Local Investment Expected to Reach US$1.4 billion in 2021, Infrastructure Projects Allocated Majority

• Samphors Sao
• 1 February 2021
• Local News
• 3906 Views

A total of US$1.4 billion local investment is expected for 2021, the majority of which will be allocated for infrastructure development projects, according to PM Samdech Hun Sen during the Bakeng water treatment ground-breaking ceremony on 01 February.

PM Hun Sen said that this investment figure does not yet include direct foreign investment.

“In 2021, we plan to invest approximately US$1.4 billion, of which US$1.1 billion will be direct investment, while another US$211 million will the government co-contribution budget,” said PM Hun Sen.

“Every year, we always prepare our own budget for infrastructure development, such as roads, bridges, canals, schools, hospitals, among others. We always have to contribute, big or small depending on our income,” he added.

According to PM Hun Sen, in 2019, Cambodia saw local investment of US$594 million and US$179 million of which was the government’s co-contribution. Meanwhile, in 2020, local investment increased to US$1.4 billion despite the pandemic, US$215 million of which was contributed by the government.

PM Hun Sen also stressed that all investment projects are partially from government investment, not entirely from foreign investment. (Read more)

• Projects Development
• Road and Infrastructure