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Cambodia inks deal with Laos on the 2900-megawatt power purchase
- 12 September 2019
The Cambodian government has inked a deal with the Laos government to purchase a total of 2,900 megawatts of power to fulfil the current shortage of electricity as well as to reduce the cost of electricity in the future. Signed by Cambodian Prime Minister Hun Sen and Laos Prime Minister Thongloun Sisoulith, the agreement includes 1) importing 500-megawatts of hydropower, 2) purchasing 600-megaw...
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Cambodia, Thailand agree to resume OCA talks
- 12 September 2019
After nearly two decades of hiatus, Cambodia and Thailand have agreed to resume talks on development of their overlapping claims area (OCA) on offshore oil fields, on the principle that it should be developed based on mutual interests. The agreement to resume talks was made in a meeting between the Cambodian Ministry of Mines and Energy and the Thai Energy Ministry held in Bangkok, last week. ...
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Cambodia economy gets boosted with US$2.7 billion airport investment
- 11 September 2019
Along with steady economic growth, Cambodia needs billions of dollars in investment to improve its aviation sector to help facilitate trade as well as accommodate the 15 million air passengers expected to enter the country by 2030. While improving the aviation sector is part of the government’s plan to push the country to become an upper-middle-income economy by 2030, Cambodia over the past few...
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New national fire safety systems code launched in Cambodia
- 11 September 2019
The General Commissariat of the National Police and the National Quality Inspection Centre for Fire Safety Systems has recently launched a new national fire safety systems code to protect occupants and properties by imposing technical standards. The new code entered into force on 12 August and introduced to the public at the 09 September seminar organised by the Association of Fire Prevention E...
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Cambodia, Laos to sign 2,400 MW power deal
- 10 September 2019
Cambodia and Laos are to sign a power deal allowing Cambodia to import 2,400 MW from Laos, with the Council of Ministers scheduled to discuss the details of the deal on 11 September. The deal is scheduled to be signed next week during the official visit of Lao Prime Minister Thongloun Sisolith to Cambodia. Victor Jona, director-general of Energy at Ministry of Mines and Energy, said on 9 Sep...
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Thai company wins 60 MW solar investment bid
- 9 September 2019
Thailand-based developer and operator of renewable power Prime Road Alternative has won the public bidding on a 60-MW solar project located in Kampong Chhnang province, and will generate the lowest tariff in the Southeast Asia region. The public bidding on the project was started in February this year after a feasibility study conducted by an expert team from the Asian Development Bank was comp...
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Walking Street along the riverfront set to open for vendors
- 7 September 2019
The Walking Street project running from the Cambodia Post Office to the Royal Palace will allow vendors to sell all kinds of products to attract national and international tourists, said Phnom Penh Municipality. Met Meas Pheakdey, spokesman for Phnom Penh Municipality, told Construction & Property Magazine on 07 September that the project will be open for businesses selling all kinds of pro...
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Will Cambodia fall into the Chinese infrastructure debt trap?
- 6 September 2019
In the past decade, the Cambodian government has been allocating most of its budget to develop infrastructure. By the end of 2018, a total of more than 16,000 kilometres of national and provincial roads had been restored and rebuilt. On 30 August 2019, the cabinet also approved the US$14.4 billion budget plan for a public investment program for 2020 to 2022, of which the infrastructure sector will...
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Government boosting establishment of more SEZs along border areas
- 6 September 2019
The Council for the Development of Cambodia (CDC) is studying and seeking greater understanding on investment and trade to compile a mechanism to boost the establishment of more special economic zones (SEZ) along border areas, while drafts of a new law on investment and a new law on special economic zones has been completed. CDC Secretariat General H.E. Sok Chandasophea said that boosting indus...
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US$100 million budget approved for infrastructure in Sihanoukville
- 6 September 2019
On 04 September 2019, the Cambodian government approved a US$100 million budget for the construction and rehabilitation of infrastructures in Sihanoukville. The budget was approved after some significant physical infrastructures such as roads and natural waterways were damaged amid rising construction, increasing residents, garbage, and heavy rainfalls. In a 2-page press release, the Ministr...
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