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ខ្មែរ Uncategorized
Hot competition for Philippines airport build
- 1 February 2017
Two of the richest men in the Philippines are competing to develop a new international airport in the capital, Manila. On one side is Belle Corp, part of Henry Sy’s SM Group which is proposing a USD50 billion joint venture with China Communications Construction Co (CCCC). The plan aims to reclaim 2,500 hectares and develop an airport and economic zone at a former US naval station south of Manil...
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World ‘s largest underground city’ planned for KL
- 1 February 2017
Designs have been released by the China Railway Group for the Kuala Lumpar terminal of the Singapore-Malaysia high speed rail line, declaring it set to become the world’s largest underground city. The Bandar Malaysia terminus will feature an underground shopping mall, canals, theme parks, cultural villages and a financial centre, and house the regional HQ of China Railway Group. The KL–Singapor...
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Malaysia & China sign major rail deal
- 1 February 2017
Malaysia and China have signed their largest ever infrastructure agreement to date, paving the way for China to finance and build the East Coast Rail Line (ECRL) across four Malaysian states. Signed during a six-day visit to China by Malaysian Prime Minister Najib Razak, the USD13.1 billion deal will see 600km of railway built to connect Klang Valley, Kuantan, Kuala Terengganu, Kota Baru and Tu...
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Indonesia seeks private investors in ports, airports
- 1 February 2017
Indonesia is seeking private investment in some of the cash-strapped nation’s airports and ports in an attempt to reduce its budget deficit and fund ambitious new infrastructure projects. President Joko Widodo’s government plans to sell up to a 45 percent stake in 10 airports and 20 ports across the country, though would retain state control of the facilities. Bloomberg reported that Transpo...
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Vietnamese firm’s growth has market baffled
- 1 February 2017
An unprecedented rise in the value of a relatively unknown Vietnamese construction company had markets baffled in November. Faro Construction and parent developer FLC Group are building a number of large projects including the USD250m Samson Beach and Golf Resort in Thanh Hoa province and the USD330m Quy Nhon Beach and Golf Resort in Binh Dinh. Faro was listed on the Ho Chi Minh stock exchan...
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China to build artificial islands in Philippines
- 1 February 2017
The Philippines has signed a contract with China to build four artificial islands in the city of Davao. The massive 208-hectare development along 8km of coastline is part of a major port, commercial and entertainment development program in Davao city. The agreement between Philippines’ Mega Harbor Port and Development Inc. and state-owned group China Communications Construction Co. (CCCC), w...
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Work starts on world’s tallest skyscaper
- 1 February 2017
Work has begun on what is set to become the world’s tallest skyscraper in Dubai. ‘The Tower’, designed by Spanish-Swiss architect Santiago Calatrava, will be taller than the current record holder the Burj Khalifa which is also in Dubai and is part of the redevelopment of the old city. ‘The Tower’ is expected to rise 3,045 feet when it is completed in 2020 and cost around USD1 billion accordi...
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Chinese site accident kills 67
- 1 February 2017
Health and safety regulations in Asia were highlighted again after 67 workers died when a platform they were working on collapsed on a construction site in China in November. The accident took place on a huge USD1.1 billion expansion of the Fengcheng Power Plant in the eastern province of Jiangxi when a platform holding workers building the power plant’s cooling tower gave way. Xinhua report...
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Chinese join mega satellite city project
- 1 February 2017
Cambodian conglomerate LYP Group and the China Minsheng Investment Group (CMIG) signed an MoU in December to develop a 550-hectare “Cambodia-Chinese Friendship City”. The USD1.5 billion joint venture deal allows for CMIG, China’s largest investment company, to develop the residential area within the 2,000 hectare Garden City satellite city being built by LYP Group 10km north of Phnom Penh. C...
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China seeks partners for local steel mill
- 1 February 2017
Cambodia’s dependency on imported steel for use in its booming construction sector is being seen as an opportunity by China to establish local production capacity. Hangzhou Iron and Steel, a Chinese state-owned enterprise with more than 50 years of experience is seeking partners to build the nation’s first steel production plant according to company executives. Vietnam and China are the main...
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