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

  • PM reflects on shoe throwing: Free speech or act of violence?

    Prime Minister Hun Sen on May 17 questioned whether a man who threw a shoe at him while he was in the US was exercising freedom of expression or if it was an act of hostility. Hun Sen was referring to an incident last week when

  • Chinese tourists 2.0 – Coming anytime soon?

    Regional tourism is grappling with the absence of the prolific travellers and big spenders – the Chinese tourists. Cambodia, which has welcomed over two million Chinese tourists before Covid-19, is reeling from the economic loss despite being the first to fully open last November ‘To put

  • Prime Minister Hun Sen warmly welcomed by president Biden

    Prime Minister Hun Sen, as ASEAN chair, and other ASEAN leaders were warmly welcomed by US president Joe Biden as the ASEAN-US summit May 12-13 kicked off today in Washington. “This evening, I welcomed ASEAN leaders to the White House for the first time in

  • Prime Minister Hun Sen invites US president to attend summit in Cambodia

    Prime Minister Hun Sen personally invited US President Joe Biden to attend the ASEAN-US Summit which is set to be held in Cambodia in November, as ASEAN and the US are expected to upgrade their strategic partnership to a ‘comprehensive strategic partnership’, according to Prime

  • Hun Sen: Stop Russia sanctions

    Prime Minister Hun Sen said sanctions against Russia as a result of its military offensive in Ukraine should be stopped as they have produced no tangible results, and predicted that a global food crisis would ensue in 2023 as a consequence. Speaking to an audience at

  • Pub Street on the cards for Battambang

    The Battambang Provincial Authority has announced that it is considering establishing a Pub Street in the area around the heritage buildings in Battambang town in a bid to attract more tourists. Battambang provincial governor Sok Lou told The Post that the establishment of a Pub