructions in Cambodia cost only US$50 million to U$60 million. However, we have thus far spent millions fighting against the COVID-19. This equals to at least 10 bridges, said PM Hun Sen.

Nevertheless, the Prime Minister declared Cambodia is not bankrupt and can control the situation very well.

He added that during the first seven months of this year, Cambodia earned more than US$3 billion, of which US$1.7 billion was tax revenue and US$1.3 billion was customs revenue.

For the next five months, Cambodia also plans to generate an additional US$2 billion in revenue.

- Video Advertisement -

Related Post

Amidst Global Uncertainty, Thailand’s Condominium Market Sees Record Foreign Investment Surge

Foreign investors injected USD 538.5 million into Thai condominium acquisitions, with 3,756 units transferred to international buyers, marking an 11.6% year-on-year increase, according to a comprehensive report released by the Real Estate Information Center (REIC) on 9 January 2025. The investment landscape reveals clear preferences among international buyers, with properties priced below USD 87,000 (3 […]

Nippon Koei and Inoue Calcium Target Cambodian Cashew Processing Industry

Two foreign companies, Nippon Koei Business Partners Co., Ltd. and Inoue Calcium Corporation, are set to make significant investments in Cambodia’s growing cashew processing sector. They aim to enhance the quality of cashew nuts for export, particularly to Japan. On January 30, 2025, two important meetings took place that could impact the future of Cambodia’s […]

Cambodia’s Real Estate Market Faces Mixed Signals Amid Regional Benchmarks

Cambodia’s commercial real estate market reveals significant challenges with office occupancy rates at 65.1%, well below the international benchmark of 85-90%, while maintaining premium rents at $27 per square meter, according to the “Fearless Forecast” report presented by CBRE Cambodia Chairman Marc Townsend at Novotel Phnom Penh BKK1 on 14 January 2025. The retail sector […]

Vietnam’s USD 67 Billion High-Speed Rail Project Charts Independent Path, Shunning Foreign Investment

In a groundbreaking move that signals Vietnam’s growing economic confidence, the Vietnamese National Assembly has approved an ambitious USD 67 billion high-speed rail network connecting Hanoi to Ho Chi Minh City, with the revolutionary decision to fund the megaproject primarily through domestic sources rather than traditional foreign investment, according to an announcement from the National […]

Sihanoukville Autonomous Port Sees Striking Growth in 2024 Revenues

In a year of remarkable achievements, the Sihanoukville Autonomous Port has emerged as a standout performer in Cambodia’s logistics sector, with projected earnings exceeding USD 110 million in 2024. According to a recent report from the Ministry of Public Works and Transport, this impressive financial leap marks a growth of over 24% compared to last […]

Cambodia to Establish Private Business Centers in the UK and India to Attract Investors

Cambodia is set to establish private trade centers in London and New Delhi to promote Cambodian products in international markets and draw foreign investors. This initiative was discussed during a meeting on January 20, 2025, between Lok Chumteav Chamnimol, the Minister of Commerce, Tycoon Lim Bunsour, CEO of AZ Group, and Mr. Jas Sohl, Director […]