Logo of Phnom Penh Post newspaper Phnom Penh Post - Two new ports for Cambodia

Two new ports for Cambodia

Two new ports for Cambodia

121226 09
A ship docks at the Phnom Penh Autonomous Port (PPAP) in March 2012. The PPAP is scheduled to open two new ports next month. Photograph: Heng Chivoan/Phnom Penh Post

A ship docks at the Phnom Penh Autonomous Port (PPAP) in March 2012. The PPAP is scheduled to open two new ports next month. Photograph: Heng Chivoan/Phnom Penh Post

The Phnom Penh Autonomous Port (PPAP) will officially open two new ports in January in response to a rise in imports and exports of cargo.

The PPAP is also one of the state-owned enterprises due to be listed on the Cambodian stock exchange by 2014.

Hei Bavy, director-general of the PPAP, told the Post Prime Minister Hun Sen would preside over the official launch of the new port in Kandal province on January 21.

The newly upgraded port in Kampong Cham would also be operational early next year, he said.

Hei Bavy said the new port in Kandal could handle about 150,000 containers a year, while the upgraded one can load 300,000 tonnes of goods a year.

 “The ports will help us to deal with the rise of cargo activities,” he said.

The rise in cargo shipments and stocks proved that economic activities were on the rise, Hei Bavy said.

“Normally, the cargo via our port increases by 10 per cent a year. This year, we expected to reach 90,000 containers, but we have already had 94,000. Last year, it was 81,000,” he said.  

“If we cannot launch the new port on time, our operation here will have some problems, because the demand is increasing,” Hei Bavy said, adding that the existing port’s capacity was  80,000 containers a year.

Data from the PPAP shows that cargo through the port rose more than 10 per cent this year to 94,000 containers as of today, from 81,000 containers last year.

Hei Bavy said most of the products imported through  the port were construction materials, consumer products and garment raw materials.

The majority of export products were garments and agricultural products.

The new port, financed by the Chinese government, cost about $68 million.

Hie Bavy confirmed that the Ministry of Economy and Finance had already assigned Tong Yang Securities to be an advisory firm when the PPAP was floated.

He said the port was improving its internal works and hoped it could begin the IPO project by 2014.

To contact the reporter on this story: May Kunmakara at [email protected]

MOST VIEWED

  • Man arrested for fake PM endorsement

    The owner of currency exchange company GCG Asia Co Ltd was temporarily detained by the court yesterday for attempted fraud after Prime Minister Hun Sen reacted to the company using his name and pictures to allege his endorsement of the firm. Phnom Penh Municipal Court

  • Archeologists find ancient phallic statue

    An archeological team has found a metre-long tipless stone linga (penis) of the Hindu deity Shiva in the foundations of a temple in Kratie province’s historical Samphu Borak area, a former capital of the pre-Angkor Empire Chenla period. Thuy Chanthourn, the deputy director of

  • China steel company relocates to Cambodia

    Chinese state-owned iron and steel company China Baowu Steel Group Corp Ltd has unveiled plans to relocate its blast furnaces from Xinjiang Autonomous Region in the northwest of China to Cambodia, which will be the first overseas Baowu production plant, a Reuters report on Wednesday

  • Sihanoukville authority orders structure dismantled

    The Preah Sihanouk provincial administration has ordered owners of two unauthorised construction sites to immediately dismantle them and warned of legal action if the owners failed to comply. Ly Chet Niyom, development management and construction bureau chief at the provincial hall, told The Post on