PM Hun Sen: Akreiy Ksatr to become the next satellite city

Areiy Ksatr and Svay Chrum, on the east bank of the Mekong River from Phnom Penh, will be a huge satellite city in the future, especially after the bridge connecting Chroy Changva to Svay Chrum becomes a reality, according to Prime Minister Samdech Hun Sen.

The statement was made during the ground-breaking ceremony for the renovation of National Road 2 and 22 on 11 February.

“Areiy Ksatr is developing rapidly and will become a large satellite city in future, so we must build a bridge connecting that Areiy Ksatr from Chroy Changva,” said Samdech Hun Sen.

Regarding the long-waited Chroy Changva-Svay Chrum bridge, Samdech Hun Sen said in the ceremony that he will make this project as a priority to request additional budget from the total US$700 million loan budget recently provided by the South Korean government for 2019-2023. (Read More)

“According to the feasibility study, the bridge linking Chroy Changva to Svay Chrum will only cost around US$40 to US$ 50 million … the South Korean government has agreed to provide us a US$700 million loan for 2019 to 2023 fiscal years. Thus, there should be no problem to request financial aid for this project,” said Samdech Hun Sen.

“However, it is also our task to select which development projects we want to prioritise, and we would like to make this bridge as the priority,” he added.

Areiy Ksatr and Svay Chrum are currently the high potential areas, which have attracted a number of development projects.

- Video Advertisement -

Related Post

Chinese Company to Establish Cashew Processing Plant in Cambodia

Shandong (Cambodia) Economic and Technological Development Zone, a Chinese company specializing in cassava and cashew cultivation, has announced plans to increase its capital to establish a cashew processing plant in Cambodia. This initiative was discussed during a recent meeting held on November 6, 2024, between His Excellency Hun Manet, the Prime Minister of Cambodia, and […]

Techo International Airport completed more than 90%, cost of USD1.3 billion

As of the first week of November 2024, the construction of Techo International Airport has achieved more than 90% with a cost of more than USD 1.3 billion. HE Sinn Chansery Vutha, Secretary of State and Spokesman for the Secretariat of State for Civil Aviation of Cambodia said on November 6 that the major construction […]

ADB Commits USD 400 Million Large-Scale Financing for Clean Water and Sanitation in Cambodia by 2025

The Asian Development Bank (ADB) has pledged a transformative USD 400 million Large-Scale Financing (MFF) project to advance clean water and sanitation infrastructure across Cambodia, targeting approval by the end of 2025. This announcement follows the success of an ongoing USD 119 million Provincial Water Supply and Sanitation Project currently active in the provinces of […]

China’s Sailun Group to Launch $110 Million SEZ in Kampot Province

Chinese tyre manufacturing giant Sailun Group has announced plans to develop an industrial park named the “Cambodia Kampot Special Economic Zone Project” (Kampot SEZ) in Cambodia, backed by an impressive $110 million investment. The new venture will be managed by a wholly-owned subsidiary, Kampot Bay Investment Co., Ltd., established specifically to implement the Kampot SEZ […]

Cambodia’s Construction Investments Struggle to Recover as 2024 Sees Significant Drop

Cambodia’s construction sector continues to face a challenging period, with approved investment projects in 2024 falling to about 2,190, valued at under $4 billion, a stark contrast to the nearly 4,841 projects worth approximately $12 billion in 2020. The latest report from the Ministry of Land Management and Urban Planning, presented by CBRE Research on […]

USAID Grants USD 55 Million to Cambodia, Prioritizing Food Security, Health, and Environment

The United States, through the United States Agency for International Development (USAID), has allocated over USD 55 million to strengthen Cambodia’s food security, environmental conservation, civil society, health, investment landscape, and demining efforts. This major funding package was detailed in a press release from USAID on 22 and 23 October 2024. Ms. Samantha Power, Director […]