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WB Provides US$110m Loan to Enhance National Road No.4
The World Bank has officially granted a loan of US$110 million to enhance Cambodia’s road connectivity following the signing of agreements yesterday, according to the official press release. On 12 July 2018, the Royal Government of Cambodia and the World Bank signed agreements on two projects; the Higher Education Institutions Capacity Improvement Project (HEICP) worth US$90 million; and the Se...
Read MoreUsd200 Million China Assistance Saught for Koh Kong-battambang Road
H.E. Xiong Bo, China ambassador to Cambodia talked to PM Hun Sen at the inauguration ceremony Chinese assistance will be saught by the Cambodian government to build the priority project of a new road connecting Koh Kong to Samlot in Battambang, according to Cambodian prime minister Samdech Hun Sen. The premier made the comments during the official inauguration of a 248.53km stretch of Nation...
Read MoreRenovated 250km Stretch of National Road 6 Inaugurated
Prime Minster Hun Sen cut the ribbon to officially inaugurate a stretch of National Road 6 in Kampong Thom A 248.53km stretch of National Road 6, linking Thnal Keng in Kampong Cham province to Ang Krong in Siem Reap province was inaugurated on 11 June by Cambodian Prime Minister Samdech Hun Sen. Built by Shanghai Construction Group Co., Ltd.) and inspected by Guangzhou Wanan Construction Sup...
Read MoreCambodia and Thailand Close to Railway Transportation Agreement
Cambodia and Thailand are near to reaching a bilateral agreement on the "Railway Transportation Agreement" following a recent meeting between the two countries. Last week, Cambodia Minister for Public Works and Transport (MPWT) H.E Sun Chanthol and his counterpart ArkhomTermpittayapaisith met to finalise the draft agreement on the cooperation to transport goods and people by train through the s...
Read MoreCDC Approves Another Stainless Steel Pipe Factory Project in Sihanoukville
The Council for the Development of Cambodia (CDC) has recently given a permit to Robustahl Co., Ltd to invest USD$1 million in a stainless steel pipe plant in Sihanoukville. This new stainless steel tube factory will be located in the Sihanoukville Special Economic Zone, and the establishment of the factory will create at least 552 jobs for locals. Last month, the CDC also approved a request...
Read MoreSun & Moon Launches Second Luxury Hotel in Capital
A luxury four-star hotel, the “SUN & MOON, The Light” has begun construction and is expected to be finished by the end of 2019, bringing a whole new lifestyle for its customer, according to the press release. A well-known hospitality company, SUN & MOON Company Limited has officially announced the construction of its new 126-key hotel covering a total area of 17,000 square metres locate...
Read MoreCambodia Receives Aid From Adb for 22 Rural Roads
The Asian Development Bank (ADB) has signed a deal with the government of Cambodia to provide US$66 million financing to build 22 rural roads in five provinces across the kingdom. The Financing Agreement was signed on 6 July between Cambodia’s Senior Minister and Minister of Economy and Finance H.E.Aun Pornmoniroth and the Acting Country Director of Cambodia Resident Mission of the Asian Develo...
Read MoreSolarhome to Enter Cambodia by the End of 2018
Solar energy system is increasingly popular in Cambodia A Singapore-based solar energy company SolarHome plans to establish a presence in Cambodia by the end of this year, entering the market to introduce the Pay-As-You-Go (PAYG) model for off-grid households in the Kingdom. The renewable energy firm also announced plans to enter markets in Indonesia and the Philippines, while Mynamar has be...
Read MoreScg and Build One Group to Expand Supply Chain Across Asean
Samsung SCG and Build One Group to expand supply chain across ASEAN Thai start up Builk One Group has received funding from AddVentures, an investment arm of Siam Cement Group (SCG), to digitalise and expand its construction supply chain into the ASEAN market. According to ThaidailyThe Nation, Build One Group, hopes to develop a B2B purchasing-buying process for the construction industry ...
Read MoreMLMUPC Diary: March – April 2018
12 March Islands concession in Kep under inspection Ministry of Land Management, Urban Planning and Construction (MLMUPC) Minister H.E. Chea Sophara together with Tourism Minister H.E. Thong Khon led the expert team to inspect and verify the investment concession permit of private companies on several islands in Kep province on 12 March, to ensure the transparency within this sector. 17...
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