Investment and Funding
World Bank Approves US$100 million to Support Cambodia’s Road Improvement
The World Bank approved a US$100 million credit line on 17 July to support road infrastructure construction projects in Cambodia, targeting the local communities and the rural road system. The project entitled ‘Cambodia Road Connectivity Improvement Project’ aims to enhance rural communities’ access to critical services such as health centres, referral hospitals, schools and markets, […]
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Thai government approves US$9bn Pattaya airport expansion
A consortium led by Bangkok Skytrain and metro operator BTS has been given the green light by the government of Thailand to expand U-Tapao International Airport near Pattaya. The consortium, which includes Bangkok Airways and Sino-Thai Engineering & Construction, plans to build a third terminal and cargo and plane maintenance centres as well as create […]
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Gov’t will not cut infrastructure spending
The Cambodian government is excluding funding for building and restoring infrastructure from its COVID-19 budget cuts. According to the government announcement, the 2020 fiscal budget cut is being implemented to save money for economic recovery, which has been hit hard by the pandemic. The budget gained expenditure cutting will be used as a subsidy fund […]
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Ratanakiri Province Now Connected to National Grid
Ratanakiri province can now access the national grid with power was supplied from the Lower Sesan Dam 2 on a 230-kilowatt high-voltage transmission line. Electricity du Cambodge (EDC) officially launched a 230-kilowatt high-voltage transmission line about 102 kilometres from the Sesan Dam 2 in Stung Treng province and a new 230-kilowatt grid substation in Ratanakiri […]
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CBRE: Land prices remain stable in Q2 2020, despite fewer transactions
Land prices across all districts in Phnom Penh in Q2 of 2020 remain robust despite fewer transactions in the market partly due to the COVID-19 pandemic, according to the CBRE Cambodia report published on 07 July. Speaking at the webinar presenting the report, Senior Director of CBRE Cambodia James Hodge said that the fact that […]
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ESIA study completed for 700-MW Sihanoukville power plant, expected to go online by 2022
Following the completion of the environment and social impact assessment (ESIA), construction of a 700-megawatt coal-fired power plant in Preah Sihanouk province’s Stung Hav district is set to begin soon, and is expected to generate power to the national grid in 2022. The energy project is a joint venture between Cambodia International Investment Development Group […]
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Kampong Speu 500-hectare industrial zone to become economic catalyst after COVID-19 crisis
Neak Oknha Pung Kheav Se’s 500-hectare industrial zone project located between National Roads 51 and 44, will become Cambodia’s economic catalyst after the COVID-19 crisis ends. Chrek Soknim, President of the Cambodian Valuers and Estate Agents Association (CVEA) told Construction & Property Magazine on 25 June 2020 that the 500-hectare industrial park development project has […]
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ASEAN: Mega construction projects will rebound to reach US$2.9 trillion over the next five years
Increasing investment in ASEAN construction industry The COVID-19 crisis has left many economies across the globe, including the construction industry, closed for a months during the first quarter of 2020. For ASEAN, significant opportunities for the growing demand for construction machinery are expected to increase after 2020, due to large infrastructure projects and changing labour […]
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Sihanoukville receives US$10 billion investment for tourism and hotel services
Sihanoukville has received a total investment of US$10 billion in tourism and hotel services, according to a report by the Sihanoukville provincial administration on 10 June 2020. To date, Sihanoukville province has a total of 194 investment projects worth US$30 billion in operation, in which 60 companies has invested in the tourism and hotel services […]
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CDC approves three investment projects worth over US$166 million
The Council for the Development of Cambodia (CDC) has approved investment projects of three firms worth over US$166 million, including a five-star hotel business in Sihanoukville, a solar panel manufacturing in Kampong Speu and a solar power station in Battambang. According to the official Facebook page of the Council for the Development of Cambodia (CDC) […]
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