Transport and shipping
Transport infrastructure and facilities
National rail system in the pipeline
An agreement to build a national rail system has been reached by the Royal Group and two major Chinese companies. The joint venture will refurbish the rail link from Phnom Penh to the Thai border and upgrade the rail expressway from Phnom Penh to Sihanoukville. There ...
Connectivity key to ASEAN growth
Southeast Asian business and political leaders meeting in Phnom Penh on May 11 said multilateral connectivity, both physical and digital, was needed to ensure that ASEAN’s development and growth was not restricted by national borders. Delegates attending the second day of the World Economic Forum on ...
Good infrastructure vital for ASEAN
The availability of good infrastructure at the national level of ASEAN countries is a prerequisite if they are to benefit from regional economic integration, delegates told a panel at the World Economic Forum on ASEAN on May 11. “Better physical infrastructure development in the country ...
Three EEC projects to be proposed
A working group on the Eastern Economic Corridor set up by the Cabinet plans to propose to the EEC Committee at the end of this month that it open opportunities for the private sector to join in the development of three infrastructure projects worth a ...
President to attend Road and Belt Forum in China
President Bounnhang Vorachit will attend the Belt and Road Forum for International Cooperation taking place from May 14 to 15 in Beijing, while economists say China’s Belt and Road Initiative will benefit the Lao economy. The president will lead a high-level delegation from Laos to ...
Quality infrastructure vital for growth
Quality infrastructure will attract foreign direct investment and is the key to ASEAN’s sustained economic growth, according to a Japanese bank official on May 10. “The ASEAN region needs to give priority to developing good infrastructure. This is a key factor for improving connectivity and long ...
Japan agrees aid for port expansion
The Japanese government has agreed to help Sihanoukville Autonomous Port (SAP) introduce an electronic system for handling import and export procedures. The Electronic Data Interchange (EDI) system will allow companies to send one another electronic information, replacing the manual method currently in use. The agreement ...
Port operator’s IPO share price set near high tide mark
Sihanoukville Autonomous Port, the state enterprise that operates Cambodia’s principal seaport, announced a share price of 5,040 riel ($1.26) on May 9 for its upcoming initial public offering following a bookbuilding exercise that garnered a strong response from institutional investors. SAP priced its shares at the ...
EEC tied to China's One Belt, One Road
The government says the much-touted Eastern Economic Corridor is ready to be an important part of China’s One Belt, One Road initiative, which envisions connectivity between China and Eurasia. Speaking Monday at a seminar entitled “Thailand-Hong Kong-Shanghai Strategic Partnership on One Belt, One Road,” Deputy ...
WB project to provide better sanitation and transportation in central VN
About 1.1 million residents of central coastal cities are expected to benefit from a World Bank project to provide better sanitation services and better transport infrastructure in the region, according to the bank. The funding for the Vietnam Coastal Cities Sustainable Environment Project, worth $236 ...
