Logo of Phnom Penh Post newspaper Phnom Penh Post - Bokor town plans unveiled

Bokor town plans unveiled

Content image - Phnom Penh Post
The road to the Bokor Mountain national park. The government has unveiled plans to develop a new town in the area. Photo supplied

Bokor town plans unveiled

The government has unveiled plans to develop a new town in the Bokor Mountain area, an inter-ministerial meeting last Friday said.

Minister of Land Management, Urban Planning and Construction Chea Sophara led the meeting to develop a master plan for the development project, located in Kampot province’s Teuk Chhou district, some 42km from Kampot town.

The ministry’s spokesperson could not be reached for further details of the plan on Wednesday. However, Kampot provincial governor Cheav Tay, who attended the meeting, told The Post on Wednesday that it is a land development project involving the creation of a new town.

“The project involves the development of land on Bokor Mountain. Should any new town need to be established, we have already allocated land for that,” he said.

A post on the ministry’s official Facebook page said the meeting was also attended by Minister of Tourism Thong Khon, Minister of Environment Say Sam Al and Preah Sihanouk provincial governor Yun Min – who has since resigned in the wake of the recent fatal building collapse in Sihanoukville.

Tay said the project involves about 150,000ha on Bokor Mountain.

In May 2012, the government granted 18,987ha of land at the Bokor resort to Sokimex Investment Group Co Ltd to develop hotels and casinos.

Cambodian Valuers and Estate Agents Association president Kim Heang said if there is a town development on Bokor Mountain, it would be positive for the real estate and tourism sector.

“It will cause land prices in the area to increase. The people nearby already benefit from the tourism sector, because Bokor Mountain is associated with tourism,” he said.

He believes that the influx of Chinese investors to Cambodia over the last few years may be one of the reasons that the government has felt encouraged to study the plan.

“If we say no, it is not right because our real estate sector is a pipeline for the large amount of money flowing in from China. In fact, if the Chinese had not come to Cambodia, the value of land would not have increased as it has done,” he said.

China has become the leading foreign investor in Cambodia in recent years, mostly in the construction and casino sectors, especially in Sihanoukville.

For five straight years, from 2013 to 2017, China was Cambodia’s largest foreign direct investor with investment capital of $5.3 billion – about $1 billion annually – according to the Council for the Development of Cambodia.

MOST VIEWED

  • Companies listed on CSX receive 50% deduction on income tax

    Tax incentives are granted to companies that have listed their shares or issued debt securities on the Cambodia Securities Exchange (CSX), whether they are small to medium-sized enterprises or large companies. The nine stock listed companies on the CSX – with seven listed on the Main

  • Siem Reap drain canal now ‘mangrove’ promenade

    A more than half a kilometre long stretch of canal in Siem Reap has been covered and turned into a promenade to attract visitors, said Ly Rasmey, secretary of state at the Ministry of Land Management, Urban Planning and Construction, on September 16. The new pedestrianised

  • Cambodia mourns over UK’s Queen Elizabeth II

    Cambodia has joined other nations around the world to mourn the passing of Queen Elizabeth II, with King Norodom Sihanomi, Prime Minister Hun Sen and National Assembly president Heng Samrin extending their condolences in separate letters. In his letter to the late Queen’s son –

  • Final verdicts for Khmer Rouge leaders ‘vital’ for next generation

    Nearly a decade after the commencement of Case 002/02 against Khieu Samphan back in 2014, the Extraordinary Chambers in the Courts of Cambodia (ECCC) is now set to deliver its final verdict for the former Khmer Rouge head of state. The Supreme Court Chamber of the ECCC,

  • Angkor wildlife, aquarium park still to open October

    The Angkor Wildlife and Aquarium complex about 30km southeast of Siem Reap town with initial total investment of more than $70 million is reportedly still on track for an end-October opening. The park is located on a 100ha plot along National Road 6 in Kbon village, Khchas

  • Railway project studies proceed

    The transport ministry is exploring options to expedite preliminary studies on key public railway infrastructure projects, especially the conversion of the Northern Railway Line that links to Thailand into high-speed rail. Railway freight and passenger transportation has been pinpointed as a major potential engine of