Investment and Funding
Sihanoukville Airport Runway Expansion Complete
The runway restoration and expansion at Sihanoukville International Airport has been completed and is scheduled to officially open by the end of 2020, according to the Sihanoukville Provincial Administration. The blessing ceremony for the completion of this new runway was held on 13 October under the presidency of Minister of the Secretariat of Civil Aviation […]
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Japan Providing US$35million Grant Aid to Repair Seven Bridges in Prey Veng and Kratie
The Japanese government is currently providing approximately US$35 million in grant aid to restore seven bridges in Prey Veng and Kratie provinces which under the risk of flooding. Senior Minister of Public Works and Transport HE Sun Chanthol mentioned this during the handover ceremony of road construction machinery on the morning of 12 October. (Read […]
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Japan Funds US$1 billion for Infrastructure Development in Cambodia
Japan provided at least US$1 billion in funds, including grant aid and loans for Cambodia infrastructure development, according to the Minister of Public Works and Transport (MPWT). Minister of Public Works and Transport HE Sun Chanthol stated the figure during the handover ceremony of 15 pieces of construction machinery as grant aid from Japan on […]
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Japan Grants 15 Construction Machines to Promote Infrastructure Development in Cambodia
The Government of Japan has handed over 15 road construction machines worth US$4.5 million to help improve road construction projects in Cambodia. The handover ceremony was held on 12 October and presided over by Ambassador of Japan to Cambodia and HE Sun Chanthol, Minister of Public Works and Transport. The grant comprises of 15 machines […]
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China to Fund Three More Major Infrastructure Developments in Cambodia
China is planning to sign more agreements funding at least three major infrastructure development projects in Cambodia, including installing submarine optic cables, restoring NR 71C, and the improving rural power transmission line phase 7. The Chinese government stated the intention during an official meeting between Cambodian Deputy Prime Minister HE Hor Namhong and Councilor and […]
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Cambodia Never Asks to Delay Loan Repayments from Foreign Creditors
Despite the COVID-19 crisis, Cambodia has never asked creditors to delay payment or disobey any international financial obligations, according to government spokesman HE Phay Siphan on 09 October. “As noted by Prime Minister Hun Sen, Cambodia is in a better position compared to some other countries in terms of financial status during the COVID-19 period. […]
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Chinese Firm Finishes Phnom Penh-Bavet Railway Feasibility Study
The assigned Chinese firm has recently finished the feasibility study of the railway project connecting Phnom Penh to the Vietnam border Bavet City, according to a senior official of the Ministry of Public Works and Transport (MPWT). Ministry spokesman HE Vasim Sorya said on 06 October that the railway project is part of the development […]
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Century Entertainment to Relocate Casino from Sihanoukville to Dara Sakor
Century Entertainment International Holdings, one of Hong Kong’s largest casinos, will relocate its gaming floor from Sihanoukville to Dara Sakor district of Koh Kong province, according to G3 Newswire on 01 October. The operator said the gaming floor will be moved from its current location at the Sunshine Bay Hotel in Sihanoukville to a new site, as […]
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US Firms Mull Exporting Infrastructure Components to Cambodia
Large US firms are considering exporting components and equipment used for infrastructure development to Cambodia, according to a meeting between those firms and the Ministry of Mines and Energy last week. Those US large firms include Chevron, ConocoPhillips, Amazon, Bell Texton, Ford, and Visa. During the meeting, the firms are also planning to invest in […]
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Construction & Property Weekly Video News (26 September 2020)
This week content (26 September 2020): #1. HLH Group Acquiring 1.2-Hectare Plot in Toul Kork for New Mixed-Use Development [Click] #2. Construction of Kampot International Tourism Seaport Delayed [Click] #3. Kampot Studying Centralized Administrative Area and New Stadium Project [Click] #4. Singapore Mulls Investing in Phnom Penh SuperPort [Click] #5. Thailand Transforming 72 Prisons Nationwide into Tourist Destinations [Click]
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