NR48 Renovation Project to Begin in November; Construction Agreement Signed

The Korean-funded NR48 renovation project connecting NR4 to Koh Kong province is scheduled to begin construction on 1 November, as the construction agreement contract has been already signed between the relevant parties.

The signing ceremony was held on the morning of 23 August via ZOOM under the chairmanship of Minister of Public Works and Transport HE Sun Chanthol and joined by the representatives of construction firms, technical consultants, companies, and other stakeholders.

Connecting Sre Ambel district to Khemarak Phoumin city, the 148km road will be upgraded with a length of 122.9 km having two lanes and another of 25.1 km having 4 lanes.

The project is expected to cost a total of US$78.3 million, of which over US$65 million is a concessional loan from South Korea under the cooperation fund of the Economic Development Cooperation Fund of the Republic of Korea, and US$13 million is a government budget. (Read more)

Meanwhile, the construction company is ILSUNG & HANIL Joint Venture and the technical inspection is granted to KCI & KECC Joint Venture.

This road is part of the ASEAN Highway 123 that connects Cambodia to Thailand and connects the eastern Indochina Peninsula to the western part of the Indochina Peninsula in Dawai, Myanmar.

Along NR 48, there are four special economic zones including Koh Kong SEZ, Suoy Chheng SEZ, Kirisakor Koh Kong SEZ, and Ratana SEZ, as well as the Kirisakor tourist area.

The upgrade will help reduce travel time and transportation costs and will also increase regional economic development, especially with neighbouring countries.

- Video Advertisement -

Related Post

Cambodia has Chinese-invested 1,200 factories with a total capital of more than USD9 billion

As of October 2024, Cambodia has a total of 1,273 factories invested by Chinese investors, totalling USD 9,086 billion, which represents 45.49 percent of the country’s overall investment capital. The figures were mentioned in a meeting between HE Hem Vanndy, Minister of Industry, Science, Technology & Innovation and HE Wang Wenbin, Ambassador of China to […]

ADB Invests USD 80 Million in Climate-Resilient Schools to Transform Cambodian Education

To strengthen Cambodia’s secondary education sector, the Asian Development Bank (ADB) has approved a USD 80 million loan dedicated to constructing climate-resilient school buildings and expanding educational resources across the nation. This update was confirmed in a press release from the Angkor Institute on 31 October 2024. This initiative aims to address Cambodia’s low high […]

Cambodia and South Korea Forge Strategic Alliance to Drive Investment Cooperation

The Council for the Development of Cambodia (CDC) and the South Korean Embassy in Cambodia convened their inaugural public-private sector dialogue on 24 October 2024 to strengthen investment cooperation. Led by HE. Sun Chanthol, Cambodia’s First Deputy Prime Minister and Vice President of the CDC, alongside Mr. Park Jung Wook, the Ambassador of the Republic […]

Nearly 2,000 Local Associations and NGOs Registered in Cambodia Since 2015

Since the enactment of Cambodia’s Law on Associations and Non-Governmental Organizations in August 2015, a total of 1,961 local associations and NGOs have officially registered with the Ministry of Interior, according to Dr Touch Sokheak, Deputy Spokesman of the Ministry of Interior, in a recent statement to Apsara News, 30 September 2024. Dr Sokheak detailed […]

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 […]

Apple Commits USD250 Million on New Campus in Singapore Aiming to Expand Market in ASEAN

Apple has announced a USD 250 million expansion of its Ang Mo Kio campus in Singapore, reinforcing its presence in Southeast Asia with construction set to begin this year, according to Thailand-business-news dated 04 September 2024. The project will utilize 100% renewable energy and target LEED certification, highlighting Apple’s dedication to sustainability. The announcement, made […]