Projects Development
Us$70 Million Adb Loan to Develop National Roads No. 1 and 6
The Asian Development Bank (ADB) has agreed to provide a US$70 million loan to Cambodia for the improvement and maintenance of National Roads No. 1 and 6 according to a press release by the Ministry of Public Works and Transport (MPWT) dated 13 December, 2018. The loans, which are divided into three packages, will be used for upgrading National Road No. 1 from kilometre 63 to kilometre 159 from Neak Loeung to Bavet. For National Road No. 6, the project will start from kilometre 317 to kilometre 367 from Siem Reap city to Kralanh. These projects will cover a total road length of 145.58 kilometres.
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Eco-friendly Mixed-use Development Project Underway on Mao Tsetoung Blvd
With the increasing numbers of construction projects throughout Phnom Penh, sustainable construction incorporated with an eco-friendly concept is becoming a new trend in the construction sector in Cambodia. This new trend reflects the presence of a new mixed-use development project called The Point, which is designed with an integration of the concept of nature with other functions of a modern urban environment.
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Singapore Firm Terminates Us$11 Million Hotel Deal in Sihanoukville
Singapore-based real estate developer Hong Lai Huat has decided to terminate its sales and purchase agreement of its first hotel project in Sihanoukville, according to an announcement on the Singapore Exchange (SGX).
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Us-based Firm Submits Proposal for Affordable Housing Project in Cambodia
Affordable housing has become one of Cambodia's most important issues in addressing housing shortages, and the United Nations Development Programme (UNDP) recently laid out a design competition for a 3,000 unit affordable housing project for low-income factory workers. US-based architectural firm qastic lab has participated in the competition with a design concept that is suitable for the construction climate in Cambodia.
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Sewage System Project Supported by World Bank Loan Underway
Construction on a sewerage system project supported by a World Bank loan is in progress, according to the Ministry of Public Works and Transport (MPWT)'s Facebook page.
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New Chip Mong Factories to Boost Cambodia’s Industrial Sector
One of Cambodia largest conglomerates, the Chip Mong Group, has showcased its ambition to lift Cambodia’s industrial sector through the establishment of two new factories. On 7 December, 2018, Chip Mong Industries, a subsidiary of Chip Mong Group officially opened two new factories producing roof tiles and PVC pipes located in Dangkor District, Phnom Penh.
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Deal Signed for Cambodia-singapore Mixed-use Development Project
A joint venture development project in Toul Kork District between Neak Oknha Kith Meng’s company and a Singaporean firm has been officially signed.
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Construction of Sihanoukville First Shopping Mall Begin
As Sihanoukville sees the rapid growth in larger-scale buildings, construction on the city’s first shopping mall has also begun.
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Artificial Dinosaur Zoo Planned for Chroy Changvar
In order to attract tourists to Chroy Changva Satellite City, OCIC, led by Neak Oknha Pung Keav Se, is currently developing a huge artificial dinosaur zoo. On 29 November, 2018, Neak Oknha Pung Keav Se told reporters at the Cambodia Construction Industry Exhibition organised by the Cambodian Constructors Associations (CCA) that the construction of the artificial dinosaur zoo would cover more than 200 hectares of land and will be surrounded by a food palace.
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Construction of Gold Tower 42 Remains on Course
After being reinstated following cooperation with Chinese companies, the Gold Tower 42 project,now renamed to GT42, remains on course with construction actively progressing. A few days ago, an employee of Yon Woo Cambodia, the new owner of the GT42 project, told Construction&Property Magazine by telephone that the project is still on going as planned.
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