Logo of Phnom Penh Post newspaper Phnom Penh Post - Water treatment JV plans $200 million investment

Water treatment JV plans $200 million investment

Water treatment JV plans $200 million investment

Cambodia's Heng Development Co Ltd, in co-operation with Thai and Chinese companies, plans to invest about US$200 million in a water-treatment project this year, according to the company’s general director.

“I think investment in the project is a contribution to help our environment and society because of the increase in contaminated water flowing into bodies of water year after year,” Sieng Chanheng said yesterday.

The company was at the first stage of the evaluation process and investment in the project would require at least $200 million, she said.

Heng Development would own 30 per cent of the joint venture, Sieng Chanheng said.

State-owned China CAMC Engineering would hold 50 per cent ownership and Thailand’s BIG International would own the remaining 20 per cent.

The two foreign companies have been conducting research in Battambang, Kampong Cham and Kandal province, as well as in coastal areas.

To contact the reporter on this story: Sieam Bunthy at [email protected]

MOST VIEWED

  • Diplomatic passports issued to foreigners to be annulled

    The Ministry of Foreign Affairs and International Cooperation will move to annul diplomatic passports issued to those not born in Cambodia. Analysts say the move may be in relation to reports that former Thai prime minister Yingluck Shinawatra used a Cambodian passport to register as

  • The hairy little heroes saving many lives in rural Cambodia

    IN RURAL Siem Reap province, rats dare to tread where no person will, as these hairy little heroes place their lives on the line each day for the good of the local community. The rodents are the most important members of a special team, leading

  • Hun Sen warns Irish MP of EBA ‘mistake’

    Prime Minister Hun Sen on Saturday told former Irish premier Enda Kenny, still a member of the EU nation’s parliament, that the 28-nation bloc should not make a “third mistake” regarding Cambodia by using the preferential Everything But Arms (EBA) agreement to “take 16 million

  • PM warns EU and opposition on 34th anniversary of his rule

    HUN Sen reached the milestone of 34 years as Cambodian prime minister on Monday and used the groundbreaking ceremony for a new ring road around Phnom Penh to tell the international community that putting sanctions on the Kingdom meant killing the opposition. “Please don’t forget