Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Water treatment JV plans $200 million investment

Water treatment JV plans $200 million investment

Cambodia's Heng Development Co Ltd, in co-operation with Thai and Chinese companies, plans to invest about US$200 million in a water-treatment project this year, according to the company’s general director.

“I think investment in the project is a contribution to help our environment and society because of the increase in contaminated water flowing into bodies of water year after year,” Sieng Chanheng said yesterday.

The company was at the first stage of the evaluation process and investment in the project would require at least $200 million, she said.

Heng Development would own 30 per cent of the joint venture, Sieng Chanheng said.

State-owned China CAMC Engineering would hold 50 per cent ownership and Thailand’s BIG International would own the remaining 20 per cent.

The two foreign companies have been conducting research in Battambang, Kampong Cham and Kandal province, as well as in coastal areas.

To contact the reporter on this story: Sieam Bunthy at sieam.bunthy@phnompenhpost.com

0

Comments

Please, login or register to post a comment

Latest Video

Bodies of Cambodian peacekeepers returned to Kingdom

The bodies of four Cambodian peacekeepers killed by a Christian militia in Central African Republic were repatriated to the Kingdom and honoured in an airport ceremony on May 21.

Phnom Penh eats: Ptas Nak Battambang

As the name suggests, Ptsa Nak Battambang – which in English means Battambang's house – is the right place for those who want to try some of the province's typical dishes in Phnom Penh.

Defence Minister Tea Banh yesterday said the popular appeal of the Cambodia National Rescue Party’s pledge to substantially boost commune budgets p

Opposition surrogate Kong Korm speaks to supporters at a campaign event on Monday in Prey Veng province in front a CNRP banner bearing the face of ex-party leader Sam Rainsy. Facebook

The National Election Committee has rejected an opposition campaign advertisement from airing on a state-owned television station because it featur