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ខ្មែរ Projects Development
Construction Sector to Gradually Recover Amid 4% Economic Growth and Robust Financial Sector, says NBC
- 31 December 2020
The National Bank of Cambodia NBC said that the construction and property sectors in Cambodia will gradually recover in 2021, given the fact that the kingdom's financial sector remains robust and the 2021 economic growth is forecasted at 4%. According to the NBC Macroeconomic and Banking Sector Outlook for 2021 released on 31 December, the financial sector's active asset, from which 90% is the ...
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Construction Progress Details of the New Siem Reap International Airport
- 31 December 2020
Construction on the new Siem Reap Angkor International Airport (AIAI) began on 15 March 2020 and is scheduled to be completed by 2023. The airport is being built on a 700-hectare land plot with a 1,000-hectare special economic zone under an investment of over US$900 million. As of 23 December, construction has been 35% complete. The following are the detailed work progress of the project based on ...
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Contracts Awarded on US$2.4bn Singapore-Malaysia Shuttle
- 31 December 2020
Japanese contractor Penta-Ocean Construction has been awarded a US$676m civil engineering package for the 4km Johor Bahru–Singapore Rapid Transit System being built to connect Singapore and Malaysia by the Singapore Land Transit Authority (LTA) Penta-Ocean will handle tunneling work, and will build the Singapore terminus of Woodlands North station and the Malaysia terminus at Bukit Chaga as wel...
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Updates on Major Infrastructure Developments in Siem Reap
- 30 December 2020
Although the tourism sector in Siem Reap has been hit by the COVID-19 pandemic, the government is still active especially in infrastructure development, with the aim to attract more tourists after the crisis is over. Prime Minister Samdech Hun Sen once said that although COVID-19 has prevented tourists from travelling to Cambodia and negatively affected the economy, on the positive side, it is a g...
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90 million Cubic Metres of Land Needed to Fill In Construction Site of Koh Norea and the New Phnom Penh Airport
- 30 December 2020
The Overseas Cambodia Investment Corporation (OCIC) has recently said that over 90 million cubic metres of land is needed to fill in the construction site of the Koh Norea and the new Phnom Penh International Airport project. OCIC Chairman Neak Oknha Pung Kheav Se said approximately 60 million cubic metres of land is needed for Koh Norea project. Meanwhile, the new Phnom Penh international airp...
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Major Construction Projects Inaugurated in 2020
- 29 December 2020
NR58 connecting Banteay Meanchey to Oddar Meanchey National Road No. 58 is 174km long connecting Samrong city of Oddar Meanchey to the National Road 5 in Poipet city of Banteay Meanchey province. The construction of this road cost US$122.98 million, which was jointly financed by the Chinese government and the Cambodian government budget. The inauguration ceremony was presided over by Cambodian...
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CDC Approves Two Construction Materials Factories Worth Over US$11million
- 29 December 2020
The Council for the Development of Cambodia (CDC) has recently permitted two private firms to invest over US$11 million building two construction material factories in Sihanoukville and Svay Rieng provinces. The first project is a metal processing factory in the Sihanoukville special economic zone. The construction of the factory costs approximately US$5.2 million, invested in by Cambodian New ...
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First Drops of Cambodian Oil Produced Today at Apsara Oil Field
- 29 December 2020
The first drops of Cambodian oil have been produced today at Block A of Apsara Oil Field, following the recent completion of construction, according to the Prime Minister Hun Sen’s Facebook Page. The first well entitled A-0ID was completed on 23 December 2020, and the production of the oil started on 29 December 2020. Meanwhile, two other wells have already been drilled to the oil reservoir. ...
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Koh Kong a Potential Target for World Bank’s Blue Economy Development Project
- 28 December 2020
The World Bank is planning to invest millions of dollars in the 'Blue Economy' project in Cambodia, and Koh Kong could be one of the target provinces chosen for the project implementation. Koh Kong Deputy Governor Ouk Pheaktra said during the meeting with relevant officers regarding the coastal management on 28 December that his authority is currently conducting the feasibility and trying the b...
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Major Infrastructure Projects Broken Ground in 2020
- 28 December 2020
Although 2020 was not a good year due to the COVD-19 pandemic and the recent floods, the government of Cambodia continuously updates infrastructure development. Thus far, none of the infrastructure projects have been delayed. Projects scheduled to break ground in 2020 have also already begun. Here is the list of the major infrastructure projects that saw ground broken in 2020. 1) NR 2 and 22 Re...
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