Projects Development
US$4-million Investment Project Approved for Kampong Speu
The Council for the Development of Cambodia (CDC) has recently given a permit to a private firm to invest US$4 million in building a garment factory in Kampong Speu province. The firm, Garment (Cambodia) Co., Ltd, will establish a garment factory in Serey Phat village, Po Angkor commune, Bor Seth district. According to the CDC, […]
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HLH Enters Joint Venture with HSC to Explore Mineral Resources in Kampong Speu
Singaporean firm HLH Group has signed a joint venture agreement with HSC Group to explore and mine mineral resources at the Cambodia-Singapore Agriculture Hub in Kampong Speu province reported Business Times. The HSC Group will obtain local regulatory approval required for the mining operation, which is estimated to commence from the following months, the group […]
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US Firm Fluence to Equip 3rd SHV Water Treatment Plant with Latest Technology
US-headquartered Fluence Corporation has secured a US$8.5 million contract to equip its MABR technology at a wastewater treatment plant in Sihanoukville, Cambodia. The company has signed a contract with the Ministry of Land Management, Urban Planning and Construction for US$8.5 million, the firm said in a recent announcement. Under the contract, Fluence Corporation will equip […]
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Chinese Firm’s Studies on Mondulkiri Airport Project Disrupted Due to COVID-19
The study of the Mondulkiri Airport project by a Chinese company is behind schedule due to COVID-19. State Secretary of Civil Aviation (SSCA)’s spokesman HE Sin Chansereyvutha said on Thursday 14 October that a team of Chinese companies could not visit and evaluate the site due to the required measures related to COVID-19. “The study […]
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EU Provides US$17 million for Cambodia’s Rural Infrastructure Development
The European Union through the Europe Investment Bank (EIB) will provide a €15 million grant aid (approximately US$17 million) to Cambodia for rural infrastructure development. The grant is part of the project to accelerate the implementation of the Sustainable Assets for Agriculture Markets, Business and Trade (SAAMBAT), according to a press release issued on 4 […]
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Construction of ADB-funded landfill in Kep 90% complete
Construction of an 8-hectare landfill in Prey Thom commune of Kep city has been over 90% completed as of September 2021, while the completion date will be delayed from October this year to early next year. According to a report from the Kep Provincial Administration, the landfill project is being built under an ADB loan […]
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CDC Approves Three Investment Projects Worth Over US$12m for PP & K. Speu
The Council for the Development of Cambodia (CDC) has recently given permits to private firms to invest over US$12.6 million in establishing three factories in Kampong Speu and Phnom Penh. The first company is Lastingwinner Garment (Cambodia) Co., Ltd, which will invest US$4.2 million to set up a garment factory on NR3, Lvea village, Ang […]
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Japan Provides US$72 million in Grant Aid for Six Development Projects in Cambodia
The Japanese government has agreed to provide approximately US$72.1 million in grant aid to Cambodia for six development projects, with US$57.6 million used for the Siem Reap Water Supply Expansion Project (Phase II) and the rest for five economic and social development projects. An Exchange of Notes for this aid agreement was signed on 11 […]
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US$9.2 billion Needed for 2022-2024 Public Investment, 44% for Infrastructure Development
At least US$9.2 billion will be needed to implement a total of 673 public investment projects from 2022 to 2024, while 44.2% will be allocated for infrastructure development. According to a Council of Ministers press release on 8 October 2021, of the total projects, 185 projects are ongoing which demands about US$5.8 billion, while another […]
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Over 2,900 Construction Projects Worth US$3.8 billion Approved in First 8 Months
The Ministry of Land Management, Urban Planning and Construction has approved a total of 2,901 construction projects during the first eight months of 2021, a 449-project drop compared to the same period last year. According to a report by the Ministry of Economy and Finance, the total investment value of the aforementioned projects was US$3,843 […]
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