The China Railway Corporation is conducting a feasibility study on the construction of an expressway linking the capital with Bavet, in the border with Vietnam, according to the Ministry of Public Works and Transport.
The study will take eight months to complete, Minister of Public Works Sun Chanthol said last week.
He said the ministry and the company have signed an agreement on the study recently.
This will be the second study on an expressway between Phnom Penh and Svay Rieng province’s Bavet. The first one was conducted by Japan International Cooperation Agency (JICA).
The recently-announced study will look further into whether the project is feasible and cost-effective. It will be submitted to the government who will use it to decide whether or not to allow the investment, Mr Chanthol said on Friday during a visit to the Bavet International Border Gate.
“Under the recently signed framework agreement, the company will take 8 months to conduct the study and submit a report to the government.
“If the investment is deemed feasible, the next step will be to negotiate a concession with the company,” Mr Chanthol said.
JICA’s study showed the project would cost more than $2 billion.
According to that report, the expressway would be 135 kilometres long, running through Phnom Penh, Kandal, Prey Veng, and Svay Rieng until the border gate in Bavet.
The China Railway Corporation announced its interest to invest in the project earlier this year.
On Thursday, Minister Chanthol said Cambodia and Vietnam had agreed to work together to connect both countries through an expressway linking Phnom Penh and Ho Chi Minh City.
Sin Chanthy, president of the Cambodia Freight Forwarders Association, told Khmer Times the expressway would significantly improve transportation in the Kingdom.
“It would enhance efficiency in the transportation of goods,” he said.
The country’s first expressway, linking Phnom Penh and Sihanoukville, is currently under construction.