Logo of Phnom Penh Post newspaper Phnom Penh Post - Ministry moves to pen accord to develop major logistics hub

Ministry moves to pen accord to develop major logistics hub

Content image - Phnom Penh Post
Minister of Public Works and Transport Sun Chantol met representatives of Singapore-based YCH and international legal adviser Alex Sanford via video link on December 21. MINISTRY OF PUBLIC WORKS AND TRANSPORT

Ministry moves to pen accord to develop major logistics hub

The Ministry of Public Works and Transport plans to finalise a draft on “Framework Agreement” for the Phnom Penh Logistics Centre (PPLC) development project soon, leading to a signing with the developer, according to minister Sun Chanthol.

Chanthol and senior officials of relevant ministries and institutions met representatives of Singapore-based YCH and international legal adviser Alex Sanford via video link on December 21.

The focus of the meeting was to review the latest version of the draft, collect additional input and ensure the legal content of the document is acceptable to all parties and in line with national and international standards.

In line with the long-term vision of the government, PPLC is a centre with the potential to promote the transport sector to be more efficient and competitive with regional countries and the globe as a whole in terms of price and service, the minister said.

“PPLC will also be a driving force for Cambodia’s economic growth and achieve the Royal Government’s vision to develop Cambodia as a high-middle-income country by 2030 and a high-income country by 2050.

“I would like to express my deep gratitude to the meeting for providing valuable input for the sake of consistency in the terms of this agreement in accordance with the legal context of the current Cambodian socio-economic laws, as well as present and future regional and global economies,” Chanthol said.

Chhieng Pich, director of the ministry’s General Department of Logistics, told The Post on December 22 that after reviewing all aspects, the Inter-Ministerial Committee agreed in principle on three points of revision to add to the framework draft for submittal to YCH for review and decision.

However, he said, the three points have not been revealed to the public yet and is pending an official decision from the company.

“If the company agrees on these three points, we will set a deadline to sign a framework agreement as soon as possible, which could take place early next year,” Pich said.

The PPLC is located on 98ha in Samrong Krom commune, Por Sen Chey district, Phnom Penh in a strategic location which links the deep-sea port in Preah Sihanouk province with the northern railway line that goes through Poipet town and onto the Thai border.

It is located near Phnom Penh International Airport, National Road 4 and National Road 3, as well as the train station’s storage location and Phnom Penh Special Economic Zone.

Chantol has also instructed the ad hoc committee headed by Pich to cooperate with stakeholders and investment companies to finalise the draft of the agreement to ensure a prompt signing between the public works ministry and YCH as planned.

MOST VIEWED

  • Ministry orders all schools, public and private, to close for SEA Games

    From April 20 to May 18, all public and private educational institutions will be closed to maintain order and support Cambodia's hosting of the 32nd SEA Games and 12th ASEAN Para Games, said a directive from the Ministry of Education, Youth and Sport. Cambodia will host the

  • Almost 9K tourists see equinox sunrise at Angkor Wat

    Nearly 9,000 visitors – including 2,226 international tourists – gathered at Angkor Wat on March 21 to view the spring equinox sunrise, according to a senior official of the Siem Reap provinical tourism department. Ngov Seng Kak, director of the department, said a total of 8,726 people visited Angkor Wat to

  • Angkor Beer strengthens national pride with golden new look and fresher taste

    Angkor Beer – the "Gold of Angkor" – has a new look, one that is more stylish and carries a premium appeal, as well as a fresher taste and smoother flavour, making it the perfect choice for any gathering. Angkor Beer recently launched its new design, one

  • PM urges end to ‘baseless’ international Ream base accusations

    Prime Minister Hun Sen urges an end to “baseless” foreign accusations surrounding the development of the Kingdom’s Ream Naval Base, as the US has consistently suggested that the base is being expanded to accommodate a Chinese military presence. Hun Sen renewed his calls while

  • Khmer ballet documentary debuts April 1

    A new documentary, The Perfect Motion, or Tep Hattha in Khmer, will premiere to the public on April 1. The documentary film follows two intertwined storylines: the creation of a show called Metamorphosis by the late Princess Norodom Buppha Devi (her very last production) and the

  • Water supply authority assures public shortages over early ‘24

    The Phnom Penh Water Supply Authority (PPWSA) asked for understanding from Phnom Penh residents in some communes where water pressure is weak. They assured residents that all supply issues will be resolved by early 2024, but have suggested that residents use water sparingly in the meantime.