New Sihanoukville Deep Sea Port Terminal Inaugurated

Sihanuokville sea port. Photo credit: MPWT

Speaking at the inauguration of the newly-built USD74 million multi-purpose terminal at the Sihanoukville autonomous port on 24 June, Senior Minister and Minister of Public Works and Transport (MPWT) H.E. Sun Chanthol announced the ministry’s plan to further expand the Sihanoukville deep sea port to become an intermediate-scale standard port with the capacity to handle more than 1 million TEUs (twenty-foot equivalent units) per year.

The expansion will be undertaken by building another new terminal which will be 14.5 metres deep with 350 metres of frontage. Together with the existing terminals, this new terminal will allow Sihanoukville sea port to be capable of receiving vessels of more than 60,000 tons or equal to about 93 percent of the whole number of vessels in Asia-Pacific by 2023.

In response to the year on year growth in trade, the government also plans to lower the crossing fee to the Cambodia Sea, which will make Cambodia’s logistic system become more competitive compared to neighbouring countries.

This new port is set to start construction by 2019 and is expected to be complete in early 2023.

The Sihanoukville autonomous port is currently being able to process more than 70 percent of the import and export logistics traffic in Cambodia.

According to H.E. Sun Chanthol, the number of containers at the Cambodian autonomous port has grown by an average of 12.6 percent or equal to 459,839 TEUs over the last five years. Meanwhile, for the first 5 months of 2018, the number of containers has reached 207,047 TEUs, seeing an increase of 19.6% compared to the first five months of 2017.

Construction on the newly-built terminal which was officially inaugurated on 25 June began in January 2015 and was completed in June this year. It was funded via a USD74 million shared fund between the government of Cambodia and the government of Japan via the Japan International Cooperation Agency (JICA).

This new terminal comprises of a 330-metre fronted retail terminal (13.5 metres deep), a 200-metre logistics supply for oil exploration (7.5 metres deep), and tugboat supplies. The terminal was constructed by TOYO Construction Co., Ltd and MAEDA Corporation of Japan and is under the technical supervision of Nippon Koei Co., Ltd and Oriental Consultants Global Co., Ltd. JV.

https://www.facebook.com/mpwt.gov.kh/videos/893404457510562/?t=0

- Video Advertisement -

Related Post

Cambodia Government Facilitates Import Exemptions for Construction Projects

In a significant move to boost investment in the construction sector, the Cambodian government has announced a new procedure to exempt imports of construction materials from customs duties, special taxes, and state-paid value-added tax. This initiative targets investment projects registered with the Capital-Provincial Investment Subcommittee and is detailed in Inter-Ministerial Prakas No. 070 S.H.O.P.R.K, issued […]

Japanese Firm EY Eyes Investment in Cambodia’s Healthcare Sector

In a significant move towards boosting Cambodia’s healthcare infrastructure, Japanese firm EY Strategy and Consulting Co., Ltd has expressed interest in exploring investment opportunities within the sector. A meeting took place on 10th Feb between H.E. Koy Vanny, Secretary of State for Health, and Mr. Ushida Masaya, a representative from EY, to discuss potential collaborations. […]

Philippines Investors Eye Cambodian Rice Imports

In a significant step towards bolstering agricultural trade, Arvin International Marketing Inc., a leading Philippines company, has expressed a keen interest in importing high-quality rice from Cambodia. This announcement follows a meeting between Her Excellency Chamnimol, Cambodia’s Minister of Commerce, and Mrs Azucena L. Yao, Chairman of the Board of Directors of Arvin International, held […]

Unwrap the Magic of Love with Borey Peng Huoth’s Exclusive Valentine’s Promotion!

This February, let’s make love special! Borey Peng Huoth is thrilled to announce a breathtaking chance to embrace the spirit of giving with our exclusive Valentine’s Day promotion. Mark your calendars for February 22 and 23, 2025, and head to our house sales office at Boeung Snor, next to National Road No. 1 in Chbar […]

Henan Provincial Administrative to Invest in Agro-Industrial Park in Cambodia

The Henan Provincial Administrative of China has announced plans to invest significantly in Cambodia to establish an agro-industrial park focused on agricultural product processing. This development was revealed during a recent meeting with His Excellency Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), and a […]

Australian Business Delegation Eyes Investment in Key Sectors of Cambodia

In a significant move to bolster economic cooperation, a delegation from the Australian Business Association has announced plans to invest in four pivotal sectors in Cambodia: trade, mining, ports, and agricultural technology. This initiative aims to enhance bilateral relations and support the country’s economic growth. During a high-profile meeting held in Sydney on February 17, […]