[PHNOM PENH POST]
A senior government official has said construction on the US$1 billion
airport project in Siem Reap was still on track despite the recent
arrest of a key person in charge of the project.
Plans and
designs for the New Siem Reap International Airport had been submitted
to the government and construction was scheduled to begin as early as
next month, Council of Ministers secretary of state and NSRIA Steering Committee chairman Tek Reth Samrach claimed.
NSRIA
CEO Lee Tae-hwan was recently sentenced to seven years in prison for
involvement with fraudulent loans at the Busan Savings Bank, local media
reported.
The NSRIA project was a joint venture between two South Korean companies, Camco Airport Co Ltd and Lees A&A Co Ltd.
The assets of Busan Savings Bank, which backed the airport and the real estate mega-project Camko City, were forwarded to the government-owned Korea Deposit Insurance Corporation last year, according to Ernst Lee, at Korea’s Financial Services Commission.
Showing posts with label Logistics and Infrastructure. Show all posts
Showing posts with label Logistics and Infrastructure. Show all posts
March 22, 2012
Toll trains said to stop March 31
[PHNOM PENH POST]
Toll Group has informed the Cambodian government that it will suspend
all railway operations and lay off half of its Cambodian staff at the
end of the month, according to a source familiar with the situation.
The Australian logistics firm, which in partnership with Royal Group of Companies holds a 30-year lease to operate the Kingdom’s national railway, reportedly told the government of its plan last Friday, Paul Power, a consultant to the Ministry of Public Works and Transportation (MPWT), told the Post yesterday.
“The major reason is the rehabilitation [of the railway] is well behind schedule. And Toll believes, rightly or wrongly, the schedule of rehabilitation doesn’t meet with their business objectives,” he said by phone, adding that discussions between Toll and the Cambodian government had been ongoing since last summer.
The Australian logistics firm, which in partnership with Royal Group of Companies holds a 30-year lease to operate the Kingdom’s national railway, reportedly told the government of its plan last Friday, Paul Power, a consultant to the Ministry of Public Works and Transportation (MPWT), told the Post yesterday.
“The major reason is the rehabilitation [of the railway] is well behind schedule. And Toll believes, rightly or wrongly, the schedule of rehabilitation doesn’t meet with their business objectives,” he said by phone, adding that discussions between Toll and the Cambodian government had been ongoing since last summer.
March 14, 2012
Toll Group alleged to be leaving rail project
[PHNOM PENH POST]
Australian logistics company Toll Group is allegedly pulling out of its 30-year concession to operate the Kingdom’s national railway, according to the Sydney Morning Herald.
Citing “reliable sources”, an SMH report said Toll would leave its US$145 million Toll Royal Railway joint venture with Cambodia’s Royal Group of Companies. No reason was given for the decision, and a Toll Group spokesman declined to comment for the article.
The Post last month contacted a number of the partners involved in the project amid speculation that Toll Group was frustrated with the pace of the rail’s redevelopment and had decided to leave Cambodia. Officials denied any such claims.
Royal Group’s Kith Meng rejected the allegations when reached by phone in late February, and he declined to comment when asked again yesterday about the project.
Toll Royal CEO David Kerr last month also denied the claims. “Definitely not true. Toll pulling out has not been discussed.”
Australian logistics company Toll Group is allegedly pulling out of its 30-year concession to operate the Kingdom’s national railway, according to the Sydney Morning Herald.
Citing “reliable sources”, an SMH report said Toll would leave its US$145 million Toll Royal Railway joint venture with Cambodia’s Royal Group of Companies. No reason was given for the decision, and a Toll Group spokesman declined to comment for the article.
The Post last month contacted a number of the partners involved in the project amid speculation that Toll Group was frustrated with the pace of the rail’s redevelopment and had decided to leave Cambodia. Officials denied any such claims.
Royal Group’s Kith Meng rejected the allegations when reached by phone in late February, and he declined to comment when asked again yesterday about the project.
Toll Royal CEO David Kerr last month also denied the claims. “Definitely not true. Toll pulling out has not been discussed.”
February 14, 2012
Cambodia begins road project with China's loan
[XINHUA]
PHNOM PENH, Feb. 14 -- Cambodia on Tuesday broke ground to broaden a 40.5 kilometer section of the national road No. 6, which is a major road for tourism and trade activities.
The work began from eastern Phnom Penh's Russei Keo district to Bateay district of Kampong Cham province. The road will be widened from the current 7 meters to 26 meters.
The ground-breaking ceremony were presided over by Prime Minister Hun Sen and Chinese Ambassador to Cambodia Pan Guangxue.
Hun Sen said the project was to keep up with the rapid development of the country's economy and tourism sector.
The road connects Phnom Penh, the capital of Cambodia, to Siem Reap's Angkor, a world heritage site, and Banteay Meanchey province bordering Thailand. "It is quite essential for tourism and trade activities,"he said.
PHNOM PENH, Feb. 14 -- Cambodia on Tuesday broke ground to broaden a 40.5 kilometer section of the national road No. 6, which is a major road for tourism and trade activities.
The work began from eastern Phnom Penh's Russei Keo district to Bateay district of Kampong Cham province. The road will be widened from the current 7 meters to 26 meters.
The ground-breaking ceremony were presided over by Prime Minister Hun Sen and Chinese Ambassador to Cambodia Pan Guangxue.
Hun Sen said the project was to keep up with the rapid development of the country's economy and tourism sector.
The road connects Phnom Penh, the capital of Cambodia, to Siem Reap's Angkor, a world heritage site, and Banteay Meanchey province bordering Thailand. "It is quite essential for tourism and trade activities,"he said.
February 11, 2012
Sihanoukville port revenues see increase
[PHNOM PENH POST]
Cargo shipment revenue at Sihanoukville Autonomous Deep Sea Port increased 33 per cent in January compared to the same time last year, according to data obtained yesterday from the port.
The data showed that revenues reached $2.5 million, up from $1.87 in January 2011.
More than 29,400 tonnes of cargo passed through the port last month, a year-on-year jump of 24.8 per cent.
Growth in trade accounted for increased revenue, the port’s general director Lou Kim Chhun told the Post on Wednesday. He predicted a strong increase in shipments in the second quarter of 2012.
“There are a lot of goods being transported in May and June. Most of the demand is from Europe,” Lou Kim Chhun said, adding that clothing, cosmetics, electronics and vehicles composed the majority of the products crossing through the port.
Sin Chanthy, general secretary of the Cambodia Freight Forwarders Association and president of Linehaul Express (Cambodia) Co Ltd, reported a slight decrease in imports via the Sihanoukville port despite the climb in overall shipments.
“Most products are imported from China, but China was busy with Chinese New Year,” he said.
Cargo shipment revenue at Sihanoukville Autonomous Deep Sea Port increased 33 per cent in January compared to the same time last year, according to data obtained yesterday from the port.
The data showed that revenues reached $2.5 million, up from $1.87 in January 2011.
More than 29,400 tonnes of cargo passed through the port last month, a year-on-year jump of 24.8 per cent.
Growth in trade accounted for increased revenue, the port’s general director Lou Kim Chhun told the Post on Wednesday. He predicted a strong increase in shipments in the second quarter of 2012.
“There are a lot of goods being transported in May and June. Most of the demand is from Europe,” Lou Kim Chhun said, adding that clothing, cosmetics, electronics and vehicles composed the majority of the products crossing through the port.
Sin Chanthy, general secretary of the Cambodia Freight Forwarders Association and president of Linehaul Express (Cambodia) Co Ltd, reported a slight decrease in imports via the Sihanoukville port despite the climb in overall shipments.
“Most products are imported from China, but China was busy with Chinese New Year,” he said.
February 3, 2012
Cambodia's industrial zones attract 1.15 bln USD investments since inception
[XINHUA]
PHNOM PENH, Feb. 1 -- Cambodia's Special Economic Zones (SEZs) have attracted a total investment capital of 1.15 billion U.S. dollars since their operational inception in 2006, according to a government report on Wednesday.
Since 2006 to 2011, the zones have received 96 investment projects with the total capital of 1.15 billion U.S. dollars, according to the record of the Council for the Development of Cambodia (CDC).
It added that the zones had created 61,400 jobs.
Sok Chenda Sophea, the CDC's Secretary General, attributed the investment growth into the SEZs to the country's preferential investment law and low labor cost. "Cambodia's law is very open and gives a lot of fringe benefits to investors," he told a seminar Wednesday.
SEZs have been firstly established in Cambodia in December, 2005 in order to attract investors to build factories inside and manufacture goods for exports. To date, the CDC has granted licenses to 21 SEZs, however, less than a dozen of them are operational.
PHNOM PENH, Feb. 1 -- Cambodia's Special Economic Zones (SEZs) have attracted a total investment capital of 1.15 billion U.S. dollars since their operational inception in 2006, according to a government report on Wednesday.
Since 2006 to 2011, the zones have received 96 investment projects with the total capital of 1.15 billion U.S. dollars, according to the record of the Council for the Development of Cambodia (CDC).
It added that the zones had created 61,400 jobs.
Sok Chenda Sophea, the CDC's Secretary General, attributed the investment growth into the SEZs to the country's preferential investment law and low labor cost. "Cambodia's law is very open and gives a lot of fringe benefits to investors," he told a seminar Wednesday.
SEZs have been firstly established in Cambodia in December, 2005 in order to attract investors to build factories inside and manufacture goods for exports. To date, the CDC has granted licenses to 21 SEZs, however, less than a dozen of them are operational.
Linehaul, logistically speaking
[PHNOM PENH POST]
A strengthening economy and increasing demands from both domestic and foreign markets have pushed trade growth in the Kingdom, further driving the shipping industry. Linehaul Express president Sin Chanthy, who also serves as secretary-general of Cambodia Freight Forwarders, founded his company in 2000 as a joint venture with partners from Thailand and Hong Kong to capitalise on that growth. Phnom Penh Post reporter Rann Reuy met with Sin Chanthy to discuss the sector in detail.
Exporters often complain that shipping prices in Cambodia are higher than those in neighbouring countries. Is this true?
I always hear this, both in radio and print. But I think some of Cambodia’s shipping costs are relatively similar to those in nearby countries.
Compared with Vietnam, for instance, our price is 10 per cent higher. Vietnam’s shipping sector is busier than ours, so prices are cheaper.
The government issued a policy to help facilitate the export of one million tonnes of milled rice to international markets by 2015. What is your opinion on this move?
We appreciate the policy so much. The government has really made the paperwork easier. Before, we had to ask permission from places before our products were all-owed to be delivered.
A strengthening economy and increasing demands from both domestic and foreign markets have pushed trade growth in the Kingdom, further driving the shipping industry. Linehaul Express president Sin Chanthy, who also serves as secretary-general of Cambodia Freight Forwarders, founded his company in 2000 as a joint venture with partners from Thailand and Hong Kong to capitalise on that growth. Phnom Penh Post reporter Rann Reuy met with Sin Chanthy to discuss the sector in detail.
I always hear this, both in radio and print. But I think some of Cambodia’s shipping costs are relatively similar to those in nearby countries.
Compared with Vietnam, for instance, our price is 10 per cent higher. Vietnam’s shipping sector is busier than ours, so prices are cheaper.
The government issued a policy to help facilitate the export of one million tonnes of milled rice to international markets by 2015. What is your opinion on this move?
We appreciate the policy so much. The government has really made the paperwork easier. Before, we had to ask permission from places before our products were all-owed to be delivered.
January 9, 2012
Launch set for new Kandal port
[PHNOM PENH POST]
An extension of Phnom Penh Autonomous Port under construction in nearby Kandal province is nearly finished and expected to come online in July, according to a PPAP official.
Construction on the planned container lot, located in Kandal province’s Kien Svay district, began in early 2010. PPAP general director Hi Bavy said yesterday the project is now 85 per cent complete and will begin operations on July 1.
“The construction of the port is to expand our capacity to stock goods, which will make the circulation of products easy and fast,” he said, adding that it would help to reduce congestion at the original port, which is located near the Cambodian-Japanese Friendship Bridge.
The new port cost US$28.2 million and was funded by a loan from the Chinese government, Hi Bavy said. The location will hold 120 twenty-foot-equivalent units (TEUs), he said.
Cambodia now has two international ports, Phnom Penh Autonomous Port and Sihanoukville Autonomous Port, and another in Kampot is presently under construction.
An extension of Phnom Penh Autonomous Port under construction in nearby Kandal province is nearly finished and expected to come online in July, according to a PPAP official.
Construction on the planned container lot, located in Kandal province’s Kien Svay district, began in early 2010. PPAP general director Hi Bavy said yesterday the project is now 85 per cent complete and will begin operations on July 1.
“The construction of the port is to expand our capacity to stock goods, which will make the circulation of products easy and fast,” he said, adding that it would help to reduce congestion at the original port, which is located near the Cambodian-Japanese Friendship Bridge.
The new port cost US$28.2 million and was funded by a loan from the Chinese government, Hi Bavy said. The location will hold 120 twenty-foot-equivalent units (TEUs), he said.
Cambodia now has two international ports, Phnom Penh Autonomous Port and Sihanoukville Autonomous Port, and another in Kampot is presently under construction.
January 5, 2012
Kingdom’s ports see busy 2011
[PHNOM PENH POST]
Revenues from shipments passing through Sihanoukville Autonomous Port rose 7 per cent year-on-year in 2011, according to port officials.
Total revenues last year reached US$30.5 million, up from $28.5 million in 2010, SAP data show.
The growing Cambodian economy forced domestic manufacturers to boost their production, thereby increasing cargo traffic, port General Director Lou Kim Chhun said yesterday.
“As normal, if our economy increases, the shipment of cargoes also hikes,” he said, adding that he expected the trend to continue in 2012.
Those shipments included exports of milled rice, clothes and wood, and imports of construction material, electronics and raw materials for garment manufacturing, according to Lou Kim Chhun.
Milled rice exports showed a significant jump year-on-year, soaring 199 per cent to about 133,000 tonnes, up from about 44,500 in 2010.
Revenues from shipments passing through Sihanoukville Autonomous Port rose 7 per cent year-on-year in 2011, according to port officials.
Total revenues last year reached US$30.5 million, up from $28.5 million in 2010, SAP data show.
The growing Cambodian economy forced domestic manufacturers to boost their production, thereby increasing cargo traffic, port General Director Lou Kim Chhun said yesterday.
“As normal, if our economy increases, the shipment of cargoes also hikes,” he said, adding that he expected the trend to continue in 2012.
Those shipments included exports of milled rice, clothes and wood, and imports of construction material, electronics and raw materials for garment manufacturing, according to Lou Kim Chhun.
Milled rice exports showed a significant jump year-on-year, soaring 199 per cent to about 133,000 tonnes, up from about 44,500 in 2010.
December 13, 2011
SAP sees growth in shipments
[PHNOM PENH POST]
Sihanoukville Autonomous Port saw a 10 per cent year-on-year shipment increase in the first 11 months of the year, according to data provided by the Port’s general director.
The shipment of cargo across the port during the time period reached 2.2 million tons, a 9.94 per cent increase from 2 million tonnes the previous year. The number of TEUs (twenty-foot equivalent units) rose 6 per cent from 202,000 in 2010 to 214,000, this year.
Lou Kimchhun, General Director of Sihanoukville Autonomous Port, said the expansion of the Cambodian economy had caused an increase in the circulation of goods being shipped through the port, particularly that of milled rice and other agricultural products, clothes, electronic equipment and construction material.
He said he anticipated a continued rise in activity with the completion of a railway serving the port. “When we have a railroad, transportation to the port will be faster and faster and transportation service will be cheaper,” he said.
Sihanoukville Autonomous Port saw a 10 per cent year-on-year shipment increase in the first 11 months of the year, according to data provided by the Port’s general director.
The shipment of cargo across the port during the time period reached 2.2 million tons, a 9.94 per cent increase from 2 million tonnes the previous year. The number of TEUs (twenty-foot equivalent units) rose 6 per cent from 202,000 in 2010 to 214,000, this year.
Lou Kimchhun, General Director of Sihanoukville Autonomous Port, said the expansion of the Cambodian economy had caused an increase in the circulation of goods being shipped through the port, particularly that of milled rice and other agricultural products, clothes, electronic equipment and construction material.
He said he anticipated a continued rise in activity with the completion of a railway serving the port. “When we have a railroad, transportation to the port will be faster and faster and transportation service will be cheaper,” he said.
Thai rail link back on track
[PHNOM PENH POST]
Representatives from Cambodia and Thailand yesterday agreed to a 2013
completion date for a railway link from Phnom Penh across the
Cambodia-Thailand border crossing at Poipet.
Outdated agreements had delayed the project, Thai officials said. Insiders have also said disagreements over cross-border trade have kept the Thai side from full commitment.
Cambodian delegate Vasim Sorya and a Thai delegate informally agreed to the date at the 32nd ASEAN Senior Transport Officials Meeting yesterday. An official list of delegates—including the Thai official—had yet to be released.
Outdated agreements had delayed the project, Thai officials said. Insiders have also said disagreements over cross-border trade have kept the Thai side from full commitment.
Cambodian delegate Vasim Sorya and a Thai delegate informally agreed to the date at the 32nd ASEAN Senior Transport Officials Meeting yesterday. An official list of delegates—including the Thai official—had yet to be released.
December 5, 2011
Shipments at PP port more than expected
[PHNOM PENH POST]
Shipment through the Phnom Penh Autonomous Port increased by more than 28 per cent in the first 11 months of this year, surpassing a government target for 2011.
About 73,760 shipping containers passed through the port between January and November, data shows, up from 62,256 containers during 2010.
The 11 months of throughput passed the government-set goal of 73,300 by about one percentage point.
PPAP general director Hi Bary said fast growth in the Cambodian economy had pushed shipment services further and earlier than expected.
“Our economy has made a recovery in all sectors,” he said, referring to a rebound in growth after construction and manufacturing slowed in 2009.
The World Bank has estimated Cambodia’s gross domestic product will grow by six per cent this year.
Shipment through the Phnom Penh Autonomous Port increased by more than 28 per cent in the first 11 months of this year, surpassing a government target for 2011.
About 73,760 shipping containers passed through the port between January and November, data shows, up from 62,256 containers during 2010.
The 11 months of throughput passed the government-set goal of 73,300 by about one percentage point.
PPAP general director Hi Bary said fast growth in the Cambodian economy had pushed shipment services further and earlier than expected.
“Our economy has made a recovery in all sectors,” he said, referring to a rebound in growth after construction and manufacturing slowed in 2009.
The World Bank has estimated Cambodia’s gross domestic product will grow by six per cent this year.
November 22, 2011
Rail line discussed for north Cambodia
[PHNOM PENH POST]
A Chinese railway company may conduct a feasibility study on a 700-kilometre rail line in northern Cambodia, officials and local media reported yesterday.
Officials from Nanning Survey and Design Institute Co Ltd, a subsidiary of China Railway Siyuan Group, discussed the study with the Ministry of Public Works and Transportation on November 16, Secretary of State Sokhom Pheakvoanmony said. The meeting with Chinese company director Zhang Beirui focused on technical aspects of the study, but did not yield a formal agreement, he added.
“We are submitting [the meeting result] for further talks with the relevant department directors at the ministry before we look for approval from the government,” he said, adding that Nanning Survey and Design Institute would also conduct similar studies in Laos and Vietnam. Sokhom Pheakvoanmony declined to answer further questions.
A Chinese railway company may conduct a feasibility study on a 700-kilometre rail line in northern Cambodia, officials and local media reported yesterday.
Officials from Nanning Survey and Design Institute Co Ltd, a subsidiary of China Railway Siyuan Group, discussed the study with the Ministry of Public Works and Transportation on November 16, Secretary of State Sokhom Pheakvoanmony said. The meeting with Chinese company director Zhang Beirui focused on technical aspects of the study, but did not yield a formal agreement, he added.
“We are submitting [the meeting result] for further talks with the relevant department directors at the ministry before we look for approval from the government,” he said, adding that Nanning Survey and Design Institute would also conduct similar studies in Laos and Vietnam. Sokhom Pheakvoanmony declined to answer further questions.
November 19, 2011
Cambodia to start feasibility study on railway links in Kampong Thom, Kratie and Stung Treng provinces
[AKP]
Cambodia will start a feasibility study on 700-kilometer missing rail link soon following a Memorandum of Understanding signed on Oct. 10 by Cambodia’s Ministry of Public Works and Transport and a company of Chinese Railway Ministry.
The two railways will be constructed with a Chinese fund. The one links from Kampong Thom province to Stung Treng province, running through Preah Vihear province, and the other links from Snuol district of Cambodia-Vietnam bordering province of Kratie to Cambodia-Laos bordering area, running through Stung Treng provincial town.
A mechanism for constructing the two rail links was set out in a meeting held in Phnom Penh on Nov. 16 between Cambodia’s Ministry of Public Works and Transport, and Nanning Survey and Design Institute Co., Ltd. of China Railway Siyuan Group.
Cambodia will start a feasibility study on 700-kilometer missing rail link soon following a Memorandum of Understanding signed on Oct. 10 by Cambodia’s Ministry of Public Works and Transport and a company of Chinese Railway Ministry.
The two railways will be constructed with a Chinese fund. The one links from Kampong Thom province to Stung Treng province, running through Preah Vihear province, and the other links from Snuol district of Cambodia-Vietnam bordering province of Kratie to Cambodia-Laos bordering area, running through Stung Treng provincial town.
A mechanism for constructing the two rail links was set out in a meeting held in Phnom Penh on Nov. 16 between Cambodia’s Ministry of Public Works and Transport, and Nanning Survey and Design Institute Co., Ltd. of China Railway Siyuan Group.
November 12, 2011
Cambodia lures estate investors
[BANGKOK POST]
TRAT -- Cambodia is developing its Koh Kong province, adjacent to Thailand's Trat province, in a bid to attract investors as industrial estates in central Thailand are flooded.
Prasert Siri, exporter and port owner in Khlong Yai district in Trat, said the Cambodian government declared Koh Kong, especially its Mondol Seima district, a special economic zone where promotional privileges for investors are available.
The Cambodian government has contracted the LYP Group belonging to well-known Cambodian businessman Ly Yong Phat, who is a native of Koh Kong, to develop and manage the special economic zone.
The Koh Kong Industrial Estate, Koh Kong Casino, Koh Kong Resort and Koh Kong Safari World, and a deep-sea port half the size of the Laem Chabang port in Thailand, are already established there.
Cambodia opened the industrial estate a decade ago and foreign investors began moving there a few years ago.
TRAT -- Cambodia is developing its Koh Kong province, adjacent to Thailand's Trat province, in a bid to attract investors as industrial estates in central Thailand are flooded.
Prasert Siri, exporter and port owner in Khlong Yai district in Trat, said the Cambodian government declared Koh Kong, especially its Mondol Seima district, a special economic zone where promotional privileges for investors are available.
The Cambodian government has contracted the LYP Group belonging to well-known Cambodian businessman Ly Yong Phat, who is a native of Koh Kong, to develop and manage the special economic zone.
The Koh Kong Industrial Estate, Koh Kong Casino, Koh Kong Resort and Koh Kong Safari World, and a deep-sea port half the size of the Laem Chabang port in Thailand, are already established there.
Cambodia opened the industrial estate a decade ago and foreign investors began moving there a few years ago.
November 7, 2011
Australia defends involvement in Cambodian railway project
The Australian embassy has defended its involvement in a
rail development project in Cambodia, which critics say is increasing
poverty among those displaced from the side of the tracks.
The Rail Rehabilitation Project will spend more than $US140 million fixing Cambodia's two decrepit rail lines, which link Phnom Penh with a southern port and the Thai border to the west.
It's billed as a poverty reduction scheme, and an Australian company Toll Holdings has teamed up with Cambodian conglomerate The Royal Group to run the rail service.
Presenter: Liam Cochrane
Speaker: Penny Richards, Australia's Ambassador to Cambodia
The Rail Rehabilitation Project will spend more than $US140 million fixing Cambodia's two decrepit rail lines, which link Phnom Penh with a southern port and the Thai border to the west.
It's billed as a poverty reduction scheme, and an Australian company Toll Holdings has teamed up with Cambodian conglomerate The Royal Group to run the rail service.
Presenter: Liam Cochrane
Speaker: Penny Richards, Australia's Ambassador to Cambodia
Listen:
Windows Media
RICHARDS: Well this fits very strongly with the Cambodian government's own economic planning and objectives and fits in with the ASEAN masterplan of connectivity. Economic theorists will tell you the best way to develop economies and therefore bring people out of poverty is to link up trade routes and trade networks. So the railway will link up Cambodia's garment producers, manufacturers, farmers, agricultural producers with prospective markets in Thailand and ultimately other parts of the wealthy ASEAN market. So through infrastructure connectivity, economic development that will increase the growth rates in Cambodia, help reduce poverty rates and give opportunities for individual Cambodians.
November 3, 2011
Phnom Penh Port's shipping numbers up
[PHNOM PENH POST]
Freight shipments through Phnom Penh Autonomous Port, Cambodia’s second
largest port, increased more than 30 per cent year-on-year through
October, according to official figures.
The PPAP figures showed that 68,427 TEUs (twenty-foot equivalent units) were shipped through the facility between January and October of this year, up 30.5 per cent from 52,431 TEUs for the same period in 2010.
The PPAP figures showed that 68,427 TEUs (twenty-foot equivalent units) were shipped through the facility between January and October of this year, up 30.5 per cent from 52,431 TEUs for the same period in 2010.
November 2, 2011
Work on 5th Cambodia-China Friendship Bridge begins in Cambodia's capital
[XINHUA]
PHNOM PENH, Nov. 2 -- Cambodia on Wednesday broke ground for the construction of the 5th Cambodia-China Friendship Bridge, or 2nd Chroy Changvar Bridge, across Tonle Sap River to reduce traffic congestion and to keep up with the country's fast pace of economic development.
The would-be 719-meter bridge is located in Phnom Penh's Russei Keo district, connecting the capital Phnom Penh in the west of the river to National Road No. 6 in the east of the river.
The bridge is in parallel with the existing Cambodia-Japan Friendship Bridge, or Chroy Changvar Bridge.
The ground-breaking ceremony was presided over by Prime Minister Hun Sen and Chinese Ambassador to Cambodia Pan Guangxue, and was also attended by top government officials, diplomatic corps, some 12,000 local people and students.
The would-be 719-meter bridge is located in Phnom Penh's Russei Keo district, connecting the capital Phnom Penh in the west of the river to National Road No. 6 in the east of the river.
The bridge is in parallel with the existing Cambodia-Japan Friendship Bridge, or Chroy Changvar Bridge.
The ground-breaking ceremony was presided over by Prime Minister Hun Sen and Chinese Ambassador to Cambodia Pan Guangxue, and was also attended by top government officials, diplomatic corps, some 12,000 local people and students.
October 26, 2011
Cambodia Infrastructure Report Q4 2011
View Table of Contents
.. In July 2011, a feasibility study has shown that a proposed 257km railway that would stretch from Cambodia to Vietnam would cost at least US$686mn, as reported by Vietnam News. The railway is part of a project launched in 2008 intended to develop the intra-Asian railway network. The Chinese government has pledged to contribute US$500mn towards the project. The study is to be submitted to Cambodian Prime Minister Hun Sen for approval.
October 17, 2011
Rice development main tool for poverty reduction
[PHNOM PENH POST]
Government to set policy and make way for the power of the private sector
CAI Mep, a new port on the Mekong Delta in Vietnam, is likely to become the trans-shipment point for a good part of the container traffic from the factories of Phnom Penh in future, motoring down the Mekong from Phnom Penh's river port loaded with Cambodian-made goods, according to career shipping and logistics expert Paul Thomas.
The Cai Mep International Terminal – part of the Vung Tau Port complex, near Ho Chi Minh City – is operated by APM Terminals, whose headquarters are in The Hague, in the Netherlands.
“Cai Mep offers direct sailings to European ports without Singapore. And you don’t have to take goods by road 230 kilometres from Phnom Penh to Sihanoukville. The cost factor is not dramatically lower, but it's a little bit less,” Thomas says.
CAI Mep, a new port on the Mekong Delta in Vietnam, is likely to become the trans-shipment point for a good part of the container traffic from the factories of Phnom Penh in future, motoring down the Mekong from Phnom Penh's river port loaded with Cambodian-made goods, according to career shipping and logistics expert Paul Thomas.
The Cai Mep International Terminal – part of the Vung Tau Port complex, near Ho Chi Minh City – is operated by APM Terminals, whose headquarters are in The Hague, in the Netherlands.
“Cai Mep offers direct sailings to European ports without Singapore. And you don’t have to take goods by road 230 kilometres from Phnom Penh to Sihanoukville. The cost factor is not dramatically lower, but it's a little bit less,” Thomas says.
Subscribe to:
Posts (Atom)