Recent Infrastructure Renovation in SR and SHV Tip of the Iceberg for Future Masterplans

• 27 January 2021
• Local News
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According to a local analyst, the infrastructure renovation projects such as the 34-road project in Sihanoukville and the 38-road project in Siem Reap are just the model or small parts of the government’s future master plan to enhance infrastructure nationwide.

President of the Cambodia Valuers and Estate Agents Association (CVEA) Chrek Soknim said in a press conference on 23 January that the government first started in Sihanoukville as a model province, and later on, continued to Siem Reap.

“The government converts the crisis caused by COVID-19 into an opportunity. As for the 34-road project, the construction was complete in less than a year, as there were not many tourists. Then, the government realised that it is the best time to develop infrastructure in other provinces too,” said Mr Soknim.

“Recently, the government started the 38-road project. Again, this is a good time to upgrade the city, so that it can welcome more tourists with a new look after COVID-19 ends,” he added.

Mr Soknim added that these two provinces are just the starting point of the government’s main development plan. There will be such projects in almost all provinces in the future.

In addition to enhancing the transportation system in the future, the continuous effort of the government in building more infrastructure, even during the COVID-19 crisis period, was also an important factor in preventing the real estate market from declining. (Read more)

CVEA Vice-President Man Chandy explained that, for most cases, land prices increase due to nearby major development projects, especially government infrastructure development. Thus, if the government continues to build more infrastructure in various locations, land prices will not fall.

Meanwhile, to date, the 34-road project in Sihanoukville have been completed. In addition, the government is also building 11 more roads using additional of US$100-million budget. (Read more)

As of January 12, the 38-road project in Siem reap was about 14.27% complete. (Read more)

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