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ខ្មែរ Projects Development
Germany Provides Over US$670 million in Financing to Cambodia as of 2021
- 29 September 2022
As of 2021, Germany has provided a total of US$670 million in financing to Cambodia, equivalent to 2.6% of the total funding provided by development partners to Cambodia. The figure was shown during a meeting between Secretary-General of the Cambodian Rehabilitation and Development Board HE Chhieng Yanara and German Ambassador to Cambodia HE Stefan Anton Messerer on 28 September. The German ...
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Four Investment Projects Worth US$23.9m Approved for Sihanoukville & Svay Rieng Provinces
- 29 September 2022
The Council for the Development of Cambodia (CDC) has given permits to four private companies to invest a total of US$23.9 million to establish four factories in Sihanoukville and Svay Rieng province. The first firm is HOME STYLE LIVING CO., LTD, which will invest US$6.6 million to establish a furniture and mattress factory in Sin Bavet Special Economic Zone, Svay Rieng province. The second ...
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Gov’t Establishes Inter-Ministerial Committee for PP-Bavet Expressway Development Project
- 29 September 2022
The Cambodian government has set up an inter-ministerial committee to accelerate the Phnom Penh-Bavet expressway project. According to the statement dated 16 September, the expressway connecting Phnom Penh to Bavet has been proposed for investment by China Road and Bridge Corporation under a basic framework of build-operate transfer. HE Sun Chanthol, Senior Minister, Minister of Public Works...
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Japan Urges Cambodia to Further Ease Japanese Investment in Cambodia
- 28 September 2022
Japanese Prime Minister Kishida Fumio has asked his Cambodia’s counterpart Samdech Hun Sen to continue supporting and easing Japanese investment in Cambodia, as to date, Japanese private investment value in the kingdom has reached nearly US$3 billion. HE Kishida Fumio said during a meeting with Samdech Hun Sen on 28 September in Tokyo that besides this current large-scale investment value, anot...
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Construction of Vietnam’s Largest Airport Set for Completion in 2025
- 28 September 2022
The construction work on the runway for Vietnam’s largest airport Long Thanh is set to begin in December, almost two years after the project’s ground-breaking ceremony, reported GCR. Nguyen Van Hung, an official at the Airports Corporation of Vietnam (ACV), said tenders had been launched to find a contractor to build the airport’s runways, taxiways, and apron. The bidding is expected to be c...
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Gov’t Approves 75 New Non-SEZ Investment Projects Worth US$2.4 billion in H1 2022
- 22 September 2022
From January to June 2022, the Cambodian government approved 75 private investment projects outside of special economic zones (SEZ) with a total investment of US$2.4 billion, an increase of 159.3% compared to the same period in 2021. These newly approved 75 projects created about 62,000 new jobs, an increase of 65.9%, according to a report issued by the Ministry of Economy and Finance. Servi...
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PM Orders MPWT to Prioritise Subway Train in PP & High-Speed Railways
- 22 September 2022
Prime Minister Samdech Hun Sen has ordered the Ministry of Public Works and Transport (MPWT) to speed up the progress of feasibility study and fund seeking for the subway train project in Phnom Penh capital as well as the project to upgrade two existing railways to high-speed lines. According to MPWT Minister HE Sun Chanthol on 21 September, MPWT was ordered to put these two projects on the pri...
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Feasibility Study of New Waterway Connecting PP to Kep to be Finalised in November
- 22 September 2022
The detailed feasibility study of a project to build a new water transport system along the Bassac River connecting Phnom Penh Port to Kep, Kampot, and Sihanoukville Ports is scheduled for completion in November. According to the speech of the Minister of Public Works and Transport HE Sun Chanthol on 21 September, after the study is completed, the ministry will submit it for approval from PM Sa...
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Phnom Penh-Bavet Expressway Scheduled to Break Ground in Mid-2023
- 21 September 2022
The Ministry of Public Works and Transport (MPWT) will accelerate work to break ground on the construction of the country’s second expressway connecting Phnom Penh to Bavet by mid-2023. HE Sun Chanthol, Senior Minister of the Ministry of Public Works and Transport, provided the upgrade on the project on 21 September. “We have already signed a Memorandum of Understanding with CRBC,” he said. ...
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France has Provided US$900m Financing for Infrastructure Development Projects in Cambodia
- 21 September 2022
The French Agency for Development (AFD) has provided a total of €888 million (approximately US$882 million) in loans and grant aid to Cambodia for infrastructure development over the last 30 years. The figures were raised in a meeting between HE Aun Porn Moniroth, Deputy Prime Minister and Minister of Economy and Finance, and Jean-Pierre Marcelli, Regional Director of the French Agency for Deve...
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