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Naga Secures Former White Building Land for Its New Us$4 Billion Project
Hong Kong-based NagaCorp Ltd has announced plans for a Naga 3 Project after securing more than 16,000 square metres of land on the former location of the White Building, according to a shareholder announcement by the company on 03 April 2019. According to the 29-page report, NagaCorp Ltd said that “the Group would expect to incur approximately US$3.8 billion to US$4.0 billion in capital expendi...
Read MoreChroy Changva Bridge Reopens After $33m of Japanese-funded Renovations
Photo by Facebook Page Samdech Hun Sen After two years of renovation, the Cambodia-Japan Friendship Bridge in Chroy Changva has been officially opened by Prime Minister Samdech Hun Sen and Japanese Ambassador to Cambodia H.E Hidehisa Horinouchi who jointly presided over the ribbon-cutting ceremony. The Cambodia-Japan Friendship Bridge has been renovated using around US$33 million in funds fr...
Read MoreGovernment Plans New Road Connecting Kampot to National Road No.4
The government is planning to build a new road connecting Kampot to National Road 4, said Prime Minister Samdech Techo Hun Sen. Speaking about the potential and progress of Kampot province at the inauguration ceremony of Kampot's new water supply system on 2 April 2019 Samdech Techo Hun Sen said “besides National Road No.3, we have National Road No. 41 connected into [Kampot], and we are prepar...
Read MoreNewly Inaugurated Water Supply System Uses New Construction Technology From Japan
Photo by Facebook Page Samdach Hun Sen The new high-tech water supply system built by Japan in Kampot province has been officially opened. The new facility was officially opened and presided over by Prime Minister Samdech Techo Hun Sen on 2 April 2019 following two years of construction that began in July 2016. Speaking at the inauguration, Japanese Ambassador to Cambodia H.E Hidehisa Hor...
Read MoreGovernment Permits Royal Group to Operate Southern Rail Line
The government, through the Ministry of Public Works and Transport (MPWT) has permitted Royal Railway to continue operating the country’s southern rail line, according to a ministry announcement on 31 March 2019. According to the announcement, the decision to allow Royal Railway to continue operating the line from Phnom Penh to Sihanoukville is because “the Ministry needs enough time to careful...
Read MoreOCIC Begins Construction of Modern International Convention Centre
Cambodia’s leading developer, Overseas Cambodian Investment Corporation (OCIC), began construction of its ‘Chroy Changva International Convention Centre’ on 31 March 2019. According to the project report obtained by Construction & Property Magazine, the ‘Chroy Changva International Convention Centre’ will be constructed on a total land area of 26,774.38 square metres or equal to a total are...
Read MoreCambodia Requests Korea to Build Another Bridge in Phnom Penh
Sample photo by McElhanney The government has requested South Korea to help construct a new bridge in Phnom Penh, according to the transport minister. Speaking to reporters on 31 March 2019, H.E Sun Chanthol, Senior Minister and Minister of the Ministry of Public Works and Transport (MPWT) said that “he [Prime Minister] has also requested Korea to help construct a bridge in Phnom Penh becaus...
Read MoreConstruction Sector Grows 23% Annually
Photo by Facebook Page Ministry of Economy and Finance The construction sector has grown at rate of 23% each year, according to H.E. Aun Porn Moniroth, Deputy Prime Minister and Minister of Ministry of Economy and Finance (MEF). Speaking at the 18th ‘Government-Private Sector Forum’ held at the Peace Palace on 29 March 2019, H.E. Aun Porn Moniroth reported on the progress of the Cambodian ec...
Read MoreGovernment Terminates Royal Group’s National Railway Contract
Sample photo by Kidskunst.info The Royal Government of Cambodia has decided to end the contract of Cambodia Royal Railway for the operation of Cambodia’s railway, according to an announcement by Samdech Techo Hun Sen, Prime Minister at the 18th ‘Government-Private Sector Forum’ held at the Peace Palace on 29 March 2019. “The Royal Government has decided to terminate the business of Royal Rai...
Read MoreGovernment Establishes Two Working Groups for Construction and Real Estate
Credit to acechamp.com The government has set up two working groups from the public and private sectors to find solutions for construction and real estate problems that might hinder businesses in these sectors. According to the two decisions dated on 25 March 2019 recently obtained by Construction & Property Magazine, the government has appointed two construction and real estate working ...
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