Construction of the 133-storey, $2 billion Thai Boon Rong Twin Towers in the heart of Phnom Penh, which was due to start early this month, is running behind schedule.
An architect with the project said a comprehensive plan has not yet been finalised.
The Thai Boon Roong Twin Tower Trade Center is to be jointly developed by local firm Thai Boon Roong and Chinese contractor Kia Nip Group at a cost estimated at more than $2 billion.
It will be set on five hectares of land in the heart of Phnom Pen opposite the NagaWorld Casino along the Mekong River.
Tous Saphoeun, a co-architect of the project who could not be reached by Khmer Times but was quoted by the Koh Santepheap newspaper yesterday, said construction of the project had not started because the six technical working groups on the project were still trying to complete the plan for the whole project.
“The legal aspects, the technical layout we have got. What’s important is that the technical work needs to be improved and finished almost 100 percent,” he was quoted as saying.
“For the technical plan and legal aspect, we already complied with it. But what is important is for us is on the improvement of some technical work which is almost completely done 100 percent.”
However, he did not reveal the exact date for construction to start. He also claimed the company did not have any problems with the funding of the project.
On July 26, Mr. Saphoeun wrote on his Facebook page that he had meetings with many companies about the project – CGD-Creative Green Design, A&A-International Design Group, USA and STRABALA-Architects LLC are studying the interior design, while SGI-SARDINI Group Inc are studying structural designs and WSP- PARSONS BRINCKERHOFF are studying the lighting and drainage systems of the building.
“Today, we had a full-day meeting with architects, engineers from China, France and the United States, well-known joint venture project partners for the 133-storey ‘Thai Boon Rong Business Center’ project,” he wrote.
“The meeting was to reach a compromise on the study of the whole project of the technical construction plan to provide a modern, safe and high technology environment for the people living in this building,” he added.
Dith Channa, the CEO of Lucky Realty, said the project would help the property sector a lot if the project goes ahead.
“It would help boost land prices around the area and attract big investors – more from overseas as well as tourists – to come to see the change,” said Mr. Channa.
“If the project truly pops up in Phnom Penh, it will have no risk because with such a big project the developer will study about the supply and demand before they put up their investment capital,” he added.
According to Mr. Saphoeun, the twin towers will feature mixed services such as supermarkets, office buildings, five-star apartments, a six-star hotel, luxury condominiums, fitness services, massage parlors, international restaurants and the best views of Phnom Penh.
Early this year, TBR signed a $2.7 billion contract with the Wuhan-based Wuchang Shipbuilding Industry Group and the Macao-based Sun Kian Ip Holding to build the TBR Twin Tower World Trade Center.
Based on the contract, Wuchang Shipbuilding Industry Group will undertake the construction of the skyscrapers along with Sino Great Wall Engineering.