Projects Development
India Invests US$13bn to Build Country’s Longest Highway Connecting New Delhi & Mumbai
India officially broke ground on the first stage of its longest expressway, a route linking Delhi and Mumbai, as it makes a concerted infrastructure push to catch up with its geopolitical rival China. The expressway project is a new 1,386-kilometre four-lane road with a total budget of US$13bn which will eventually cut the road travel time between the country’s two biggest cities in half, to 1...
Read MoreConstruction on New US$60m Interior Ministry HQ 65% Complete
Construction on the new Ministry of Interior headquarters is over 65% complete and is scheduled to be final completion in July 2023, according to the announcement of the Ministry of Interior on 10 February. The new Ministry of Interior building is 9 floors high with a total area of 105,545 sqm. The construction began in November 2021 with a budget of US$60 million. (Read more) The new buil...
Read MoreChinese Firms Jointly Provide US$4.5m to Build Two Major Infrastructure Projects in Cambodia
Three major Chinese companies have jointly provided more than US$4 million in grants to Cambodia to construct two major infrastructure projects, according to the meeting between PM Samdech Hun Sen and three Chinese companies during his trip to China on 9 February. The three significant investors are China Road Bridge Corporation, Beijing Urban Construction Group, and China Metro Group. The...
Read MorePM Requests China to Study Feasibility of High-Speed Railways in PP & SR
Prime Minister Samdech Hun Sen has asked China Metro Group Limited to study two high-speed light rail projects, one in Phnom Penh and another in Siem Reap, to reduce traffic congestion. This is according to a meeting between PM Hun Sen and three major Chinese companies on 9 February during an official visit to the People's Republic of China. Three major Chinese investment companies, includ...
Read MoreAustrian Firm Studies Feasibility of Building Cable Car System in Phnom Penh
The Austrian company Doppelmayr Group has been studying the possibility of a “Cable Car” project in Phnom Penh. In the past, the company has expressed interest in investing in transportation using cable cars to promote public transport in Phnom Penh, Cambodia. (Read more) In a meeting with the Permanent Secretary of State of the Ministry of Public Works and Transport Mr Touch Chankosal on 7...
Read MoreIFAD Provides US$194m to Support Cambodia’s Rural Economy & Agricultural Trade
The International Fund for Agricultural Development (IFAD) has provided US$194 million to support Cambodia's rural economy and trade in agricultural products. The financing agreement was signed by the President of IFAD Mr Alvaro Lario and the Permanent Secretary of the Ministry of Economy and Finance Mr Vongsey Vissoth on 7 February. Of the US$194 million fund, US$47.9 million is a concess...
Read MoreJapan Mulls Investing in Cashew-to-Energy Processing Plant in Cambodia
A Japanese company has expressed interest in establishing a factory that processes cashew nuts and cashew nut shells into fuel in Cambodia, according to a meeting between the Minister of Agriculture and Forestry and the CEO of Top Planning Japan Co., LTD on 7 February. HE Dith Tina, Minister of Agriculture, Forestry and Fisheries, said that this Japanese company plans to set up a factory in Ca...
Read MoreCDC Approves 11 Investment Projects Worth US$57.9m in Four Provinces
The Council for the Development of Cambodia (CDC) has given permits to 11 private firms to invest a total of US$57.8 million in establishing 11 factories in Kandal, Kampong Speu, Sihanoukville and Phnom Penh. "ONTIME INDUSTRIAL CO., LTD." will invest US$9 million to establish a metal furniture assembly plant in the Cambodian Special Economic Zone, Cheang Gorji, Sihanoukville province. “TI...
Read MoreConstruction of Monivong Flyover Pillars 11% Complete
The construction of the Preah Monivong flyover, the first circular flyover in Cambodia, has been 11% completed as the technical team is currently drilling 219 pillars on Samdech Techo Hun Sen Blvd and Preah Monivong Blvd. Mr Sam Piseth, Director of the Department of Public Works and Transport of Phnom Penh, told BTV on 7 February that the construction company is currently drilling the foundati...
Read MoreConstruction of Dara Sakor Int’l Airport 80% Complete
The construction of Dara Sakor International Airport is approximately 80% complete with final completion scheduled for June 2023, according to the company's report. Director of Dara Sakor International Airport Mao Keo Pich Chanmony told Construction & Property Magazine on 4 February, that the opening date is still uncertain. He said that the remaining work includes the airport termina...
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