Compass Real Estate > Cambodia Real Estate Information > Really modern ! Chinese companies will build high-speed roads in Phnom Penh to Bavet

Really modern ! Chinese companies will build high-speed roads in Phnom Penh to Bavet

2019-01-22
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Summary:China Railway Corporation has announced plans to invest in Phnom Penh`s Bavet City Highway in Svay Rieng province as it plans to build a high-speed line in Phnom Penh, Preah Sihanouk Province soon.


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 China Railway Corporation has announced plans to invest in Phnom Penh`s Bavet City Highway in Svay Rieng province as it plans to build a high-speed line in Phnom Penh, Preah Sihanouk Province soon.

In the meeting with Samdech Techo HUN SEN, Prime Minister of the Kingdom of Cambodia, who is on a visit to China, the representative of the China Road and Bridge Corporation Corporation (CRBC) announced the morning of January 21, That the company plans to build highways from Phnom Penh to the border of Cambodia, Vietnam, Bavet, construction of Road No. 15-51, connecting B Koh Kong, Pursat and Battambang provinces as well.

At the same time, representatives of China Road and Bridge Corporation CRBC reported to Samdech Prime Minister about the update of their investment projects in Cambodia and plans for implementation in the future, investment companies, corporations, bridges and roads have contributed to road construction and Many bridges in Cambodia, the company and the highway construction Phnom Penh to Sihanoukville, which plans to open a construction site in the near future.

Bavet has been incorporated by the Government in the Industrial Development Plan in the Industrial Development Policy 2015-2025, which now attracts a lot of investment, like now there are to Empire World Which has been building actively and satellite city Heng Heng.

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Bavet is currently attracting investment from international investors, especially Chinese investors.Bavet has a similar situation in Sihanoukville two or three years ago, which is getting interesting and attractive. The investment from local investors has gradually improved, but the duration this 3 years, land prices in town - would be higher in Sihanoukville and Poipet today.

"Through the investment of Empire World, which plans to invest in the 1150-hectare satellite city, it will attract more international investors to invest in and in the future there are 250,000 to 300,000 investor will come to invest in  by 2025,

"Bavet has a very good geographical condition because it is between middle Phnom Penh and Ho Chi Minh City, adjacent to China's 1 st line 1 belt road and is under the government's development plan. A special city .

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    The government's development plan is developing a blueprint for development in the city, with a clear land use plan, which is the industrial zone, where the agricultural zone, and housing, and commercial center, and public park and SEZ will be organized .

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