Government exchanges 30 hectares of Beoung Ta Mok with other three land areas

The government has decided to grant ownership of 30 hectares of Beoung Ta Mok to Mrs Kim Heang in exchange with three other land areas, according to a letter from the Council of Ministers to the Minister of Economy and Finance, the Minister of Land Management, Urbanisation and Construction, the Minister of Water

Resources and Meteorology and the Governor of Phnom Penh dated 27 April 2020.

The letter confirms the land swop of 30 hectares of Beoung Ta Mok located in Kork Roka commune, Prek Pnov district, Phnom Penh to Mrs Kim Heang in exchange for 3 hectares located to the east of the Win-Win Memorial, 2 hectares in the satellite garden city in Prek Pnov district and a 4.8-hectare former garbage field in

Stung Meanchey. The decision details that the swop must:

1) Address remaining issues with the holders of the 30 hectares of lake land who have occupying documents at a price of US$5 per square metre;

2) Permit tax duty-free and additional exemption from inter-ministerial services in transferring all of the above ownerships.

Tamok Lake or Kob Srov Lake has a total area of 3239.7 hectares. The lake was defined by a government sub-decree dated 3 February 3, 2016, as state public property. The public lake covers the entire lake and surrounding lands.

In 2018, the Royal Government approved 20 hectares of the lake to build a fruit and vegetable market and to move the vegetable market from Phsar Deum Kor to Psar Beoung Tamok Thmey market in response to a request from the Council of Minister’s letter dated on 2 August 2018.

A further 83 hectares of the water area of Beoung Ta Mok in the northwest of the capital was granted to Phnom Penh Municipality on 5 March 2020 to be developed as a national garden and public park, including plans to develop other infrastructure such as the buildings of the Central Department of Security of the National Police at the Ministry of Interior. (Read more)

- Video Advertisement -

Related Post

In one month, Cambodia approved 28 new projects worth USD443 million

In September 2024, the Council for the Development of Cambodia approved a total of 28 investment projects, including 26 new projects and 2 production expansion projects, with a total investment of approximately $443 million. These projects are expected to create approximately 25,000 jobs. The press release from the Council for the Development of Cambodia, released […]

Japanese Firm, MIRARTH, Expands Cashew Processing in Kampong Thom with Plans to Extract Oil from Cashew Shells

MIRARTH, a Japanese company operating in Kampong Thom, is significantly expanding its cashew nut processing capacity from 300 tons per year in 2021 to 1,500 tons annually, while exploring new avenues for refining oil from cashew shells. This initiative reflects the company’s commitment to innovation and value-added processing within Cambodia’s agricultural sector. The company presented […]

MPWT Completes Trapeang Sre Border Gate Project, Paving the Way for Next-Phase Development

The Ministry of Public Works and Transport (MPWT) has officially announced the successful completion of the Trapeang Sre International Border Gate Improvement Project, a critical undertaking implemented under the Official Development Assistance Framework of the Republic of Korea. This milestone is expected to enhance cross-border trade and logistics operations in the region, positioning Cambodia for […]

Pinglu Canal Set to Revolutionize China-ASEAN Trade Routes, Achieved 53% Milestone

The Pinglu Canal, a pivotal infrastructure project in southern China’s Guangxi Zhuang Autonomous Region, has already seen 53.2% of its construction completed since work began on 28 August 2022. This major progress was reported on 10 September 2024. With an investment of approximately $9.97 billion, this ambitious project is expected to open new trade corridors […]

Malaysia Completes the World’s 2nd Tallest 678.9-metre Merdeka Skyscraper Amid Concerns Over Demand

Malaysia has added yet another architectural marvel to its skyline with the completion of the 678.9-metre Merdeka 118, now the world’s second-tallest building, following only Dubai’s Burj Khalifa. The towering structure, which will be fully open to the public later this year, further cements Kuala Lumpur’s position as a city of super-tall skyscrapers. However, the […]

Honda to Expand Capital Investment in Cambodia after 25 Years of Success

Honda Motor Co., Ltd., through its local partner N.C.X. Co., Ltd, has announced plans to expand its investment in Cambodia, marking over 25 years of successful operations in the country. The decision followed a high-level meeting on 20 September 2024 between Prime Minister Samdech Hun Manet and Mr Minoru Kato, Executive Director and Vice President […]