ana-air canadia-bank Silk-air nissan acleda cab-bank

Malaysian company asked to invest in local infrastructure

Chea Vannak / Khmer Times No Comments Share:
(Xinhua/Sovannara)

The Ministry of Public Works and Transport has asked a Malaysian firm to consider investing in local infrastructure, a sector considered critical to advance the Kingdom’s economic growth.

In a meeting last week, Minister of Transport Sun Chanthol asked representatives of Malaysia-based Rafulin Holdings Sdn Bhd to consider investments in Cambodia’s infrastructure development.

Mr Chanthol noted that although a significant number of infrastructure projects are breaking ground across the country – including roads, bridges and railway lines – more needs to be done to improve transportation in the country.

“To reduce traffic congestion in the capital city, the ministry is considering the possibility of building an automated guideway transit, a monorail or a metro as well as building satellite roads,” Mr Chanthol said.

According to the ministry, Rafulin Holdings expressed interest in investing in Cambodia.

On Sunday, Prime Minister Hun Sen wrote in his official Facebook page that a significant number of roads and bridges have been built in the Kingdom in recent years, improving the transportation of people and goods in the country.

“Small and big roads and bridges have been built or reformed to make transportation more efficient and help businesspeople, both local and foreigner, save time in their daily commutes. Better roads and bridges also help Cambodian exports. Cambodia is producing an increasing number of agricultural goods and manufacturing more and more products for export,” Mr Hun Sen wrote.

Sin Chanthy, president of the Cambodia Freight Forwarders Association, said the need for better transportation networks increases as trade flourishes in the country.

“More and better roads help reduce the cost of transportation, save people time and help avoid traffic accidents,” Mr Chanthy said.

Cambodia is building a $1.9-billion expressway linking Phnom Penh to Sihanoukville, scheduled to be completed by 2022.

Related Posts

Previous Article

Indonesia trade event attracts 70 firms

Next Article

Vietnam funded border market to begin trade