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

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Angkor Wat named as the top landmark for the second year

    Travel website TripAdvisor has named Cambodia’s ancient wonder Angkor Wat as the top landmark in the world for the second year running in their Travelers’ Choice Award 2018, an achievement Cambodian tourism operators expect will attract more tourists to the Kingdom. The website uses traveller

  • Ministry’s plan for net sparks fears

    The government has ordered all domestic and international internet traffic in the Kingdom to pass through a Data Management Centre (DMC) that has been newly created by the state-owned Telecom Cambodia, in a move some have claimed is an attempt to censor government critics. Spokesman

  • Hun Sen detractors ‘will die’

    Prime Minister Hun Sen on Wednesday said those who curse or insult him would eventually die without a plot of land to bury their bodies after being killed by lightning, suffering the same fate as those who recently died in Thmar Baing district in Koh