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Cambodia Requests France to Study Feasibility of Rail Transport System in Phnom Penh
The Ministry of Public Works and Transport has requested the French Development Agency (AFD) to review the feasibility study of a tramway system in Phnom Penh to help reduce traffic congestion. The proposal was made during a working meeting on 3 May 2022 between HE Sun Chanthol, Senior Minister and Minister of Public Works and Transport, with HE Jacques Pellet, Ambassador of France to Cambodia,...
Read MoreForeign Direct Investment in Real Estate to Reach Nearly US$5 billion in 2021
Foreign direct investment in the real estate sector totaled US$4.9 billion in 2021, while the construction sector received an FDI investment of US$ 1.6 billion. Investment from China ranked top with a total investment value of US$18 billion, of which investment in real estate accounted for 10.7% and construction accounted for 5.2%, according to a report from the National Bank of Cambodia. Fo...
Read MoreMME & JICA to Form Roadmap for Clean Energy Transition Towards Being Carbon Neutral
The Ministry of Mines and Energy (MME) and the Japan International Cooperation Agency (JICA) have signed a minute on the implementation of a clean energy transition roadmap for Cambodia to become carbon neutral. The road map on the clean energy transition forward carbon neutrality refers to the use of clean energy, such as solar, wind, etc., and minimizes energy consumption from carbon, such as...
Read MoreWorldBridge Group & YCH Group Enter Partnership for Development of Phnom Penh Logistics Centre
Local firm -WorldBridge Group and Singapore-based YCH Group have entered a partnership on the development of the Phnom Penh Logistics Centre. The two companies signed a memorandum of understanding on 03 May at the Ministry of Public Works and Transport in the presence of HE Sun Chanthol, Senior Minister, Minister of Public Works and Transport. The collaboration between Worldbridge Group and ...
Read MoreGov’t Approves Three Investment Projects Worth Over US$18m in PP & Kampong Speu
The Council for the Development of Cambodia (CDC) has given permits to 3 private firms to invest in 3 projects worth US$18.8 million in Phnom Penh and Kampong Speu. The first company is ORIENT HONGYE (CAMBODIA) KNITTING CO., LTD., investing US$3 million in building a garment factory in Phnom Penh. The second company is KYLIN (CAMBODIA) SPORTS CO., LTD., investing US$5.3 million to establish ...
Read MoreConstruction of First Phase of Bak Kheng Water Treatment Plant 60% Complete
The construction of the Bak Kheng Water Treatment Plant, Phase 1, is now 60% complete and is scheduled to be completed as planned, according to an announcement by the Phnom Penh Water Supply Authority on 2 May. The Phnom Penh Water Supply Authority said that by the first quarter of 2022, the first phase of the project with a production capacity of nearly 200,000 cubic meters per day is 60% comp...
Read MoreKampong Speu Stadium Construction 90% Complete, Scheduled for Inauguration in September
The international standard stadium, initiated by HE Hun Many, member of parliament for Kampong Speu province and President of the Union of Youth Federations of Cambodia, is now 90% complete. The stadium is scheduled to be inaugurated officially in September this year, according to HE Vei Samnang, Governor of Kampong Speu province, stating that the remaining construction work is related to decor...
Read MoreKep Plans to Build Two Ports Under ADB Project
The Kep Provincial Administration plans to build two standard ports for fisheries and tourism under the Asian Development Bank's Sustainable Coastal and Marine Fisheries Project. A meeting on the project was held on 27 April, chaired by Mr. Vao Sokha, Deputy Governor of Kep Province, and ADB representative Mr. Lindsey Saunders, Team Leader of the Sustainable Coastal and Marine Fisheries Project...
Read MoreMinistry Urges Shipping Agencies to Apply for License by July
The Ministry of Public Works and Transport has announced that all shipping agency companies have to apply for ship agent licenses by no later than 29 July 2022, before the port Electronic Data Interchange (Port EDI) system is officially launched. The ministry said in a statement dated 28 September 2021 on the procedure for licensing shipping agencies that after the announcement on the licensing...
Read MoreMalaysia Invests US$3 billion in Cambodia
Cambodia received US$3.2 billion in direct investment from Malaysia as of February 2022, according to a press release from the Ministry of Foreign Affairs and International Cooperation. Malaysians have invested in the financial, manufacturing, real estate, hotels and restaurants, agriculture, and construction sectors in Cambodia, worth a total of US$ 3.2 billion. The figure was revealed duri...
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