France Provides US$100 Million for Clean Water Treatment Plant Construction in Bakeng Phase II
French government through the Agence Francaise de Developpement (AFD) has provided US$101 million in sovereign loan for Bakeng Clean Water Treatment Plant in Phase II which is capacity of producing 195,000 cubic meter per day. According to a press release issued on December 31 from Ministry of Economy and Finance, agreement of the sovereign loan was signed here on December 24 by H.E. Aun Pornmo...
Read MoreTwo Footbridges Constructions in Phnom Penh Launched
Phnom Penh City Hall started construction of two footbridges along the Mao Tse Tong Blvd to facilitate the pedestrians. Once the constructions finished, the footbridges in Phnom Penh will be 5. The groundbreaking ceremony of the footbridge constructions was held on December 28 under the presence of H.E. Khoung Sreng, Phnom Penh Governor. The footbridges constructions are in front of Phsar De...
Read MoreRoyal Group announces US$300 million investment on Koh Rong Island
The Royal Group, one of the largest investment companies in Cambodia, has announced a joint venture investment project with a Chinese investment company which worth 2 billion Chinese Yuan (approximately US$285 million) to build a five-star hotel and resort on Koh Rong Island in Preah Sihanouk province. The project was announced in a meeting with Chinese investors held on 28 December in Preah Si...
Read MoreKampong Speu footbridge officially opens
A footbridge crossing National Road 4 located in Chbar Mon town, Kampong Speu province has been officially put into operation to contribute to promoting the city’s beauty and facilitating ease for pedestrian commuters. The opening ceremony was held on 29 December in the presence of H.E Vei Samnang, Provincial Governor of Kampong Speu. According to Kampong Speu Municipality the new footbridge...
Read MoreSingapore experiments building roads with waste ash
To extend the life of its overflowing landfill sites and to reduce its dependency on imported sand, Singapore is testing the use of treated incineration bottom ash as the base material for building roads. Field trials using 3,000 tonnes of ash collected from waste-to-energy plants, branded “NEWsand”, will take place on a stretch of the Tanah Merah Coast Road from mid-2020. “NEWSand is born o...
Read MoreForeign condo transfers rise again in Thailand
Foreign condominium purchase transfers in Thailand showed a 1.8% year-on-year rise in the first three quarters of 2019 with Chinese investors leading the way accounting for almost 58% of all transfers. The majority of the transfers were the result of off-plan purchases made over one year ago and the rise in transfers reflects the strong condo market in Thailand despite the valuation of the prop...
Read MoreCDC approves investment projects worth close to US$2 billion
The Council for the Development of Cambodia (CDC) has approved investment projects in the sectors of energy, retail, tourism, and commercial buildings with a total investment close to US$2 billion. According to a CDC press release on 25 December, it approved investment projects for a hotel and a commercial building. BOCC Development Co Ltd will invest US$1,181 million on building a five-star...
Read MoreConstruction projects increase by 55% in 2019
4,446 projects construction projects were approved in 2019, a 55% increase compared to 2018, while investment totalled US$9.3 billion, representing a year-on-year increase of 78%. The annual report from the Ministry of Land Management, Urban Planning, and Construction showed that construction projects nationwide were built over 18.5 million square metres, a 62% increase compared to 2018 when co...
Read MoreGovernment approves Aeon 3 project
The Council for the Development of Cambodia (CDC) on 25 December approved the investment project for third Aeon mall which is to be located along Samdech Techo Hun Sen Boulevard, also known as the 60-metre wide road. The project is an investment by Aeon Mall (Cambodia) Co., Ltd using a capital of US$289.6 million and which will create about 47 jobs. According to the CDC, the project is in Pr...
Read MoreStueng Trang-Krouch Chmar Bridge Construction Completes 75 Percent
Construction of Stueng Tranng-Kroch Chmar Bridge, linking Kampong Cham province and Tbong Khmum province has finished 75 percent of construction as of December. The Ministry of Public Works and Transport updated the progressing of construction on December 25. The ministry said the ministry’s working group in charge on the project asked the construction company to pay attention on the impact ...
Read MoreLand Management Ministry to collect revenue from electronic cadastral information service
The Ministry of Land Management, Urban Planning and Construction will collect revenue from an electronic-based cadastral information service, for which the revenue will be registered as income for the national budget. According to the inter-ministry prakas on providing electronic-based cadastral information service dated on 24 December, the procedure for collecting income will be announced late...
Read MorePremier Hun Sen pushes for more SEZs along border
The Head of the Royal Government of Cambodia has pushed for the establishment of more special economic zones on the border with Vietnam in order to attract more investment from Vietnam in Cambodia. The establishment of SEZs has been pushed after Cambodia has already established special economic zones in Bavet town Svay Rieng province and a special economic zone in Tbong Khmum province. “I wa...
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