Logo of Phnom Penh Post newspaper Phnom Penh Post - Toll Group alleged to be leaving rail project

Toll Group alleged to be leaving rail project

Toll Group alleged to be leaving rail project

Australian logistics company Toll Group is allegedly pulling out of its 30-year concession to operate the Kingdom’s national railway, according to the Sydney Morning Herald.

Citing “reliable sources”, an SMH report said Toll would leave its US$145 million Toll Royal Railway joint venture with Cambodia’s Royal Group of Companies. No reason was given for the decision, and a Toll Group spokesman declined to comment for the article.

The Post last month contacted a number of the partners involved in the project amid speculation that Toll Group was frustrated with the pace of the rail’s redevelopment and had decided to leave Cambodia. Officials denied any such claims.

Royal Group’s Kith Meng rejected the allegations when reached by phone in late February, and he declined to comment when asked again yesterday about the project.

Toll Royal CEO David Kerr last month also denied the claims. “Definitely not true. Toll pulling out has not been discussed.”

A Cambodian government spokesman in February said he had no knowledge of Toll’s alleged plans to pull out, and reiterated those claims yesterday.

A Toll spokesman in Melbourne repeatedly denied having knowledge of the matter, although a separate official based in Singapore said the company was working on a statement in conjunction with the Cambodian government as to the status of the project.

Toll Royal officials yesterday again declined to comment, saying a statement from the parent company was expected later this week or next week.

MOST VIEWED

  • EU parliament’s 13-point vote to decide on possible sanctions

    The European Parliament is due to vote on Thursday on a 13-point resolution on Cambodia – which includes a call for the treason charges against bailed opposition leader Kem Sokha to be dropped – a threat that could see the EU enforce a range of sanctions against

  • Government hits back at threats to pull EBA, suspend UN seat

    The spokesman for the ruling Cambodian People’s Party (CPP) has said the government is in no way concerned after the European Parliament gave it three months to reverse what it called the “systematic repression of the political opposition”. Ignoring the ultimatum could mean facing

  • Sar Kheng: Sokha requested security

    Interior Minister Sar Kheng on Sunday revealed the story behind the transfer of former opposition party leader Kem Sokha from Trapaing Phlong prison in Tbong Khmum province to his house in the capital. Speaking at the ruling Cambodian People’s Party (CPP) headquarters in Prey

  • PM vows to ‘protect’ Chinese interests

    Prime Minister Hun Sen on Tuesday told Chinese companies investing in Cambodia not to worry about contract cancellation in the Kingdom. Speaking at a roundtable meeting with business executives in China as co-chair of the China-Asean Expo, the prime minister told six Chinese conglomerates with