Property News Roundup April 18th, 2021
We’re delighted to share the weekly news highlights below.
- Minister: Permits needed ahead of all construction
Minister of Land Management, Urban Planning and Construction Chea Sophara has issued a letter banning architects and engineers from carrying out construction or demolition work without permits from the authorities.
April 11th, 2022 | Phnom Penh Post | Link: https://bit.ly/3O0wuYd
- Mondulkiri tourism master plan launched
The finance ministry has launched the Mondulkiri Tourism Development Master Plan 2021-2035, which lays out strategic directions for the development of the northeastern province’s tourism landscape with the aim of making it a part of Cambodia’s fourth economic pole.
April 11th, 2022 | Phnom Penh Post | Link: https://bit.ly/3KuKOpL
- Ministry restricts CN companies to complete Bavet Expressway study in 3 months
The Ministry of Public Works and Transport (MPWT) has restricted Chinese companies from completing all three months of the Phnom Penh-Bavet Expressway project to complete the construction phase as soon as planned.
April 11th, 2022 | Construction Property | Link: https://bit.ly/3jnpGWD
- 5 companies interested in investing in oil pumping business at Apsara well
Five investment companies from different countries have been interested in exploiting oil in Block A in the Apsara well and other blocks in Cambodia after KrisEnergy went bankrupt.
April 11th, 2022 | Construction Property | Link: https://bit.ly/3NTXRmC
- Gov’t brings down petrol, diesel prices 3.8%
For the April 11-20 period, the retail selling prices of fuel in the Kingdom have been set at 5,050 riel or $1.25 per litre of regular EA92 – petrol with an octane rating of at least 92 – and 5,100 riel or $1.26 per litre of diesel, said the notice containing values in both currencies.
April 12th, 2022 | Phnom Penh Post | Link: https://bit.ly/3Jz4Rlo
- PPWSA pipes clean water to Kamboul, ending shortages
The Phnom Penh Water Supply Authority (PPWSA) has completed a project to install additional 800mm and 600mm water pipes on National Road 4 from Road 120K to the special economic zone and the Kamboul area on the outskirts of the capital.
April 12th, 2022 | Phnom Penh Post | Link: https://bit.ly/3E59uTf
- Annual trips to M’kiri to pass 2.9M by 2035: senior official
Mondulkiri, the Kingdom’s largest province by area often viewed as a backwater bastion of wilderness, expects to receive at least two million national tourists and 900,000 international visitors each year starting in 2035, when a newly-launched transformative tourism development master plan expires.
April 12th, 2022 | Phnom Penh Post | Link: https://bit.ly/3O13kIv
- State approves 4 major investment projects worth over US$ 31M
The Council for the Development of Cambodia (CDC) has decided to issue registration certificates to four private companies for a total investment of more than $ 31 million, establishing four factories in Phnom Penh, Sihanoukville and Svay Rieng.
April 12th, 2022 | Construction Property | Link: https://bit.ly/3LVYf2b
- KH at ‘low risk of debt distress’, says ADB
Kingdom has the lowest Debt-to-GDP ratio of all developing countries in Asia, which is expected to peak at 38.1 percent by 2028 and settle at around 37 percent of GDP by 2030 – three percentage points below the moderate risk threshold.
April 13th, 2022 | Khmer Times| Link: https://bit.ly/37GsYS4
- The state plans to build a standard truck depot on the outskirts of the city
The Ministry of Public Works and Transport (MPWT) has requested Phnom Penh Hall to set up standardized parking lots for heavy vehicles and cargo trucks in Phnom Penh, especially in the suburban area.
April 13th, 2022 | Construction Property | Link: https://bit.ly/3rhyXnp