Projects Development
Sihanoukville’s Ream Bay to become a US$16-billion mega tourist attraction
Ream Bay of Preah Sihanouk province will be transformed into a US$16-billion gigantic tourist attraction, spread over 800 hectares of land, according to the Ministry of Land Management, Urban Planning, and Construction. The project was announced during a meeting between H.E. Chea Sophara, Minister of Land Management, Urban Planning, and Construction, and related authorities on […]
Read More
Ground broken on 11 road construction projects in Sihanoukville
Construction on 11 road projects in Sihanoukville officially started on 14 February 2020, with the ground-breaking ceremony presided over by H.E. Suong Heng, Secretary of State of the Ministry of Public Works and Transport. With a total length of 16km, the project includes the extension of National Road 4 from 2 to 6 lanes and […]
Read More
Offshore Block D oilfield agreement signed
The Ministry of Mines and Energy has signed an offshore Block D oilfield agreement with Cambodia Resources Energy Development Co. The oil agreement was agreed in December last year and the company is scheduled to start exploration for oil in the Block D in 2020, according to H.E. Cheap Sour, Director-General of Petroleum at Ministry […]
Read More
Construction on NR 10 connecting Battambang to Koh Kong to begin in March
Construction work on the new National Road No.10 connecting Battambang to Koh Kong is scheduled to begin in March, with the ground-breaking ceremony to be presided over by Prime Minister Samdech Hun Sen. The announcement on the ground-breaking schedule was made by Samdech Hun Sen during the ground-breaking ceremony for the renovation of National Road […]
Read More
Government to prioritise Chroy Changvar – Svay Chrum Bridge with US$700m S. Korea loan
Prime Minister Samdech Hun Sen will prioritise the Chroy Changvar-Svay Chrum bridge by utilising the US$700 million loan recently provided by the South Korean government for 2019-2023. Samdech Hun Sen announced the plan during the ground-breaking ceremony for the renovation of National Road 2 and 22 on 11 February. “According to the feasibility study, the […]
Read More
Three Japanese firms plan to invest in Phnom Penh waste management system
Three Japanese firms have expressed their interest in investing in a waste management system in Phnom Penh, with the government currently planning to renew the system in the interests of efficiency. The Japanese firms raised the issue during a meeting between Cambodian Prime Minister Samdech Hun Sen and the Japanese Ambassador to Cambodia H.E. Mikami […]
Read More
World Bank: Large construction and property credit downside risk for Cambodia’s economy
The combination of construction, real estate, and mortgage businesses captured the largest share in bank credits, which is one of the main downside risks for the kingdom’s economy, according to the World Bank. According to the latest Economic Development and Outlook Report published in November 2019, economic risks for Cambodia are due to three main […]
Read More
Total power supply reaches 3.382 MW in 2019
Power supply generated from different power sources reached 3.382 MW in 2019, a year-on-year increase of 28% compared to 2018. Government officials said that the increasing power supply was due to the high demand of power consumption amid rapid development. Data from the Ministry of Mines and Energy shows that as of 2019, main power […]
Read More
PM Hun Sen: Akreiy Ksatr to become the next satellite city
Areiy Ksatr and Svay Chrum, on the east bank of the Mekong River from Phnom Penh, will be a huge satellite city in the future, especially after the bridge connecting Chroy Changva to Svay Chrum becomes a reality, according to Prime Minister Samdech Hun Sen. The statement was made during the ground-breaking ceremony for the […]
Read More
Renovation on NR58 complete, scheduled to open by late February
The renovation on National Road 58 from Banteay Meanchey to Oddar Meanchey has been completed and will be officially inaugurated on 26 February 2020. According to a report from the Ministry of Public Works and Transport, the inauguration ceremony will be presided over by Prime Minister Samdech Hun Sen. The renovation project has a total […]
Read More