Property News Roundup July 25th, 2022
We’re delighted to share the weekly news highlights below.
- Gov’t Asks China to Support 7 Prioritized Infrastructure Development Projects for 2022-2024
Cambodia’s government has asked China to provide a concessional loan to support 7 prioritized infrastructure development projects for 2022-2024. The two side has agreed to prioritized projects including Kratie Mekong Bridge, National Road 7 expansion etc.
July 15, 2022 | Construction Property | Link: https://bit.ly/3zeNq7K
- MPTC to Build 100 Antenna Stations in Tourism Areas following Prime Minister’s Suggestion
The Ministry of Post and Telecommunication (MPTC) will build 100 additional antenna stations to improve service quality in priority tourist destinations and remote tourist area using funds from the Global Service Fund.
July 15, 2022 | Construction Property | Link: https://bit.ly/3zdO0mp
- More than unfinished 1,000 buildings are stuck in Construction in Sihanoukville
Long Dimanche, Deputy Governor of Sihanoukville Province, said on July 14 that the departure of Chinese investor due to the closure of online games and the Covid-19 crisis over the past three years have left unfinished construction scattered in Sihanoukville.
July 15, 2022 | Construction Property | Link: https://bit.ly/3o8cjMj
- MOE Validate 10 Activities to Transform Sihanoukville into Environmentally Friendly Multi-Purpose Economic Zone
Ministry of Environment (MOE) has validate 10 activities of the technology action plan (TAP) of the Technology Need Assessment Project (TNA) to support the implementation of environmentally technology for special economic zones in Sihanoukville, according to a validate workshop on TAB and TNA.
July 18, 2022 | Construction Property | Link: https://bit.ly/3RIl39g
- Chinese-invested expressway speeds up travel, helps develop talents for Cambodia
Connecting the Cambodian capital of Phnom Penh and the deep-sea port province of Preah Sihanouk, the Chinese-invested Phnom Penh-Sihanoukville Expressway project will not only further boost the economy, but also contribute to producing talents for the country’s infrastructure sector.
July 18, 2022 | Khmer Times | Link: https://bit.ly/3aK94rq
- Regulator grants first bond rating license for Cambodia’s securities market
The Securities Exchange Regulator of Cambodia (SERC) has granted the Rating Agency of (Cambodia) Plc. (RAC) the first license credit rating services for Cambodia’s developing securities market.
July 19, 2022 | Cambodia Investment Review | Link: https://bit.ly/3PIw2xV
- 162 kW solar project officially announced
The 162-kW small-scale solar power supply project was inaugurated. The project is located in Koh Russey village, Prolay Meas commune, Kampong Leng district, Kampong Chhnang provice and was built with the support of Snetech Group and Chin Group.
July 19, 2022 | Construction Property | Link: https://bit.ly/3AZsUJO
- MISTI Signs on Battambang Water Treatment Plant Construction Contract with CCECC
Ministry of Industry, Science, Technology & Innovation (MISTI) has signed a contract for the construction of a raw water pumping station, water treatment plant and water supply system in Battambang Province with Chia Civil Engineering Construction Corporation (CCECC).
July 19, 2022 | Construction Property | Link: https://bit.ly/3B55lPW
- Construction of Siem Reap-Angkor International Airport is set to complete 70% end of this year
The Angkor International Airport Investment (Cambodia) (AIAI) set plan to complete 70% of the Siem-Reap Angkor International Airport by the end of 2022.
July 19, 2022 | Construction Property | Link: https://bit.ly/3cswHoN
- WB Recommends Policy Measures to Foster Logistics and Supply Chain Reforms
World Bank (WB) has recommended key short and long-term policy measures to reduce national logistics costs and address wear links in the supply chain in Cambodia while the country’s logistics costs are estimated at 26.43% of GDP in 2020 – significantly higher than in comparable ASEAN countries.
July 20, 2022 | Construction Property | Link: https://bit.ly/3ziim79
- CDC approves four new projects worth more than $100 million
Cambodia continues to attract large investments, with the latest being four CDC-approved investments worth more than $100 million. According to a senior official of the CDC, the simplification of the Law on Investment and the provision of new opportunities, Cambodia attracted many large investment projects.
July 20, 2022 | Khmer Times | Link: https://bit.ly/3zk3eq0
- $84.5 million investment project approved to produce solar panels
The Council for the Development of Cambodia (CDC) has approved an investment project worth $84.5 million that will need about 1,000 workers to manufacture solar panels in an industrial zone in Kratie province.
July 20, 2022 | Khmer Times | Link: https://bit.ly/3oezq7Z
- Phnom Penh Capital Administration to repair Win-Win Boulevard
The Phnom Penh Capital Administration is planning to renovate the 7-kilometre-long section of Win-Win Boulevard to facilitate traffic and beautify Phnom Penh ahead of SEA Games.
July 20, 2022 | Khmer Times | Link: https://bit.ly/3v32aUM
- Landfill in Kampot to begin operations at end of August
The Ministry of Public Works and Transport announced that the landfill which is being constructed in Kampot will be completed by the end of next month.
July 20, 2022 | Khmer Times | Link: https://bit.ly/3zmc72p
- Cambodia and Thailand signed an MOU to strengthen bilateral capacity in logistics
The Ministry of Public Works and Transport in Cambodia and the National Council for Economic Development of the Kingdom of Thailand have signed a Memorandum of Understanding to strengthen the logistics sector for both countries.
July 21, 2022 | Construction Property | Link: https://bit.ly/3Pt4UDo