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

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • Kingdom accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • Quarantine site in north Phnom Penh inaugurated

    A four-building quarantine centre in Phnom Penh’s Prek Pnov district was formally inaugurated on January 6. The centre can house up to 500 people, according to Phnom Penh municipal governor Khuong Sreng. At the inauguration ceremony, Sreng said the municipal hall had cooperated with the Ministry

  • ‘Beware of WhatsApp fraudsters’

    The Ministry of Posts and Telecommunications warned members of the public who use WhatsApp to vigilantly guard against a new trick employed by hackers that involves the use of six-digit codes sent to potential victims via the popular messaging app. The ministry said hackers could