Construction to Begin on US$200-million Phnom Penh Logistics Complex in 2022

• 23 June 2021
• Local News
• 4118 Views

The Phnom Penh Logistics Complex (PPLC) project is moving forward and is expected to begin construction in 2022, according to the Minister of Public Works and Transport HE Sun Chanthol.

HE Sun Chanthol made the remarks during a stakeholder consultation meeting on a master plan for “multi-modal transport and logistics connectivity” on 17 June.

“The ministry has already signed a framework agreement with Singapore’s YCH. At this stage, they are continuing their studies. In the next 9 months, we will begin the concession agreement negotiation,” said HE Chanthol.

“Therefore, we hope that in 2022, we can sign the concession agreement with YCH and break ground on the project afterward,” he added.

The framework agreement on the project was officially signed between the two parties in March. According to an initial study unveiled by Singaporean firms, the project could cost approximately US$200 million. (Read more)

 YCH Group Chairman Robert Yab said that Cambodia is a high potential investment destination, especially in the sector of logistic infrastructure.

“Cambodia’s logistics infrastructure is not that well developed today, which is why many multinational companies’ distribution centres are in other countries such as Thailand or Vietnam,” Mr Yab explained.

“Having consulted some of our customers running supply chains in ASEAN, I think they would put their distribution facilities in Cambodia if the country were to have a world-class standard of infrastructure. So this is an opportunity for Cambodia to be in the game,” he added.

• Road and Infrastructure