YCH Group and Cambodia Settle a Framework Deal for a Development of Logistics Complex in Phnom Penh

SINGAPORE'S YCH Group and Cambodia's Ministry of Public Works and Transport have signed a framework agreement to develop the Phnom Penh Logistics Complex (PPLC). Under the terms of the agreement, YCH will design, develop and operate the PPLC.

The PPLC will be part of the Smart Growth Connect Initiative and is the second project under the Asean Smart Logistics Network. It is expected to help strengthen Cambodia's connectivity with the broader intra-regional trade flows, particularly among the Mekong countries (Cambodia, Laos, Myanmar, Thailand and Vietnam) and south-western China, and contribute towards Cambodia's long-term economic growth.

The project has garnered significant interest from the international infrastructure financing ecosystem with financial institutions like International Finance Corporation, a member of the World Bank Group; and Clifford Capital Pte Ltd, a specialist arranger and provider of project and structured finance solutions, having expressed interest to fund the various aspects of the project.