Cambodia has unveiled an ambitious plan to seek $30 billion in investment funds for 150 prioritized infrastructure development projects between 2022 and 2030. Minister of Public Works and Transport, Sun Chanthol, revealed the details during a recent launching event for a project aimed at enhancing regional freight connectivity for Southeast Asia.
The Cambodian government has identified the development of freight infrastructure and connectivity as a key strategy to boost the national economy. The proposed projects encompass various sectors, including maritime, rail, and road transportation, aiming to transform Cambodia’s infrastructure landscape significantly.
One of the most prominent projects outlined by Chanthol is the development of the Bassac River Navigation and Logistics System. This ambitious initiative seeks to establish a waterway link between the Bassac River in the capital Phnom Penh and the sea in the southwestern provinces of Kampot and Kep. Additionally, the plan includes the expansion of the deep-water Sihanoukville Autonomous Port in southwestern Sihanoukville, further enhancing Cambodia’s maritime capabilities.
The kingdom also looks to expand its road infrastructure, with the construction of the second expressway connecting Phnom Penh with Svay Rieng province’s Bavet City, which lies on the border with Vietnam. This expressway is scheduled to commence on June 7, 2023. Furthermore, studies are underway to assess the feasibility of developing a third expressway, which would connect Phnom Penh to Siem Reap province, home to the world-renowned Angkor Archeological Park.
Cambodia’s rail infrastructure is set to receive significant upgrades as well. The plan includes the modernization of the existing northern Phnom Penh-Poipet 382-km railway, transforming it into the kingdom’s first high-speed rail system. This project alone is expected to cost more than $4 billion.
Minister Chanthol emphasized that these mega-infrastructure projects would provide substantial economic benefits to Cambodia in the long run. The successful implementation of these projects would not only boost the national economy but also elevate Cambodia’s standing in the region, promoting further cooperation and integration within Southeast Asia.
The scale of Cambodia’s infrastructure development plan reflects the country’s commitment to a brighter future. As investors and stakeholders closely watch the progress of these projects, it is clear that Cambodia’s aspirations have the potential to reshape its economic landscape and serve as a catalyst for regional growth.