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ខ្មែរ Uncategorized
France Pledges €600 million in Financing to Cambodia for Next Six Years
- 2 June 2021
The French government has pledged to increase the amount of official financing for Cambodia to approximately €120 million per year for the six years from 2021 to 2026, focusing on infrastructure and other developments. The pledge was made during an online meeting between Minister Delegate to the Prime Minister and Permanent Secretary of the Ministry of Economy and Finance HE Vongsey Visoth and ...
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PM Hun Sen Requests US to Convert 70% of debt to Aid, the Rest to Slowly Repay at Low Interest Rate
- 2 June 2021
In a meeting with US Deputy Secretary of State Wendy R. Sherman yesterday, Cambodian Prime Minister Hun Sen requested the United States to reconsider debt repayment methods for Cambodia. The request includes allowing Cambodia to repay debt slowly and gradually with interest not exceeding 1%. Besides, PM Hun Sen also requested the United States to consider converting 70% of the debt repayment...
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Repair & Pavement Work on Hun Sen Blvd. Set for Completion in June
- 1 June 2021
Repair and pavement work on a section of Hun Sen Blvd. (60m road) from Street 271 to NR2 that was damaged by flooding is set for final completion in June. Speaking to Fresh News, Phnom Penh Governor HE Khuong Sreng said that despite COVID-19, Phnom Penh municipality has been actively repairing the flood-damaged roads since last year. He added this section of the Hun Sen Blvd from Street 271 ...
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Construction of PP-SHV Expressway 60% Complete
- 1 June 2021
Construction of the US$-2 billion expressway connecting Phnom Penh to Sihanoukville has been 60% completed as of late May, according to the Facebook of the Phnom Penh-Sihanoukville Expressway on 1 June. So far, the pavement work is already underway while the first flyover of the project has also started taking shape. The team has already finished installing girder blocks for this flyover, ma...
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UK Clothing and Footwear Retailer Targets Cambodia After Cancelling Orders from Myanmar
- 1 June 2021
British multinational clothing, footwear and home products retailer Next plc has said it would swiftly cancel purchase orders from Myanmar and split them to other countries including Cambodia, as it joined other EU’s retailers suspending orders from Myanmar due to the military coup. Reuters reported recently that the Next has not placed any orders from Myanmar. A senior officer at Next was quot...
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New US$79-million Hotel & Commercial Centre Set for Pou Senchey District
- 1 June 2021
The Council for the Development of Cambodia (CDC) has officially approved Continent Crown Investment Management Co., Ltd to invest US$79 million to build a 275-key 4-star hotel and commercial centre in Sangkat Kakab, Pou Senchey district in Phnom Penh. On the same day, CDC also approved Cambodian Gome Farm Food Co., Ltd to invest US$6.5 million in building a mango processing factory in Voa Sar ...
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MPWT to modernize transportation and public works system in line with government’s digital policy
- 31 May 2021
The Ministry of Public Works and Transport (MPWT) has been gradually reforming and modernizing the transportation and public work system nationwide, aiming to achieve the government’s digital policy by 2030. This is according to the input gathering meeting for the draft digital policy 2021-2030 between the Ministry and other relevant officers on 28 May. MPWT’s spokesman Vasim Sorya said that...
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Three New Factories Worth Nearly US$10 million Approved for Phnom Penh, Kandal, Kampong Speu
- 31 May 2021
Sen Sok, Angk Snuol and Samraong Tong districts have attracted three new factory investment projects respectively approved by the Council for the Development of Cambodia (CDC) worth a total of US$9.6 million. The first investment is a garment factory located in Sen Sok in Phnom Penh worth US$4.5 million and an invested by Ruixue (Cambodia) Co., Ltd. Meanwhile, the second project is a US$2.6-...
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Transport Ministry to Adapt AI technology into Traffic Control System on NR5 after Upgrade
- 31 May 2021
The Ministry of Public Works and Transport (MPWT) is planning to utilise AI technology to manage a traffic system, especially to monitor overweight trucks along NR5 after the upgrade, according to the official meeting between MPWT and the private firm responsible for the NR5 renovation project on 28 May. The new technology is known as the AI Camera and Weigh-in Motion Sensor Centralised Databas...
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Construction of NR3 Almost 100% Complete
- 31 May 2021
The National Road 3 (NR3) renovation project from Chom Chao roundabout to Kampot city has been 98.04% completed, with only a small amount of work remaining, according to the Ministry of Public Works and Transport (MPWT) recently. The construction team is currently speeding up work installing speed cameras, security cameras, and underground automatic weighing stations, among others. Meanwhile...
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