Projects Development
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 […]
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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 […]
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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 […]
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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 […]
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PM Hun Sen breaks ground on Korean-funded NR 2 and 22 upgrade
Prime Minister Samdech Hun Sen together with the Ambassador of the Republic of Korea to Cambodia Park Heung Kyeong presided over the ground-breaking ceremony on 11 February of the National Road No. 2 and 22 improvement project, connecting Takmao to Angk Ta Saom. The restoration section of National Road No.2 covers a total length of […]
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Government to transform Sihanoukville to be a second Shenzhen
The Royal Government of Cambodia has confirmed its plan to transform Sihanoukville into an industrial city with special economic zones and manufacturing for exports, similar to the Shenzhen industrial city of China. Speaking at the Public Forum on Macroeconomic Management and Budget Law for 2020 on 6 February, H.E. Vongsey Visoth said that the government […]
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Construction on expansion of Russian Blvd begins 10 February
After Phnom Penh Municipality started construction on expanding the northern section of Russian Federation Boulevard on 10 February, authorities have requested drivers to commute with caution. According to an announcement issued on 10 February, the main part of the project is expanding the northern side of Russian Federation Blvd, from the Total gas station to […]
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Government approves new construction material factory in Kampong Speu province
The Ministry of Environment has recently approved a new US$5-million construction material factory in Kampong Speu province, after completing the Environmental and Social Impact Assessment (IESIA). The approval was given during the Inter-Ministerial Meeting, chaired by H.E Neth Pheakra, Secretary of State of the Ministry of Environment on 6 February 2020. Located in Prey Romduol […]
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Government approves 1,000MW coal-fired power plant
The Council of the Ministers has approved two coal-fired power projects with a capacity of nearly 1,000MW, to help fulfil the high demand in power consumption in the kingdom. The coal-fired power projects were approved in a meeting of the Council of the Ministers held on 7 February. The first project is a 265MW coal-fired […]
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Phnom Penh Mega Mall 99.4% complete, expected to open by Q4 this year
Construction of Phnom Penh Mega Mall is currently 99.4% complete and is expected to open for operation by Q4 of 2020, which is another delay from last year’s announcement. According to the president and CEO of the Hassan (Cambodia) Development Mr Olvy Othsaman, the original plan for the opening was in Q3 this year. However, […]
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