Private Sector Called on to Build Phnom Penh Logistics Complex

The Ministry of Public Works and Transport has asked the private sector to join in the construction of a Logistics Centre in Phnom Penh, with the complex planned for near to Phnom Penh Autonomous Port.

The participation of the private sector in the construction and development of the logistics centre in Phnom Penh would promote the logistics sector in the capital.

The meeting for a pre-feasibility study of the logistics complex in Phnom Penh was held on 24 June 2019 at the ministry and the study will take six months.

This is the first project under a master plan supported by development partner ADB under the Public Private Partnership.

This project is essential to provide more options for land transport, rail and water transportation, reduce logistics costs, enhance Cambodia’s competitiveness of products and services, and integrate Cambodia into regional and global supply chains.

H.E. Sun Chanthol, Senior Minister and Minister of Public Works and Transport, said that the logistics complex project has already been established and the ministry is calling on the private sector to participate in the project.

Speaking to reporters on Tuesday, H.E. Sun Chanthol said: “We are currently working on plans, but we have not yet found a partner for private construction. We have yet to receive applications from the private sector to build a logistics centre.”

Sin Chengy, president of the Cambodian Freight Forwarders Association, expects the logistics complex in the Phnom Penh will help promote the logistics industry by facilitating transportation-related forms.

- Video Advertisement -

Related Post

Cambodia Faces Mounting Debt Challenges in the Real Estate Sector

The real estate sector in Cambodia is grappling with mounting financial concerns, as total housing debt nears USD 1 billion, according to insights shared during the recent roundtable discussion, The Debt Situation in Cambodia, organised by the Real Estate and Mortgage Regulatory Authority. Mr Chou Vannak, Director General of the authority, revealed that homebuyers owe […]

Expert: Dual-Pronged Strategy to Navigate Post-Pandemic Challenges in the ASEAN+3 Property Market

The ASEAN+3 property markets, encompassing ASEAN nations along with China, Hong Kong, Japan, and Korea, are grappling with declining prices and transaction volumes, compounded by financial constraints, surplus inventory, and at-risk developers. These challenges, exacerbated in the Plus-3 economies by stricter financial conditions and diminished buyer confidence, underscore the pressing need for stabilization measures in […]

Critical Analysis of Cambodia’s Stamp Duty Exemption Policy for Properties Valued at USD70K or Less

The Cambodian government’s decision to introduce a stamp duty exemption for properties valued at USD 70,000 or less is a policy aimed at alleviating the financial burden on property buyers and stimulating the real estate market. However, while this policy appears beneficial, a deeper analysis reveals both advantages and disadvantages that raise questions about its […]

Thai office space vacancy rate rises 26.3%, Yet Thailand’s richest billionaire optimistic about market demand growth

Bangkok’s office vacancy rate in prime Grade A buildings has soared to 26.3%, reflecting a growing oversupply, but Frasers Property Limited, led by Thailand’s wealthiest scion, is betting on the US-China trade feud to drive demand for office and industrial spaces across Southeast Asia, according to bangkokpost on 19 September 2024. With a US$3.6 billion […]

Thailand’s USD 6.5 Billion EV Industry Set to Power Commercial Real Estate Growth

Thailand’s fast-growing electric vehicle (EV) industry is projected to generate a real estate market worth at least USD 6.5 billion by 2030, driven by government policies and strong foreign investments. As the country aims to solidify its position as Southeast Asia’s leading hub for EV manufacturing, this growth will fuel demand for specialised real estate […]

Cambodia Maintains the World’s Highest Central Bank Interest Rates, Defying Global Trends

In the third quarter of 2024, Cambodia continues to lead global markets, with central bank interest rates soaring between 10% and 12%, starkly contrasting with the 0% to 6% range maintained by most major economies. This divergence, detailed in a report by CBRE Cambodia published on 17 October 2024, spans from December 2021 to December […]