Logo of Phnom Penh Post newspaper Phnom Penh Post - Private side can spark investment

Private side can spark investment

Private side can spark investment

The government has called on private sector partnership for investment in Cambodia’s infrastructure; a move officials say will help funnel more foreign funds into the country.

Speaking at a seminar on Public Private Partnership (PPP), the Minister of Commerce, Cham Prasidh, conceded that help was needed to meet the demands of rapid growth.

“We also acknowledge that we are still short of capacity and financial resources to accelerate infrastructure development, thus private sector participation is crucial,” he said, adding that “better infrastructure can attract more investment”.

Professor Hidetoshi Nishimura, the Executive Director at the Economic Research Institute for ASEAN and East Asia, said that PPP does not merely need to be a source of funding; it can be an opportunity to harness private sector innovation: “Even in the case that host governments can afford to develop infrastructure projects by their own budget, PPP is still an effective option to deliver better infrastructure,” he said.”

MOST VIEWED

  • Hun Sen rejects ‘rift’ rumours spread by ‘stupid gangsters’

    Prime Minister Hun Sen on Wednesday denied a “rift” among top leaders of the Cambodian People’s Party (CPP), and rejected claims that Senate president Say Chhum and Interior Minister Sar Kheng were set to be removed from their positions as rumours spread by “gangsters”.

  • Huge 3.5-tonne ivory haul seized in capital

    Working with US officials, Phnom Penh Autonomous Port has uncovered almost 3.5 tonnes of elephant ivory hidden in a container, the US Embassy in Cambodia said on Facebook on Saturday. A tip-off provided to the General Department of Customs and Excise by a US Fish and

  • Cambodia’s Miss Universe contestant to return home

    Twenty-three-year-old Rern Sinat from Kampong Cham province, only the second Miss Cambodia to compete in the Miss Universe beauty pageant, is said to be “a little disappointed but in good spirits” after not ranking in the 2018 Miss Universe contest in Bangkok, Thailand. “The weakest part

  • Assembly passes amendment to Political Party Law Article 45

    The National Assembly on Thursday unanimously approved a proposed amendment to Article 45 of the Law on Political Parties in a move that could pave the way for former senior opposition leaders banned for five years to return to the political stage. As expected, the 115 ruling