Logo of Phnom Penh Post newspaper Phnom Penh Post - Port waits for loan nod

Port waits for loan nod

Port waits for loan nod

Sihanoukville Port director Ma Sun Hout says he hopes a 4.3 billion yen loan agreement

will be signed by the Cambodian and Japanese governments in late August.

The loan (the second of its kind), for expansion of the port to cope with rapid growth

in container traffic, and development of an adjacent special economic industrial

zone, was approved by Japan in December and requires an exchange of notes between

the two governments.

"In the meantime, we [Cambodian government and port authority] will select a

consultant to prepare tender documents, and international competitive bidding will

be invited in early 2005," he said.

A law and regulations to create the special economic zone is still in draft form

and is yet to be considered by the National Assembly. This essentially provides tax-free

benefits for new industries and capital investors in the zone.

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