Property News Roundup December 27th, 2021

27 December 2021 | Posted in Uncategorized, News

We’re delighted to share the weekly news highlights below.

 

  1. Gov’t mulls upgrading existing railways to high-speed & building 2 new lines

The Cambodian government has unveiled plans to upgrade the existing railways to a high-speed system and also to build two new lines connecting Phnom Penh capital to Siem Reap and Bavet.

Dec 20th, 2021 | Construction Property | Link: https://bit.ly/33CMyfX

 

  1. PPAP logs double-digit rise in throughput for full year 2021

Local publicly-listed river port operator Phnom Penh Autonomous Port (PPAP) reported a sound business performance for the full year 2021 despite a tough time with Covid-19.

Dec 21st, 2021 | Phnom Penh Post | Link: https://bit.ly/3ee1N0S

 

  1. SSEZ’s export-import amounts $2B in 11 months

The total import and export volume of the Sihanoukville Special Economic Zone amounted to $2,001 million in the January-November period, a year-on-year increase of 40 percent.

Dec 21st, 2021 | Khmer Times | Link: https://bit.ly/3mm0BNq

 

  1. NBC: total credit reaches US$44.9B by Q3 21; Construction contributes 25.6%

By the end of the third quarter of 2021, total domestic credit provided by banking and financial institutions reached US$44.9 billion, an increase of 23% compared to the same period last year, according to a National Bank (NBC) report on 20 December.

Dec 22nd, 2021 | Construction Property | https://bit.ly/3mp8sKf

 

  1. New flyover set to be built at Century Plaza intersection

The Phnom Penh Municipal Administration plans to build a new flyover at the Century Plaza Market intersection to ease the traffic congestion on Russian Blvd, St. 2004, and St. 2011.

Dec 22nd, 2021 | Construction Property | https://bit.ly/3qe7NMJ

 

  1. Construction begins for new $25M National Assembly Building

The groundbreaking ceremony was presided over by President of the National Assembly of Cambodia Samdech Heng Samrin and President of the Socialist Republic of Vietnam H.E. Nguyen Xuan Phuc on 21 December.

Dec 23rd, 2021 | Construction Property | https://bit.ly/3FoAdKu

 

  1. New large-scale hospital complex in Koh Thom to begin construction in Jan

The new building of Techo Sen Koh Thom Hospital is set to begin construction in January 2022, according to the meeting of the construction committee and relevant officers from the Ministry of Public Works and Transport on 21 December.

Dec 23rd, 2021 | Construction Property | https://bit.ly/3efBkjC

 

  1. Plan to construct Chak Angre Krom- Prek Pra bridge receives approval from PM

The plan to build a new bridge as an alternative to the heavily-congested Monivong Bridge across the Bassac River connecting Chak Angre Krom and Prek Pra communes has already been approved by Prime Minister Hun Sen.

Dec 23rd, 2021 | Construction Property | https://bit.ly/3qguRKZ

 

  1. Construction of longest bridge of PP-SHV expressway completed

The longest bridge of the Phnom Penh-Sihanoukville expressway has completed the installation of all box girders and has been fully connected to the pavement on both sides.

Dec 24th, 2021 | Construction Property | https://bit.ly/3el6iXO

 

  1. Kampong Thom suffers 50,000ha loss of flooded forest state land

Authorities in the six provinces adjacent to Zone 3 of the Tonle Sap lake continue to inspect and measure flooded forest land that has been encroached while Kampong Thom province is reported to be the hardest hit with nearly 50,000 hectares illegally cleared.

Dec 24th, 2021 | Khmer Times | https://bit.ly/30TTJ2k

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