The Ministry of Environment on Wednesday approved the environmental impact assessment for a new special economic zone in Kandal province.
For in depth analysis of Cambodian Business, visit Capital Cambodia
Plans to build Suvannaphum SEZ, which will be located 46 kilometres away from Phnom Penh, can continue after the EIA for the project was approved by officials at the Ministry of Environment.
“The Ministry supports this project because it will create jobs and further economic growth by attracting more investors to Cambodia,” the ministry said in a statement.
The ministry asked the zone developers to pay special attention to waste management to reduce the project’s environmental impact.
In 2013, Suvannaphum Investment, a subsidiary of Thailand’s TCC Group, received approval from the Council for the Development of Cambodia to build the SEZ.
The company, which was established in 2008 to operate a 10 MW power plant, says the SEZ will provide ready-built, high-quality factories that manufacturers can lease.
According to the company’s website, a management team composed of Thai and Cambodian experts will assist companies in the SEZ obtaining necessary permits and licenses, clearing customs, and recruiting staff, among other tasks.
The SEZ will be located 12 km east of Phnom Penh Autonomous Port.
There are 19 SEZ in Cambodia. About 94,000 Cambodians work in these industrial parks.
The total value of Cambodian exports last year equalled $12,120 million of which $1,884 million correspond to goods produced at SEZs.