Cambodia To Finalise the Concession Agreement on First Expressway

Cambodian Ministry of Public Works and Transport and other stakeholders will finalise the concession agreement for its first expressway soon, said the ministry’s news release on Thursday last week.

On July 28, 2016, H.E. Sun Chanthol, Senior Minister and Minister of Public Works and Transport; H.E. Sok Chenda Sophea, Minister Attached to the Prime Minister and Secretary General of the Council for the Development of Cambodia; H.E. Vongsey Vissoth, Secretary of State at the Ministry of Economy and Finance, as well as members of the Expressway Committee, held a discussion on the results of the Phnom Penh-Sihanoukville Expressway study, reviewing the concession agreement prepared by Ernst and Young, who acts as the consulting firm for the Expressway project study.

In the meeting, H.E. Sun Chanthol urged Ernst and Young to work more with the RGC’s advisors on the draft concession agreement with consideration of further comments from the meeting, taking into account the risks and benefits involved in moving this project forward for the citizens of Cambodia.

The Phnom Penh-Preah Sihanouk expressway construction project is aimed to facilitate goods transportation from the capital to the international seaport.

The estimated 190-kilometer-long and 25-meter-wide expressway would be built with an investment capital of some US$1.6 billion.

According to Cambodia’s Expressway Master Plan, by 2020, Cambodia needs expressways of 850 kilometers long in total which would cost some US$9 billion, and by 2040 the country needs an investment capital of about US$26 billion to build 2,230 kilometer-long expressway.

Source: Agence Kampuchea Press