The quiet town of Kampot is ready to open up to the international market, with a new $1.5 billion port under construction. The construction of the Kampot Logistics and Multipurpose Port, which will occupy more than 600 hectares of land, has just begun. The Kampot Logistics and Port Firm Limited, a Cambodian company established in the province, is investing in the new port.
The plan’s first phase will require approximately $200 million in funding. Container fields, special economic zones, free trade zones, logistics centers, warehouses, customs, and manufacturing units are all included in this phase. In this phase, fuel refineries and energy distribution infrastructure will be built. The usage of ferries going for Phnom Penh is also being considered as a means of quickly transporting cargo, workers, and tourists.
The multi-purpose port’s location has a sea depth of roughly 15 meters and can accommodate ships weighing up to 100,000 tonnes. By 2025, the port will be fully operational, with a capacity of 300,000 TEUs and a capacity of 600,000 TEUs by 2030. The first phase, according to company projections, will take around 18 months to complete.
Because of its logistics and port functions, the location in Kampot was chosen strategically. By Koh Thmey, Koh Ses, and Koh Tral, the area is covered from natural calamities such as typhoons.
The Kampot Logistics and Multipurpose Port is one of the country’s first large-scale projects. It will greatly contribute to Cambodia’s growing economic and social development once it is completed, by providing a third port in addition to the Sihanoukville Autonomous Port and the Phnom Penh Autonomous Port.
The massive development is expected to generate 10,000 employment and make Kampot more economically significant.
Source: Khmer Times