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

  • Prince injured, wife dies after accident

    THE wife of former First Prime Minister Prince Norodom Ranariddh, Ouk Phalla, 39, died while the prince was “severely” injured following a road accident in Preah Sihanouk province’s Prey Nub district on Sunday morning, officials said. Rananriddh, who is also the president of the Funcinpec

  • Bun Heang mocks US, threatens its citizens in scathing open letter

    After being hit with sanctions from the US Department of Treasury, Cambodian General Hing Bun Heang said he would retaliate against any US national who does not respect his country’s sovereignty, has ambitions to invade Cambodia or incites “traitors” in the Kingdom to do

  • Police warn boycott FB group involved in the “Clean Fingers Campaign”

    Police said on Tuesday that they will pick up members of a Facebook group involved in the “Clean Fingers Campaign” that promotes a boycott of next month’s national elections. However, police merely planned to “educate” the group for now, but warned that if the

  • Ranariddh 'seriously injured', his wife dies in accident in Preah Sihanouk

    THE wife of former first prime minister Prince Norodom Ranariddh has died. Ouk Phalla succumbed to injuries sustained in a traffic accident on National Road 4 in Preah Sihanouk’s Prey Nub district this morning. She and the prince were immediately rushed to the Preah Sihanouk