Property News Roundup 16th September 2024
We’re delighted to share the weekly news highlights below.
- Stung Toch Drainage Rehabilitation Project in Kampong Speu Reaches 89% Completion
The rehabilitation of the Stung Toch drainage system in Kampong Speu province has achieved approximately 89% completion, as reported by the Ministry of Water Resources and Meteorology (MoWRM).
September 06, 2024 | Construction Property | Link: https://tinyurl.com/yspxykbv
- Techo International Airport to Undergo 5 Days Final Flight Inspections Ahead of 2025 Launch
Techo International Airport, Cambodia’s largest and only 4F-class airport, will conduct a five-day flight inspection from 8 to 12 September 2024, as it gears up for its scheduled opening in the first half of next year.
September 08, 2024 | Construction Property | Link: https://tinyurl.com/yc8k2d8h
- Three rural roads with a length of 40km in Kampong Cham and Tbong Khmum are nearing completion
The Ministry of Rural Development is currently working on the construction of three rural roads in Kampong Cham and Tbong Khmum provinces, each with a length of more than 40km.
September 09, 2024 | Construction Property | Link: https://tinyurl.com/2mz7pshc
- The MOE plans to plant 30K of palm trees along the Cambodia-Vietnam border while planting nearly 20,000
The Ministry of Environment plans to plant 30,000 more palm seedlings along the Cambodia-Vietnam border after planting nearly 20,000 trees. This initiative aims to promote national identity and bring economic benefits.
September 09, 2024 | Construction Property | Link: https://tinyurl.com/3fn6u9a9
- HCM to Bavet expressway slated to open in 2027
Vietnamese state authorities have confirmed that a new expressway project linking Ho Chi Minh City to Cambodia, which will link to the now-under-construction Phnom Penh-Bavet Expressway, is on track to be completed and ready for use by December 2027.
September 11, 2024 | Khmer Times | Link: https://tinyurl.com/46y979za
- Two Key Cambodian Projects Funded by Japan Win International Award in Japan
Two major infrastructure projects in Cambodia, funded by Japan, have been awarded at the prestigious 7th International Construction Awards in Japan. The Cambodia-Japan Friendship Bridge Rehabilitation Project and a cutting-edge DX technology infrastructure project were among the recipients of these international accolades.
September 10, 2024 | Construction Property | Link: https://tinyurl.com/ycyxcxz3
- Cambodia Boosts Angro-Industry with USD342 Million Investment in 19 Large-Scale Rice and Grain Mills
Cambodia has significantly expanded its agro-industrial sector with the establishment of 19 large-scale rice and grain mills, backed by an investment of over USD342 million, as announced by HE Hem Vanndy, Minister of Industry, Science, Technology, and Innovation.
September 11, 2024 | Construction Property | Link: https://tinyurl.com/yc5yvkwy
- Cambodia Approves USD1.2 Billion in Investment for 53 Projects in August, Creating Over 33,000 Jobs
In August 2024, the Council for the Development of Cambodia approved 53 new projects, amounting to over USD1.2 billion in investments, set to create more than 33,000 jobs nationwide. Of these, 46 projects are new investments, while seven are production expansion initiatives.
September 11, 2024 | Construction Property | Link: https://tinyurl.com/2e8z9evf
- Cam-RoK Friendship Bridge construction to begin in 2025
The groundbreaking ceremony of the ‘Cambodia-Korean Friendship Bridge’ – the largest and longest bridge in the Kingdom – will begin in 2025, said Yoon Suk Yeol, President of the Republic of Korea (RoK).
September 13, 2024 | Khmer Times | Link: https://tinyurl.com/bdhu775e
- Kazakhstan Eyes Boost in Trade with Cambodia, Targeting USD300 Million Milestone
Kazakhstan has announced an ambitious plan to expand its trade with Cambodia to USD300 million, with a longer-term goal of reaching USD1 billion. This development followed a high-level meeting between former Prime Minister Samdech Hun Sen and His Excellency Kanat TUMYSH, the newly appointed Ambassador of the Republic of Kazakhstan.
September 12, 2024 | Construction Property | Link: https://tinyurl.com/bdns3kns