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ខ្មែរ Uncategorized
OCIC, CAIC Sell US$20-million Bond to FTB Bank to Fund Phnom Penh Airport Development
- 25 November 2021
Cambodia Airport Investment Co., Ltd (CAIC) has issued and sold US$20 million in guaranteed bonds to FTB bank to collect more funds for the construction of the new Phnom Penh International Airport in Kandal province. The agreement of the US$20 million guaranteed bonds was signed by Charles Van, CEO of OCIC and CAIC, and Dith Sochal, General Manager of FTB. With an interest rate of 5.5% per a...
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New Prakas: Construction Projects Must Request Architectural & Structural Design Approval
- 25 November 2021
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has issued a new Prakas requiring construction projects to request architectural and structural design approval from the ministry prior to becoming eligible to apply for a construction permit. According to the Prakas dated 22 November 2021, design verification/approval is a must for all types of constructions that are req...
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PM Sets Goal to Transform Cambodia into Regional Production, Business& Investment Hub
- 24 November 2021
Cambodia Prime Minister Samdech Hun Sen has vowed to continue implementing more favourable policies to attract foreign investment and to transform Cambodia into a high-potential regional hub for production, business, and investment in the near future. PM Hun Sen made the remarks during the opening speech of the 1st Asia-Europe Economic and Business Forum on 24 November. He said that Cambodia...
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US$50 million Chinese-funded Tbong Khmum Hospital 97% Complete
- 24 November 2021
The construction of the US$50 million Cambodia-China Friendship Hospital in Tbong Khmum is now over 97% complete and set for final completion by the end of November, according to a site inspection by Minister of Health HE Mam Bunheng on Tuesday 23 November. Upon completion, this hospital will become a modern standardised facility and the largest hospital to serve the region including Tbong Khmu...
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World Bank, Rural Development Ministry Join Hands Building 250km of Roads in Six Provinces
- 24 November 2021
The Ministry of Rural Development and the Ministry of Economy and Finance have cooperated with the World Bank in building over 250 km of DBST and concrete roads along with other related infrastructure structures in six major provinces. According to a meeting between the Cambodian government and the World Bank representative on Tuesday 23 November, the project period is between 2021 and 2023. Me...
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Work Begins on New Public Beach Resort Development in Kep
- 24 November 2021
The National Committee for Coastal Management and Development (NCCMD) has begun work on a project to transform a 2.7-kilometre-long in Phum Thmey village of Kep province into a public beach resort. According to the Kep Provincial Administration announcement, the team will start filling the land and doing the reclamation work, with 200 trucks to be used to transport all kinds of construction mat...
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Construction of New Phnom Penh Police Headquarters Completed Next Year
- 24 November 2021
Phnom Penh Police Chief Lt. Gen. Sar Thet yesterday unveiled full-scale architectural and design plans of the new under-construction Phnom Penh police headquarters building, stating the construction is expected to be completed by early next year. Lt. Gen. Sar Thet stated that the construction of the new building is in response to the increase of work capacity while hoping the new office will al...
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Gov’t to Build US$80-million International Hospital in Kob Srov Area
- 24 November 2021
The government has decided to build Cambodia’s first international-standard university of health sciences hospital in the Kob Srov area to provide full on-field experience to students as well as health services for the public. Minister of Health HE Mam Bunheng and representative of Inje Joint Venture Mr Kim Hoon, the firm who won the construction bid, discussed the implementation of this projec...
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PM Predicts 2022 Economic Growth at Over 5%; Stating No More COVID Shutdowns
- 23 November 2021
Prime Minister Samdech Hun Sen has forecasted Cambodia’s 2022 economic growth at over 5% as economic activities begin to recover after the reopening on 1 November, stating there will be no more backward moving after this. PM Hun Sen made the remarks during the inauguration ceremony of the Cambodia-China Friendship Stueng Trang-Krouch Chmar Bridge and the groundbreaking ceremony NR71C on 23 Nove...
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Gov’t to Spend US$2.3bn on Infrastructure Development; 100 bridges to be Built
- 23 November 2021
Cambodia Prime Minister Samdech Hun Sen has announced that Cambodia plans to spend over US$2.3 billion of the national budget to develop infrastructure nationwide and at least US$100 million will be used to build hundreds of bridges across small rivers and water streams. PM Hun Sen made the remarks during the inauguration ceremony of the Cambodia-China Friendship Stueng Trang-Krouch Chmar Bridg...
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