Phnom Penh Airport to facilitate parking for 42 aircraft by December
Phnom Penh International Airport recently announced construction of parking slots for 12 additional aircraft, on an area commonly known as Apron B at an estimated cost of US$ 8 million. The slots will be primarily used for long-term aircraft parking, and by December there will be an additional 30 for aircraft – “C”, A320 and B737. According to Cambodia Airports, this provide Phnom Penh Internat...
Read MorePM aims to transform Sihanoukville to be Asian Tiger financial hub
Cambodia's Prime Minister Samdech Techo Hun Sen on 16 November expressed his ambition to transform the coastal city of Sihanoukville into an Asian Tiger financial and economic hub. The Prime Minister announced his ambition during the groundbreaking ceremony of 34 roads in Sihanoukville which will be built to identical technical standards using a budget of around US$294 million. (Read more) “...
Read MoreUS$1 billion Spent on Road Infrastructure and Energy
The Royal Government of Cambodia has spent this year roughly US$1 billion as a public investment on building infrastructure in Sihanoukville province and installing 400 MW-power plants near Phnom Penh. Speaking at the graduation ceremony at the National Institute of Education, Samdech Techo Hun Sen said that the government is capable to collect income for expenditure as the income from taxation...
Read MoreFirst oil expected in 2020
Cambodia will be extracting its first oil drop next year which will help generate huge income from the kingdom’s natural resources, Samdech Techo Hun Sen, Cambodian Prime Minister said on Monday 18 November 2019. Speaking at a graduation ceremony at the National Institute of Education, Samdech Techo Hun Sen said that income from the oil sector will be used on the national budget for infrastructur...
Read MoreMore than 1,000 building projects completed in Sihanoukville in two years
Between November 2017 to November 2019, there were 1,076 construction projects with high-rise buildings of between 5 and 45 storeys, totalling 801 projects, according to a report from the Sihanoukville provincial administration. According to the report, as of October 2019, tourism services and business buildings held residence in approximately 880 buildings, of which 345 are hotels and guesthou...
Read MoreGovernment says industrial zone filled along National Road 4
The Royal Government of Cambodia has been placing industrial facilities along the National Road 4 to serve the economic need of the two main pillars of Cambodia's economy, Phnom Penh and Sihanoukville, said Prime Minister Samdech Techo Hun Sen on 16 November. Speaking at a road ground-breaking ceremony in Sihanoukville, Samdech Techo Hun Sen reaffirmed the vision of turning Sihanoukville into a...
Read MoreNew Roads to Rebuild Face of Sihanoukville
The Royal Government of Cambodia is spending US$294 million on infrastructure in Sihanoukville city, building 34 roads to help transform the face of this beach city with new infrastructure, commercial buildings, and an attractive tourism sector. The breaking ground ceremony of the 34-road construction project was held on November 16 under the auspices of Samdech Techo Hun Sen, Prime Minister of...
Read MoreSEZs development to help realise Cambodia’s vision for Industry 4.0
By Leakhena Khat With developments in technology and the rise of global market competition, Cambodia must develop its industrial sector for higher economic growth and to get itself ready to implement the vision of Industry 4.0. To realise this vision, the Cambodian government via the Council for the Development of Cambodia (CDC) is currently focusing on the development of special economic zones...
Read MoreContract signed for construction of Phase I of Bakeng Water Treatment Plant
The Phnom Penh Water Supply Authority (PPWSA) has signed a construction contract with a French company for Phase I of the Bakeng Water Treatment Plant which will have a capacity of 195,000 cubic metres. According to PPWSA, the signing ceremony was held on 14 November with Vinci Construction Grants Projects. Construction will start in late November with 36 months needed for completion. Phase I of...
Read MoreThailand to build second Suvarnabhumi terminal
The Thai government announced plans in September to build a US$1.4bn second terminal at Suvarnabhumi, Bangkok’s main international airport. Controversy remains over the precise location of the new terminal on the overall site with Airports of Thailand lobbying against the current master plan to have the new terminal extending northeast from the current building. Thai Prime Minister Prayut Chan-...
Read MoreCondominium purchasers can finally feel relief
By Eric Wong Chon Lap This is the year when condominium end-user purchasers can feel relief, with many developers saying that they will concentrate on completing their existing developments, and also focus on the unsold condominium inventory in response to the weaker demand, partly due to surge of condominium inventory in recent years. The reason end-user purchasers should be cheerful is that m...
Read MoreUS$300 million Sihanoukville road building program to break ground
Ground will be broken by Samdech Techo Hun Sen, Prime Minister of Cambodia on Saturday 16 November for work on the 34-road construction program in Sihanoukville city with a budget of almost US$300 million. Speaking at the opening ceremony of a cement factory in Kampot province on Thursday 15 November, Samdech Techo Hun Sen said the roads in Sihanoukville city will be built of 20cm-high cement c...
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