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ខ្មែរ 
World Bank Set to Loan Usd110 Million for National Highway No.4
National Road No.4, Source: Wikipedia The Ministry of Public Works and Transport (MPWT) is currently preparing the application for a USD110 million loan from the World Bank to upgrade National Road No. 4. According to the official letter from the MPWT, the loan will fall under the Road Asset Management Project II (RAMP II). The loan will be used to upgrade the asphalt of National Road No. 4 ...
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Usd17m National Road No 3 and 7 Upgrades to Start in April
The Minister of Public Works and Transportation (MPWT) yesterday signed a contract with Sichuan Road and Bridge (Group) Corporation Ltd for a USD16.9 million project to upgrade and maintain parts of National Roads No. 3 and 7 under the Road Asset Management Project II (RAMP II). Under a loan from the World Bank, RAMP II is worth a total of USD60 million dollars and will be used to upgrade and m...
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Expert Plugs Eastside for Next Phnom Penh Boom
The future potential for Phnom Penh’s real estate market is expected to be based on the expansion and movement to the eastern side of the capital in next five to ten years according to real estate experts. At an exclusive breakfast talk hosted by EuroCham Cambodia on February 1, industry experts gathered at Topaz restaurant for a discussion on the topic of 'Real Estate Market Trends in Phnom Pe...
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World Bridge Homes Adjusts Low-cost Housing Project Payment Policy
In response to market feedback, World Bridge Homes announced on February 2 an adjustment to the down payment policy of its low-cost housing project by extending the payment period from six months to 24 months. World Bridge Homes’ low-cost housing project aims to help low-income citizens buy affordably priced homes. The project consists of 2,457 houses on 24 hectares of land in Saang district, K...
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Aecom Overseeing Malaysia Rail Link
US engineering firm Aecom has been selected by the China Communications Construction Company (CCCC) to supervise the construction sites on the USD13bn East Coast Rail Link (ECRL) project in Malaysia. In a press release, Aecom said it would be looking after all stations, viaducts, tunnels and depots on the project, which involves building an electrified standard-gauge line from Port Klang, in th...
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Usd6.7bn Upgrade Proposed for Philippines Airport
A USD6.7 billion proposal to triple the capacity of Ninoy Aquino International Airport (NAIA) in the Philippines capital of Manila has been submitted by a local consortium to the Department of Transportation for consideration. The 70-year-old airport has far exceeded its original annual capacity of 30 million and last year saw over 42 million passengers transit. The new proposal has been sub...
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Oxley on Track With Usd2.5bn Myanmar Station Upgrade
Yangon Central Railway Station area in Myanmar is set to be transformed into a modern transport hub in a USD2.5 billion renovation to be carried out by a consortium of A Singapore-listed Oxley Holdings, local firm Min Dhama Co Ltd and Beijing-based Sino Great Wall Co Ltd. Myanmar Railways selected the group to develop to develop the 25.7 hectare site located on the station originally built in t...
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Mlmupc Diary: November – December 2017
(06 Nov) Monthly work reviewed Minister of Construction H.E. Chea Sophara presided over a meeting on monthly work progression for October, and set new objectives for November. In the official meeting, the Minister made an announcement to appoint officers and for them to make their commitment to achieve the collective goals for the ministry. (08 Nov) Affordable housing project kicks off ...
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Seoul transit hub design wins award
An international competition to design a USD1.2bn transport hub and shopping centre for the Gangnam district of Seoul has been won by French firm Dominique Perrault Architecture. The multi-use development in downtown Seoul will feature a train station, shops, an art gallery, and educational centre and parks, and when complete will be the largest underground complex in South Korea. Named ‘Lig...
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Uk Sells Thai Embassy
The UK Foreign and Commonwealth Office (FCO) is to sell its 3.7ha Bangkok embassy in the Thai capital’s exclusive Wireless Road area for USD600m. The sale represents the largest ever real estate transaction by the FCO and also, according to the FCO, the “biggest land deal in Thai history”. The Bangkok embassy is being sold to a joint-venture consortium of Hongkong Land, a member of the Jardi...
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Vietnam Real Estate Mergers Hit Record High
Sustained foreign investment in Vietnam’s real estate sector resulted in mergers and acquisitions (M&A) reaching a record total of USD1.5 billion in 2017, according to a recent report by real estate and investment management firm JLL, reported in DEALSTREETASIA. Foreign investors from Japan, Korea, Singapore and China see Vietnamese real estate as an attractive opportunity, with M&A and...
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Myanmar Interest Rates Under Pressure
The government of Myanmar is under pressure from the real estate industry to reduce the high capital gains tax and interest rates on borrowing to boost investment in the construction and property sectors. The Myanmar Construction Entrepreneur Association (MCEA) is leading calls for capital gains tax to be reduced from 30 percent to 5 per cent. Property developers are also leading calls for borr...
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