物流Business News

The Royal Government in recent years has spent billions of US dollars for the development of three major infrastructure projects with an estimated budget of US $ 5.3 billion. The three projects are:

Phnom Penh-Bavet Expressway Development Project:

This project is Cambodia’s second expressway project after the first Phnom Penh-Sihanoukville Expressway project. The Phnom Penh-Bavet Expressway is worth about $ 1.63 billion.

It is a historical project of Cambodia because Cambodia does not yet have an expressway that can connect to the international border area. The Royal Government opened the construction site about a year ago.

Techo International Airport Project:

This large construction is also considered as a historical project because Cambodia does not yet have an airport with such a large standard and can accommodate large aircraft.

The airport is expected to cost about $ 2 billion, with construction currently costing more than $ 1.1 billion.

According to the plan, the first phase of Techo International Airport will be launched in mid-2025.

Funan Techo Project:

The Funan Techo Project is scheduled to start on August 5 under the presidency of Samdech Hun Manet, Prime Minister of Cambodia. This project is considered as a historical project on waterways.

It is a new waterway project of Cambodia connecting fresh water to the sea of Cambodia.

When this project is completed, Cambodia expects to be independent in terms of waterways, with all exports-imports no longer dependent on neighboring countries’ waterways.

It is also a means of transportation by water, which can attract low-level international tourists to another level. The project is expected to cost about $ 1.7 billion.

Conclusion

Through three major infrastructure development projects, it can help make Cambodia a more attractive country for investment and tourism, especially facilitating the logistics sector in Cambodia. 

Source: https://www.khmertimeskh.com