Real estate insiders are optimistic that this week’s ground-breaking ceremony for the construction of a concrete bridge on National Road 5 will be the start of speculators pushing up property prices.
Construction of a new bridge over the Tonle Sap river begins under Overseas Cambodia Investment Corporation.
The government will take over management of a bridge built over the Tonle Sap River by the firm belonging tycoon senator Ly Yong Phat.
The Overseas Cambodia Investment Corporation will spend $35 million to build a concrete bridge across the Tonle Sap River from Russey Keo to Chroy Changvar.
Parts of National Road 5 are inundated by floods, with one bridge under threat of damage.