US$100 million budget approved for infrastructure in Sihanoukville

On 04 September 2019, the Cambodian government approved a US$100 million budget for the construction and rehabilitation of infrastructures in Sihanoukville.

The budget was approved after some significant physical infrastructures such as roads and natural waterways were damaged amid rising construction, increasing residents, garbage, and heavy rainfalls.

In a 2-page press release, the Ministry of Economy and Finance (MEF) said that the National Committee for Coastal Management and Development agreed to allocate US$100 million for the construction of recently discussed main roads, ring roads, drainage, and a wastewater system. (Read more)

In order to make ways for water to flow easily, there will be restoration of the five existing waterways and sewage system which are currently being violated by locals living near the site.

In addition, 22 roads will be restored across the city in accordance with technical standards. Construction will also focus on technical infrastructure issues like construction quality, road size, cable installation, telecom networks, clean water pipes, and wastewater and drainage systems.

According to the result of the feasibility study discussed recently, the project is set to be implemented in three phases from 2019-2021, 2021-2023, and 2023-2030. (Read more)

Photo by Facebook Page Ministry of Economy and Finance
Photo by Facebook Page Ministry of Economy and Finance
Photo by Facebook Page Ministry of Economy and Finance

 

Feature photo by Facebook Page Ministry of Public Works and Transport 

- Video Advertisement -

Related Post

MinebeaMitsumi to Invest Over US$320 Million in Expanding Operations in Cambodia and Thailand

Japanese electronics supplier MinebeaMitsumi has announced plans to invest 50 billion yen (US$321 million) to build a new factory in Cambodia and expand a solar power plant in Thailand. This report was published by NIKKEI ASIA on 10 May 2024. MinebeaMitsumi will allocate 32 billion yen (over US$205 million) to construct a new factory in […]

Cambodia’s Trade Surges: Exports and Trade Volume Reach Record Highs

Cambodia has witnessed a remarkable surge in its trade volume and exports during the first four months of 2024, with trade volume exceeding US$16 billion, marking an impressive growth of nearly 12 percent. This growth trend was paralleled by a corresponding rise in exports, also reaching nearly 12 percent. The Minister of Commerce, Lok Chumteav […]

Angkor Ticket Sales Propel Cambodia’s Tourism Revenue to New Heights With US$19.9m Revenue in 4 Months

Ticket sales for Angkor Wat have generated an impressive revenue of US$19,917,533 in the first four months of 2024. This substantial income surge, marking a 41.95% increase compared to the same period in 2023, underscores the enduring allure of Angkor Wat as a premier tourist destination. The report, released by the Angkor Institute on 1 […]

SHV’s Poverty Rate Drops to 1.68% Amidst Robust Economic Growth in 2023

Amidst a surge in economic prosperity, Sihanouk Province witnessed a notable decrease in its poverty rate, plummeting to 1.68% in 2023. This remarkable achievement stems from the province’s robust economic growth, which soared to 6.4% during the same period. These encouraging figures were unveiled by HE Long Dimanche, Deputy Governor of Preah Sihanouk Provincial Board […]

SHV Port Marks Remarkable Growth with 240K TEUs of container, a 23% Increase in Container Traffic in Early 2024

In the first quarter of 2024, the Sihanoukville Autonomous Port witnessed a significant surge in its operational capacity, handling 240,000 Twenty-Foot Equivalent Units (TEUs) of containers. This marks an impressive increase of more than 23% compared to the corresponding period in 2023. The announcement was made by His Excellency Peng Po Nea, Minister of Public […]

PPAP Marks Robust Growth with 7% Revenue Increase, More Than US$8m, in Q1 2024

The Phnom Penh Autonomous Port (PPAP) has reported a significant revenue increase of 7% in the first quarter of 2024, totalling US$8,064,657, as compared to the corresponding period in 2023. This financial uplift, detailed in a press release dated 12 April 2024, the port’s growing economic influence in the region. A breakdown of the earnings […]