Page 6 - Sin Chanthy News Today

Cambodia has started construction of the first phase of a $1.5bn multi-purpose port in Kampot.

Worldbridge Group has signed a memorandum of understanding (MoU) with Singaporean company YCH Group to collaborate on the development and operation of the Phnom Penh Logistics Complex (PPLC).

The International Multi-Purpose Logistics and Port Centre, principally invested by Kampot Logistics and Port Co Ltd and projected to cost $1.5 billion, has officially broken ground in Bokor town, Kampot province.

Cambodia and China are looking into the logistics of creating a connection between the Bassac River and the sea in Kep province to provide a viable alternative for waterway passenger and freight traffic to enter the Kingdom without passing through Vietnam, according to the transport ministry.

Cambodia's logistics and transportation companies are considering a “slight” increase in prices due to the rising cost of fuel triggered by the Russia-Ukraine conflict, according to industry experts and key players.

Cambodia's requests to increase capacity at the Stung Bot-Ban Nong Ian international border checkpoint with Thailand – around 9km southeast of the main Poipet gate – during its preliminary phase continue to be declined by the Thai side, according to a senior public works official.

A feasibility study is underway on a proposed 135km expressway connecting the capital with the Bavet-Moc Bai International Border Gate that links Svay Rieng province with Vietnam’s Tay Ninh, as the government confirms more specifications.

A joint feasibility study between a Singapore’s YCH and London-based PricewaterhouseCooper (PwC) for development of the Phnom Penh Logistics Centre (PPLC) is now about 50 per cent complete and on track to be finished by mid-April, with construction on the highly-anticipated project expected to begin in November, according to the Ministry of Public Works and Transport.

The government has increased retail fuel prices for the fourth bimonthly period in a row, as oil climbs towards $100 per barrel – a trend that has devastated the transport and private-hire sectors and other major petrol consumers ravaged by Covid-induced revenue losses for more than two years.

The government has increased retail fuel prices for the fourth bimonthly period in a row, as oil climbs towards $100 per barrel – a trend that has devastated the transport and private-hire sectors and other major petrol consumers ravaged by Covid-induced revenue losses for more than two years.