Property News Roundup April 3rd, 2023
We’re delighted to share the weekly news highlights below.
- Strategic Partnership MOU between OCIC Group and CBRE Cambodia
OCIC Group and CBRE Cambodia have entered into strategic partnership to further develop investment opportunities in the real estate market in Cambodia.
March 23, 2023 | EAC News | Link: https://bit.ly/3GbeEzz
- Cambodia-Chinese Accelerate Phnom Penh-Poipet Expressway Project
Cambodia and China are working together to accelerate infrastructure development project in Cambodia, focusing on Phnom Penh-Poipet Expressway.
March 24, 2023 | Construction Property | Link: https://bit.ly/3nGpqYd
- Gov’t to Upgrade An Ses to Be New International Checkpoint
The government of Cambodia and Thailand have agreed to upgrade the An Ses border, a vital trade border in the Choam Ksan District of Preah Vihear province, to be an international checkpoint in the near future.
March 25, 2023 | Construction Property | Link: https://bit.ly/40UoIEN
- Over 2km standard beach development project in Kep province officially launched
Cambodia’s National Committee for Coastal Management and Development (NCDD) has officially launched the project to build a 2,700-meter-long beach in Kep province.
March 27, 2023 | Construction Property | Link: https://bit.ly/3MbaET9
- Construction Progress of NR33 Reaches Almost 20%
The construction of NR33, which connects Kampot to Chrak Lok, has achieved 19% completion as of March 2023, according to the inspection conducted by the working group of the project.
March 27, 2023 | Construction Property | Link: https://bit.ly/3MbJcVI
- Two bridges in Boeung Tumpun satellite city project worth US$5m began construction
The development of Phnom Penh’s Boeung Tumpun-Choeung Ek satellite city project continues with the construction of two new bridges, costing a total of $5 million.
March 27, 2023 | Construction Property | Link: https://bit.ly/40HARNW
- New $1M bridge across Stung Sen brings relief to locals
A new bridge across Stung Sen, dubbed “Sampov Trai Lok Trai Leak” was officially inaugurated. The project spans 180 metres by 8.8 metres and connects Santuk district to Kampong Svay District, Kampong Thom province.
March 27, 2023 | Construction Property | Link: https://bit.ly/3zwjaVe
- Siem Reap’s New $115 Million Water Treatment Pant Nears Completion
Siem Reap is set to open a new $15 million water treatment plant in May 2023, which has reached 99% completion on March 2023. The new water treatment plant is located in Sangkat Chreav and covers an area of 4 hectares with a capacity of 60,000 cubic meters per day.
March 28, 2023 | Construction Property | Link: https://bit.ly/3nEDdyl
- CRBC to Conduct Study on Phnom Penh-Siem Reap Expressway Project
China Bridge and Road Corporation (CRBC) has expressed its interest in conducting a feasibility study for the third expressway project connecting Phnom Penh to Siem Reap.
March 28, 2023 | Construction Property | Link: https://bit.ly/40BOuhl
- New International Airport in Siem Reap province project 90% complete
Construction of the Angkor Siem Reap International Airport is now 90% complete as the construction firm is accelerating its work so that the official launch can be held as planned in October.
March 29, 2023 | Khmer Times | Link: https://bit.ly/3m3Kuak
- Cambodia needs $9 billion investment in power sector
Cambodia will need investment of around $9 billion through to 2040 to develop new power plants and expand the national grids, the Master Power Development Plan 2022-2040 said.
March 29, 2023 | Khmer Times | Link: https://bit.ly/3nvYie8
- JICA signs US$30m additional grant to expand water supply system in Svay Rieng
The Japan International Cooperation Agency (JICA) has signed an amendment to grant agreement with the Ministry of Economy to expand the water supply system (WSS) in Svay Rieng province worth more than US$30m.
March 29, 2023 | Construction Property | Link: https://bit.ly/3zrsERK
- New US$60 Million Ministry of Interior Headquarters Nears Completion at Over 80%
Construction on the new Ministry of Interior headquarters in Phnom Penh is over 80% complete and is on track to finish by the end of June 2023.
March 30, 2023 | Construction Property | Link: https://bit.ly/3zpLSaj
- 165km of 14 New Road Spanning Six Districts in Kampong Speu Officially Inaugurated
A total of 14 new roads spanning more than 165km in length in Kampong Speu province, were officially inaugurated under the auspices of HE Hun Many.
March 30, 2023 | Construction Property | Link: https://bit.ly/3KcgYrg