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ខ្មែរ Uncategorized
PM Hun Sen Urges China to Invest More in Cambodia, Emphasising Five Key Reasons
- 26 April 2022
Prime Minister Hun Sen has urged Chinese firms to invest more in Cambodia especially in the prioritised sectors, emphasising five main reasons why Cambodia is a strong potential investment destination. This statement was made during a meeting between PM Hun Sen and three major Chinese companies led by Prince Group President Neak Oknha Chen Zhi on 25 April. The objective of this meeting was t...
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TS11 Multi-Purpose Port Over 80% Complete, Open for Operation by Early July
- 25 April 2022
The construction of the TS11 multi-purpose satellite port of Phnom Penh Autonomous Port is currently 85% completed and is scheduled to be operational in early July 2022. The progress was updated by HE Sun Chanthol, Minister of Public Works and Transport, during a construction site inspection on 25 April. HE Sun Chanthol said that the TS11 port is being built to support the development and su...
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New Waterway Connecting Tonle Bassac to Kep to be Studied by China
- 25 April 2022
The Ministry of Public Works and Transport (MPWT) and a Chinese firm CRBC will work together on the feasibility study of building a new waterway system connecting the Bassac River in Kandal province to Kep province. MPWT Minister HE Sun Chanthol said on Monday 25 April that the preliminary study conducted by the ministry has been completed. The study has shown that it is feasible to develop ...
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Gov’t Plans to Build Seven River-Based Ports
- 25 April 2022
The Ministry of Public Works and Transport (MPWT) plans to build seven river-based ports along the Mekong River and the Tonle Sap River to facilitate the transportation of products from the provinces to the port of Phnom Penh for export. MPWT Minister HE Sun Chanthol mentioned the project during the site inspection of the TS11 Multi-Purpose Port Development Project of Phnom Penh Autonomous Port...
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NR2 & 22 Construction Poor Quality; MPTW Orders Urgent Fix & Sets Deadline for August
- 25 April 2022
The Ministry of Public Works and Transport (MPWT) has found that some parts of the construction of NR2 and NR22 are poor in quality and lack technical standards while instructing the restricting construction companies to fix them immediately and finish the whole project by August 2022. According to the site inspection of MPWT Minister HE Sun Chanthol, as of April 25, the construction has achiev...
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Cambodia Needs US$17 Billion for General Industrial Development Until 2024
- 22 April 2022
The Cambodian government needs some US$17.5 billion to invest in the “general industrial sector” for 2022-2024, according to a report on the Three Year Rolling Public Investment Program 2022-2024 from the Ministry of Planning. Broken down by years, the general industrial sector will demand US$5.3 billion in capital investment in 2022, US$5.9 billion in 2023, and US$6.2 billion in 2024. The r...
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FTB Breaks Ground on New US$112 million Headquarters “FTB Tower”
- 22 April 2022
Foreign Trade Bank of Cambodia (FTB) in collaboration with MSNH Investment Co., Ltd (MSNH) has announced the start of construction on its new headquarters named “FTB Tower”. The groundbreaking ceremony was held on 22 April and presided over by HE Chea Sophara, Deputy Prime Minister and Minister of Land Management, Urban Planning and Construction. With a total gross floor area of 77,593 squar...
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Feasibility Study on Upgrading Railways to High-Speed Finished in Three Months
- 22 April 2022
The feasibility study for upgrading two existing railways— Phnom Penh-Poipet and Phnom Penh-Sihanoukville— to high-speed lines is set to be completed in the next three months, according to the Ministry of Public Works and Transport (MPWT). MPWT Minister HE Sun Chanthol updated the study progress of this project during an online meeting with his Thai counterpart HE SaksayamChidchob, on Thursday ...
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New US$8.6 Million Investment Project Approved for Pou Senchey District
- 22 April 2022
The Council for the Development of Cambodia (CDC) has given a permit to QMDJ (CAMBODIA) CO., LTD to invest US$8.6 million in building a garment factory in Phnom Penh’s Pou Senchey district. According to a CDC announcement on 21 April, the new investment will help create approximately 500 jobs for locals. In the first two months of 2022, from January to February, the CDC approved a total of 3...
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PM: Infrastructure One Among Six Boosters Behind Cambodia’s Economic Recovery
- 21 April 2022
Cambodian Prime Minister Samdech Hun Sen said that the well-connected infrastructure across the country is one of the other six main drivers of economic recovery and the success of the Khmer New Year celebration. During the new Phnom Penh flood prevention system inauguration ceremony on 20 April, PM Hun Sen said the six factors behind the happy travel during the new year are peace, infrastructu...
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