Logo of Phnom Penh Post newspaper Phnom Penh Post - Highway 1 Upgrade

Highway 1 Upgrade

Highway 1 Upgrade

The Asian Development Bank (ADB) announced Mar 20 the signing of $140 million in

concessionary loans to the governments of Cambodia and Vietnam to upgrade 240

kms of Highway 1 between Phnom Penh and Ho Chi Minh City, according to an ADB

press release.

The upgrades will shorten travel time between the two

cities to six hours and cut truck operating costs by 16 to 20

percent.

ADB says "the project will also improve facilities at the border

and reduce bureaucratic and procedural constraints to cross-border trade,

addressing issues such as vehicle registration, insurance and drivers'

licenses."

MOST VIEWED

  • Proof giants walked among us humans?

    For years a debate has waged about whether certain bas relief carvings at the 12th-century To Prohm Temple, one of the most popular attractions at the Angkor Wat Temple Complex in Siem Reap province, depicted dinosaurs or some rather less exotic and more contemporary animal,

  • 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

  • Long way to go before Cambodia gets a ‘smart city’

    Phnom Penh, Siem Reap and Battambang will struggle to attain smart city status without adopting far reaching master plans, according to officials tasked with implementing the program. The brainchild of the Association of Southeast Asian Nations (Asean), the smart city program seeks to link up

  • Japan bank buys major stake in ANZ Royal Bank

    Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group. Japan's JTrust Bank, announced that they had acquired a 55% of stake in ANZ Royal Bank. According to a Royal Group