Property News Roundup, September 7th, 2021
We’re delighted to share the weekly news highlights below.
- 10ha Standardized Landfill set for K.Cham Province
Kampong Cham province will have a large standard landfill on an area of more than 10 hectares, while the provincial authorities are currently studying to determine the location in Kampong Siem district to prepare for construction.
Aug 30th, 2021 | Construction Property | Link: https://bit.ly/3kyzkpw
2. CDC approves $15M-investments in Kandal, K. Chhnang and Takeo
The Council for the Development of Cambodia (CDC) has just approved three new investment projects worth almost $15 million that will create more than 4,000 jobs.
Aug 31st, 2021 | Khmer Times | Link: https://bit.ly/3zvndzP
3. NR5 renovation set to have all 4 sections completed by 2024
The rehabilitation project of National Road No. 5, Battambang-Serey Sophorn section, is 100% completed, while the other three sections are scheduled to be completed in 2022, 2023 and 2024 in succession.
Aug 31st, 2021 | Construction Property | Link: https://bit.ly/3DysoBt
4. SR-Battambang road listed in 5-year priority expected to begin before 2025
The project to build a road link between Siem Reap and Battambang has been included in the Ministry’s five-year rolling plan of priority projects with the help of China, with construction expected to begin before 2025.
Aug 31st, 2021 | Construction Property | Link: https://bit.ly/3kAYsvD
5. MPWT to build East Ring Road 3 first, Ring Road 4 next
The government plans to build a third ring road to the east, connecting the section currently under construction to Lvea Em district in Kandal province, to make the third ring road a full circle. The construction of the fourth ring road will be the next priority.
Sep 1st, 2021 | Construction Property | https://bit.ly/3DzFrT7
6. Local & CN firms prepare $200M to cooperate in OCIC’s new PP Airport Project
Billionaires from China and a local company, LSCG, recently approved a $200 million joint venture with tycoon Pung Kheavse on the New Phnom Penh Airport project.
Sep 1st, 2021 | Construction Property | https://bit.ly/3zydjgx
7. Gov’t establishes 6 New Communes in 5 provinces
The Royal Government of Cambodia has decided to establish six new communes and modify the administrative boundaries of two communes in six provinces. This is according to Sub-Decree 8, No. 150 to 157, dated August 20, the same.
Sep 2nd, 2021 | Construction Property | https://bit.ly/2WK0zF6
8. MPWT to repave and expand sections of NR8 to 4 lanes, expected to begin in 2024
The Ministry of Public Works and Transport (MPWT) plans to add another layer of asphalt and widen parts of National Road 8 into four lanes, with construction expected to begin in 2024 as the project is included in the five-year rolling plan.
Sep 2nd, 2021 | Construction Property | https://bit.ly/2WF73Fo
9. World Bank finances $63M building landfills in SR, Kandal & K. Speu provinces
The World Bank plans to provide $63 million in financing for the construction of standardized solid waste and plastic landfills in Siem Reap, Kandal and Kampong Speu provinces over a six-year period.
Sep 3rd, 2021 | Construction Property | https://bit.ly/3gX8PZP
10. Gov’t rejects 1,000ha Natural Lake Acquisition proposal in Lvea Em District
The government has rejected a proposal by a private company to invest in a 1,000-hectare lake in Kandal province’s Lvea Em district, deciding to keep the natural lake intact for the public good.
Sep 3rd, 2021 | Construction Property | https://bit.ly/3tcLqs0