Compass Real Estate > Cambodia Real Estate Information > Phnom Penh will expand a new district, why choose Kandal Province?

Phnom Penh will expand a new district, why choose Kandal Province?

2020-03-03
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Summary:With so many provinces across Cambodia, why is Kandal is the first choice?

Prime Minister Hun Sen recently revealed that some areas in L'VEA EM district in Kandal province will be merged into Phnom Penh. By then, land prices in the region will rise.

It is understood that the L’vea em district, Kandal Province is adjacent to the Mekong River, located east of Phnom Penh, opposite Diamond Island.

Due to the continuous development of Phnom Penh's economy, the Cambodian government has repeatedly assigned part of the land in the province of Phnom Penh to Phnom Penh. According to Prime Minister Hun Sen, in the near future, more provinces will be set aside under the management of Phnom Penh.

Why kandal province will be the first choice?

1. Excellent location

The province of Phnom Penh is adjacent to the main city of Phnom Penh. It is a must-go place for the Cambodian capital Phnom Penh to go out of the city. The province has 10 districts, 1 city, 146 communes and 1087 villages with a population of 1.07 million. Krong Ta Khmao, the provincial capital, is located 11 kilometers south of Phnom Penh.

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The superior geographical position gives Kandal province its unique advantages and takes the lead. At present, with the acceleration of Cambodia's urbanization process and the living needs of foreign populations, urban expansion is urgently needed to adapt to economic development. In recent years, Phnom Penh, the capital of Cambodia, has expanded to 678 square kilometers, with a population of more than 2 million, and there are more than 1 million migrants. The development needs of the city of Phnom Penh have brought development opportunities to the neighboring Kandal province.

2. Improving infrastructure

In recent years, Kandal Province has developed rapidly, the infrastructure has been constantly improved, and major projects have been continuously implemented. The province will not only build new international airports, ports, special economic zones, but also a number of main roads will be expanded, and the area of the provincial capital will also be expanded.

New Phnom Penh airport will be built in Kandal province

Phnom Penh New International Airport is located in Krong Ta Khmao and Kandal Stueng District , with a total investment of about 1.5 billion U.S. dollars and a total area of 2600 hectares. After completion, it is the highest 4F airport in the airport class, and is expected to become the largest and most advanced airport in Southeast Asia. One of the advanced international airports. Construction is currently underway and is expected to be completed in 2023.

Port and Special Economic Zone in Kandal Province

According to the latest news from the Ministry of Public Works and Transport, the department plans to build two ports in Kampong Cham and Kandal province to improve the transport of agricultural products along the Mekong river. The port address is inTonle Bassac river and Kandal Province in Kampong Cham Leuk Daek Division. In addition, Ministry of Public Works and Transport pointed out that another special economic zone will be planned in Kandal Province

New power plant in Kandal Province

To ensure that Phnom Penh will not facing short of electricity, the Cambodian government spent USD 355 million to build a power plant in Kandal Province, and the Power Company will also build a power transmission and transformation grid from Kandal Province to Phnom Penh. To improve the shortage of electricity in Cambodia during the dry season. The power plant construction period is 10 months and will be completed in April 2020.

Kandal Province repairs Highway 2

The Cambodian government spent $ 54 million to repair Highways 2 and 22. Among them, Highway 2 runs from the it is Krong Ta Khmao traffic circle in Kandal Province to the Doun Keo traffic circle inTakeo, the Takeo Province. The repair work of Highway 2 is to solve the problems facing the transportation industry and promote the rapid development of the national economy. The construction period of the project is 30 months, and maintenance has begun at the end of 2019.

In addition, the roads of Highway 1, Highway 5, Highway 6, Highway 14, Highway 20B, Highway 21, Highway 21A, Highway 21B, and Highway 34 and Highway 110 in Kandal Province, And the 151A highway is also being gradually repaired and expanded.

The infrastructure of Kandal Province is constantly improved, and the city's supporting facilities are constantly being improved, and its attractiveness and competitiveness are increasing. As the city center continues to develop towards the surrounding areas, real estate develops rapidly, and land prices have doubled. As a neighboring province of the capital Phnom Penh, Kandal Province has taken advantage of development opportunities. In the future, Kandal Province will continue to enjoy its favorable policies and take advantage of it. Great opportunities in Kandal province.


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