Port plan to lower freight costs
A massive $300 million expansion of the Kingdom’s principal seaport announced this week will significantly improve supply chain logistics, reduce transport costs, and increase the competitiveness of Cambodian goods in international markets, private sector leaders said on December 29. Sin Chanthy, president of the Cambodia Freight Forwarders Association, said the government’s plan to expand Sihanoukville Autonomous Port will improve the seaport’s handling capacity, reducing both the time and cost of import and export shipments. “We welcome this expansion plan for Sihanoukville’s port as once it’s completed we’ll realise huge benefits, especially in our ability to compete on cost for both imports and exports.” The ambitious port development plan, revealed during the annual meeting of the Ministry of Commerce on Wednesday, envisions the construction of a new container port – comprising a terminal, container yard, and customs and administrative buildings – on reclaimed land just north of the existing port facility.
