Logo of Phnom Penh Post newspaper Phnom Penh Post - Svay Chrum bridges could spur further development



Svay Chrum bridges could spur further development

A ferry leaving the Svay Chrum village where two new bridges have been pegged for development.
A ferry leaving the Svay Chrum village where two new bridges have been pegged for development.

Svay Chrum bridges could spur further development

The government has announced plans to construct two bridges to link the Svay Chrum and Areyksat villages to mainland Phnom Penh which could boost land prices as well as spur on additional development. However, details concerning a construction timeframe remain unclear.

Following the announcement last week of the proposed new bridges, Svay Chrum’s commune chief, Hun Koy, told Post Property earlier this week that no news has yet been given regarding the proposed kick off timeline for construction.

Similarly, Va Simsorya, spokesman for Ministry of Public Works and Transport, said it is not yet known when the bridge development project will begin construction as the government has only just reached out to China for financial aid to fund the project.

Koy added that many residents within Svay Chrum village had already started selling off their land to investors following news of the impending construction.

“Almost all of the rice fields and dry season rice fields have been sold. All that remain are residential land properties; nevertheless, the residents will continue to be happy as long as they have their bridges,” he said.

He added, “The people in my village were overjoyed when they heard the news regarding the bridge projects, in which they hope will begin construction soon.”

According to Koy, land values in the area of Svay Chrum and around nearby Areyksat village that are adjacent to the river bank cost from $250 to $300 per square metre while land further back costs $50 to $100 per square metre.

While the initial planning and research process for the project have been completed, Simsorya was unsure what the capital cost of the project totalled.

Simsorya said the bridge would be connected to the planned 160-kilometre expressway extending from Areyksat, which is currently under investigation by Japan International Cooperation Agency (JICA).

Bridge number one will start in the Kdey Ta Kdoy area, along National Road 1, heading towards Areyksat village while the second bridge will start in the Chroy Changvar area and end in the Svay Chrom village in Kandal.

Thida Ann, associate director of CBRE Cambodia, said it was possible that the development of the bridges would provide an impetus for further development, but added that it was probably going to take another five to 10 years after the bridges are completed for that to happen.

She continued, “The land value in this area has increased, but if you develop residential housing on this land, the land value will not exceed $200 per metre square.”

“Demanding an overly expensive price renders the property unsellable; it would also be an obstacle to developers.”

MOST VIEWED

  • Kingdom's Covid cluster cases jump to 194

    The Ministry of Health on February 25 confirmed 65 new cases of Covid-19, with 58 linked to the February 20 community transmission. The latest cluster cases include nine Vietnamese nationals, five Cambodians, one each from Korea, Singapore and Japan, with the rest being Chinese. This brings the total number

  • Locations shut, dozens more Covid-19 positive

    The Ministry of Health has closed 23 locations in connection with the February 20 community transmission of Covid-19 and summoned for testing anyone who had direct contact with affected people and places. The number of discovered related infections has risen to 76, including 39 women. In a press release,

  • Cambodia's Covid cluster cases rise to 137

    The Ministry of Health on February 24 recorded 40 more cases of Covid-19, with 38 linked to the February 20 community transmission. Of the 40, two are imported cases involving Chinese passengers. The 38 include two Vietnamese nationals and one Cambodian, with the rest being Chinese. This brings the total cases

  • Covid cluster raises alarm, health bodies urge vigilance

    The Ministry of Health and the World Health Organisation (WHO) in Cambodia have expressed great concern over the February 20 cluster transmission of Covid-19 in the community. Both entities appealed for vigilance and cooperation in curbing further spread of the virus. Ministry spokeswoman Or Vandine said

  • PM confirms third Covid-19 community transmission

    Prime Minister Hun Sen on February 20 announced the Kingdom's third outbreak of Covid-19 community transmission after 32 people tested positive in just over 10 hours. Addressing the public from his residence after an emergency meeting, Hun Sen said: "I dub it February 20 Community Event, in which 32 cases

  • Cambodia to make auto-rickshaws

    Locally-assembled electric auto-rickshaws could hit the Cambodian market as soon as early in May after the Council for the Development of Cambodia (CDC) gave the greenlight to an investment project at the weekend. According to a CDC press release, it will issue a final registration