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ខ្មែរ Uncategorized
10 Speed Cameras Along NR3 Begin Operation
- 16 December 2021
Ten speed cameras along NR3 have been put into use to monitor and protect the safety of people driving on the road, according to a senior official of the Ministry of Public Works and Transport (MPWT). During the site inspection on 15 December, Secretary of State of MPWT HE Kan Manae said this is the test operation before the actual inauguration to be held in March 2022 on NR3. "Given the lat...
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World Bank Highlights Three Drivers for Better Rural Livelihoods in Cambodia
- 16 December 2021
The World Bank recently stated that land rights, basic infrastructure and livelihood skills are the three major drivers for rural development in Cambodia. The World Bank has thus far cooperated with the Ministry of Land Management, Urban Planning and Construction, pushing the three drivers through the well-known Land Allocation for Social and Economic Development Project (LASED). LASED is a ...
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Private Firm to Build New Eco-Tourism Port in SHV’s Prey Nob District
- 15 December 2021
The Sihanoukville provincial administration has given the green light to a private firm to develop a new eco-tourism port in the Prey Nup district, aimed at expanding the province's tourism potential. According to the site inspection by Sihanoukville Governor HE Kouch Chamroeun on Tuesday 14 December, the port will be a small-scale structure so that the beauty and ecology of the area will be pr...
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ABA Bank Invests US$30m in New Phnom Penh Airport Development Through Guaranteed Bonds
- 15 December 2021
Cambodia Airport Investment Co Ltd has sold another US$30 million guaranteed bond to ABA Bank to raise more funds for the development of the new Phnom Penh airport. The signing ceremony was held on December 14 between Overseas Cambodian Investment Corporation Ltd (OCIC), Cambodia Airport Investment Co., Ltd (CAIC) and ABA Bank. The bond is guaranteed by OCIC with an interest rate of 5.5% per...
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Ground Broken on US$22-million Japanese-Funded Clean Water System in Pursat
- 13 December 2021
The Government of Japan has provided US$21.9 million in grant aid to build a new water supply system in Pursat province to increase access to clean water for the local people. The ground-breaking ceremony of this water supply system took place on 13 December, in the presence of Japan Ambassador to Cambodia HE Mikami Masahiro and Minister of Industry, Science, Technology and Innovation HE Cham P...
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Phnom Penh Autonomous Port Earns US$30 million in 11 Months
- 13 December 2021
During an 11-month period of 2021, the revenue of Phnom Penh Autonomous Port (PPAP) was at US$30 million, a 14% increase compared to the same period in 2020. According to the PPAP’s report published on 9 December, of total revenue, port operation revenue was at US$24.37 million (up 16% y-o-y), port authority revenue at US$3.23 million in (down 3% y-o-y), revenue from other services at US$300,00...
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Construction of New Road Connecting Steung Treng to Kratie Completed
- 13 December 2021
Construction of a new rural road connecting Steung Treng and Kratie provinces, which was built with the donation from Prime Minister Samdech Hun Sen, has been completed. The road is 15km long and 6m wide, connecting O’Mreah commune to Siem Bok commune in Siem Bok district which is on the border of Kratie province. Steung Treng Governor HE Svay Sam Eang said that the road will play a major ro...
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Construction of PP-SHV Expressway Over 70% Complete
- 12 December 2021
The construction of the 190-kilometre Phnom Penh-Sihanoukville Expressway was 70.93% complete as of November. The updates were shared in an inspection visit led by HE Yit Bonna, Secretary of State of the Ministry of Public Works and Transport (MPWT) on Friday 10 December. Having started construction on March 2019, the road is being built by PPSHV Expressway Co., Ltd., a subsidiary of China R...
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Construction & Real Estate May Not Return to Pre-COVID Level Anytime Soon, says WB
- 10 December 2021
The construction and real estate sector in Cambodia remain under pressure stemming from the COVID pandemic and may not recover to the pre-pandemic level anytime soon, despite the 2022 GDP growth forecast of 4.5%, according to a World Bank report issued on 9 December. The report said that major commercial and residential development projects continued to be impacted by the pandemic. Besides, exc...
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WB: High Credit Growth in Construction & Real Estate Remain Key Risks to Cambodia’s Economy
- 10 December 2021
The high credit growth and concentration of domestic credit in the construction and real estate sector remains a key risk to Cambodia’s financial stability despite the GDP growth rate projection of 4.5% in 2022, according to the latest World Bank report issued on 9 December. The report added that domestic credit in the construction and real estate sector started to pick up in the last quarter o...
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