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ខ្មែរ Uncategorized
ADB Funds Major Rehabilitation of NR 23 in Kandal Province with USD 21.68 Million
- 20 June 2023
The Asian Development Bank (ADB) has granted a substantial concessional loan of USD 21.68 million to support the comprehensive rehabilitation and enhancement of NR 23 (NR 23) in Kandal province. The project aims to revitalize a crucial transportation artery by focusing on the repair and maintenance of a 19.83 km stretch, spanning from Leuk Dek commune in Koh Thom district to Peam Reang commune in ...
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PM: Cambodia’s Oil Resources Await Study and Investment
- 20 June 2023
Prime Minister Hun Sen has urged for comprehensive studies to be conducted on Cambodia's untapped petroleum reserves beneath the Khmer seabed and the Tonle Sap, signaling the country's readiness for investment in the oil sector. Speaking at the inauguration of the Bakheng Water Treatment Plant Phase I on June 19, Prime Minister Samdech Techo Hun Sen emphasized the need to thoroughly assess the ...
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China Unveils US$156 Million Urban Computing Centre, Pioneering a Digital Revolution
- 18 June 2023
China's groundbreaking stride in urban development sees the debut of the state-of-the-art US$156 million Urban Computing Centre in the esteemed Xiong'an New Area of Hebei Province. This cutting-edge facility stands as the nation's digital brain, spearheading an innovative approach to address pressing urban challenges such as pollution, congestion, water scarcity, corruption, and declining birth...
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Revolutionary Proposal: Norway Ventures into World’s First Underwater Floating Tunnel
- 18 June 2023
In an ambitious move that could reshape transportation infrastructure, the Norwegian Public Roads Administration (NPRA) has unveiled plans for the world's inaugural underwater floating tunnel, with an estimated budget exceeding US$40 billion. The proposed tunnel aims to drastically reduce travel time between the southern city of Kristiansand and Trondheim in the North, effectively cutting the c...
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Cambodia Set to Welcome Five New Factories Worth US$31 Million in Five Provinces
- 16 June 2023
In a boost to Cambodia's industrial landscape, the Council for the Development of Cambodia (CDC) has granted investment project registration certificates to five companies, signaling the establishment of state-of-the-art factories across the nation. These groundbreaking ventures, with a cumulative investment of US$31 million, are poised to invigorate economic growth and create numerous employme...
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Pioneering the Future: Gov’t Establishes Inter-Ministerial Working Group to Drive Prek Chek Funan Techo Project
- 12 June 2023
The Cambodian government has taken a significant stride towards the nation's progressive development by establishing an inter-ministerial working group dedicated to implementing the visionary "Prek Chek Funan Techo" navigation road project. This momentous decision was formalized through decision No. 42, dated June 7, 2023. Comprising a total of 35 esteemed members, the inter-ministerial commiss...
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Naga 3 worth nearly US$4b Rescheduled for Completion in 2029
- 9 June 2023
Naga 3 construction project in Phnom Penh, with an estimated value of nearly US$4 billion, has been rescheduled for completion in 2029, according toa recent announcement by Naga Corp Ltd. on June 4, 2023. This decision has been necessitated by a confluence of external geopolitical and macroeconomic factors, as well as the prevailing global inflationary pressures. Despite the revised timeline, N...
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China’s Belt and Road Initiative Catalyzes Investment Influx and Propels Cambodia’s Economic Growth
- 8 June 2023
Cambodia's Prime Minister, Samdech Hun Sen, has hailed China's transformative Belt and Road Initiative (BRI) for its pivotal role in attracting substantial investment to Cambodia, bolstering economic development, and creating employment opportunities for the nation's citizens. During the groundbreaking ceremony for the Phnom Penh-Bavet Expressway, a momentous $1.3 billion infrastructure project...
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Ring Road 3 officially inaugurated: Enhancing Connectivity and Unveiling New Development Horizons
- 7 June 2023
PM Hun Sen has announced the official inauguration of the highly anticipated third ring road, marking a significant milestone in Cambodia's infrastructure development. Set to take place on June 30, the inauguration date was confirmed during the momentous groundbreaking ceremony for the Phnom Penh-Bavet Expressway and the Expressway Bridge on June 7, 2023. (Read more) With a total length of 52.9...
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PM Hun Sen Inaugurates State-of-the-Art Royal Academy of Justice in a Monumental $5 Million Ceremony
- 6 June 2023
Under the presidency of Prime Minister Hun Sen, two magnificent buildings of the Royal Academy of Justice have been officially unveiled, standing proudly on a sprawling 2-hectare expanse with an astounding value of over $4 million. The grand inauguration took place on June 6, 2023, marking a significant milestone in Cambodia's judicial landscape. The first of the two edifices is the "Multipurpo...
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