Samdech Techo Hun Sen Announces Intent to Utilise US$170 Million Stadium for Extra Profit

• 29 July 2019
• Property Focus
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Samdech Techo Hun Sen, Prime Minister of Cambodia, said that the new US$170 million national stadium funded by the Republic of China will be utilised to make extra profit.

The Morodok Techo National Stadium is a mega stadium stretching over 82,400 square metres of construction area in Prek Tasek, Khan Russey Keo, Phnom Penh, which is now undergoing extensive construction ahead of the 2023 SEA Games which Cambodia will host.

Speaking during an inspection of the construction, which is now more than 50% completed, Samdech Techo Hun Sen said on 29 July that after the building is completed in 2020, Cambodia will be working hard to ‘use building to support building’.

According to Samdech, to ‘use building to support building’ meant to use this building for greater benefits coming from hotels, shops for clothing, sportswear, sport equipment and more.

As Samdech explained, income from the above sources can be used to support the high cost of the buildings’ operation, especially electricity as once the building is completed some areas require air conditioning in order to not damage the facilities.

The mega Morodok Techo National Stadium is a gift from the Republic of China worth 1,050-million-yuan renminbi about US$160 to US$170 million with no budget contributed from Cambodia.

• Projects Development
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