Compass Real Estate > Cambodia Real Estate Information > Cambodia's highways will begin construction for four years will exspend $ 2 billion

Cambodia's highways will begin construction for four years will exspend $ 2 billion

2019-06-10
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Summary:The Phnom Penh-Sihanouk highway, the first highway will start construction and cost about $ 2 billion.

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The opening ceremony of the historic highway construction site in Cambodia will be chaired by Samdech Techo Hun Sen, Prime Minister of Cambodia and Vice Foreign Minister of KONG XUANYOU.

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Through this investment, investors are allowed to collect fees from road users using a fixed rate as stipulated in the concession agreement, according to the size and type of vehicle.

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Minister of Public Works and Transport Sun Chan Thol said that the project is about 190 km long, linking from village 1, Samrongkom district, Por Sen Chey district, Phnom Penh to Village 1, Sangkat 3, Preah Khan. Sihanouk. This road passes through Phnom Penh with a length of 8.30 km, Kandal Province, 9.10 km Kompong Speu, 80.80 km, Koh Kong, 1.92 km and Preah Sihanouk Province, with a total length of 89.89 km. US $ 2,000 million is owned by China Bridge and Road Corporation (CRBC) through Cambodian PPSHV Expressway Co., Ltd.

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According to Sun Chanthol, the project was provided with technical advice from Minconsult SDN BHD, a 48-month construction contract from March 2019 to March 2023.
Sun Chanthol also said that the Phnom Penh-Sihanoukville highway project was the first and foremost route in Cambodia's history that emerged in the era of Samdech Techo Hun Sen This new Techo Hun Sen will be the bridge of the economy, and the potential tourism of the Kingdom of Cambodia connects Phnom Penh to the poor. Sihanoukville plays an important role in promoting the efficiency of Cambodia's logistics and logistics system, facilitating the transportation of crops, crops and agro-products of companies, investors and people from all over the country. To local markets, and especially to international markets through its deepwater seaport Easy to spend less rapidly and to enhance business competitiveness and take advantage of the multitude of regional and global economic integration.

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