High-speed road projects from Phnom Penh to Sihanoukville invested more than $ 500 million By: Ean Bun Rith

High-speed road projects from Phnom Penh to Sihanoukville invested more than $ 500 million By: Ean Bun Rith

Tuesday, November 24, 2015

Phnom Penh: Cambodia has achieved an average annual growth of 7.7 percent in the last 2 decades, which is the World Bank considered is located in the economic growth of 8 in the world, while citizens' gross domestic product, up from $ 253 in 1998 $ 1,225 in 2015.

Based on the growth of income people afford vehicles increased from year to year, which makes difficult travel and transport various goods.

However, infrastructure development projects, roads, bridges and ports is a priority sector, the Government has been paying attention to how to facilitate travel safe and easy to transit cargo. Obviously in the early hours of November 20, has signed a memorandum on the construction of high-speed route between hotel companies and Korean companies .

General Manager of Global Cam Project Development PLc. Jackie Johnson, said: 'Global Cam Project Development PLc. And Green Eco Enegry co., Ltd of Korea has spent more than $ 500 million US to build a high-speed road Wireless (Project Construction Road of Expressway), which has a length of 275 km and a width of more than 20 meters from Phnom Penh to Sihanoukville through Kampot .

He says: 'the country compared to our neighboring countries (Cambodia) needed development in the field of transportation infrastructure. Street Expressway 1st Street for the country, and this road is ready, I hope that the government will be able to help and also tourists .

He said: 'If this project is estimated could cost about $ 540 million America that these amounts are The amount invested. Once completed, we will start taking money from passenger ticket sales.

He said: 'The project is not yet known to be started at any time, and in the next step the two companies are studying the details both technical and social impact is at the 6-month period then create a detailed technical design and practical action plan. The company agreed to enter into a contract on the construction of the building could be used for at least 3 years.

The chief executive Green Eco Enegry Lim Won Dae said: Expressway routes start from the roundabout Chao to Sihanoukville. I hope that this project will reach 100% in the country. The reason I do this in Khmer by Korea as well as a history of difficult Khmer, but now has become Korea developed countries in the world, so I developed developing countries like Cambodia.

According to company managers Global Cam Project Development PLc. Said: 'The construction of this high-speed road is a completely new road and other infrastructure investment for 35 years then give way to the government.

The country plans to build a highway speed 2 1 linking Phnom Penh to Sihanoukville and 2 from Phnom Penh to Ho Chi Minh City, Vietnam, along the National Road 1. 2 plans cooperation with Japan by the Vietnamese themselves and by themselves.

According to the investment report of the Council for the Development of Cambodia (CDC) said that as of Q3 2015, foreign investment into Cambodia size amounted to approximately US $ 3,315 million, mainly led by investment in infrastructure, roads and bridges.

A report on the financial rules for the 2015 management of the Ministry of Economy and Finance show that capital spending national budget 2015 1.44 billion, equivalent to 7.74 percent of gross domestic product, 78% shall be allocated for investment in the fields of infrastructure, such as irrigation, roads, streets electric rail network and ports.