Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia’s construction approvals soar

Cambodia’s construction approvals soar

Cambodia’s construction approvals soar

110728_12
Workers balance on scaffolding at the site of the US$70 million Rose City Condominiums yesterday in Phnom Penh. Photo by: MENG KIMLONG

Workers balance on scaffolding at the site of the US$70 million Rose City Condominiums yesterday in Phnom Penh. Photo by: MENG KIMLONG

CONSTRUCTION approvals granted by government authorities have increased 93 percent in the first six months of the year, compared to the same period last year, figures show.

Some 1,079 potential projects worth US$637.7 million were given the go-ahead in the January to June period, compared with 1,094 construction projects worth $329.1 million approved last year, according to Ministry of Land Management, Urban Planning and Construction figures obtained on Tuesday.

The ministry’s Construction Department Director Lao Tip Seiha said that the ministry had approved a number of larger construction projects such as housing developments, apartments, factories, and tourist facilities in the first six months.

“The number of construction projects approved in the first half was less than the previous year, but we’re seeing lots of larger construction approvals for projects with bigger values,” he said.

The approvals are expected to lead to more construction projects in the second half of the year, said Lao Tip Seiha.

“The sector has been boosted in the first half of the year,” he said. “Some construction sites are worried about looking for workers, because they’re fleeing back home to work on rice farming.”
Labour force inconsistencies can be amended by more awareness and availability of vocational training, said insiders.

“An increase in the availability of international-standard vocational training, similar to qualifications provided by City & Guilds, in the Kingdom would benefit the sector’s labour force,” said Sterling Project Management Chief Executive Officer Gary Sterling.

With the subsidence of the economic crisis and the optimistic outlook of the property sector, other experts believe it to is the right time to resume construction of stalled housing developments.

“It’s time for them to restart construction after three years’ of being affected by the world crisis,” Bonna Realty Group President Sung Bonna said. “We see that some developers are preparing to start work, while others have begun their projects,”

Ministry of Land Management, Urban Planning and Construction data revealed that 2,149 construction projects worth $840 million were given the green light in 2010, compared to 2,230 projects worth a combined $1.988 billion in 2009. ADDITIONAL REPORTING BY LIAM BARNES

RECOMMENDED STORIES

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all

  • A ‘one-party dictatorship’: World reacts to CNRP decision as PM says China will fill gaps left by sanctions

    As international condemnation of the Supreme Court decision to dissolve the main opposition party continued to pour in yesterday, Prime Minister Hun Sen invited the United States and its allies to withdraw aid to the Kingdom, citing confidence in China’s continued support. Perhaps the