Cambodia begins construction of $1.5-billion deep seaport
Cambodia has officially started the construction of a multi-purpose deep seaport in its southern Kampot province on May 5 after the project was delayed by about two-years due to the Covid-19 pandemic.
The port will cost a total of $1.5 billion and enhance the country’s logistics and transportation sector, Cambodia’s Deputy Prime Minister Chea Sophara said at the groundbreaking ceremony in the city of Bokor.
The investment comes from local company Kampot Logistics and Port and the construction is undertaken by China’s Shanghai Construction Group and the China Road and Bridge Corporation, Sophara said.
“This multi-purpose port will be a new international gateway to facilitate Cambodia’s trade with other countries and will significantly contribute to boosting our economic growth,” he noted.
Including free economic zone
The port will span over a total area of 600 hectares, have a depth of 15 meters will be able to accommodate vessels with a tonnage of up to 100,000. It will include a container terminal, a special economic zone, a free trade area, a logistics hub, an oil refinery, various logistic facilities and warehouses and a terminal for tourist vessels.
Construction will be done in phases over 15 years, Cambodia’s transport minister Sun Chanthol said, noting that the first phase from 2022 to 2025 is expected to cost $200 million. He did not elaborate on whether the Chinese project partners are contributing to the investment or whether they are granting loans for the port construction.
Up to 10,000 new jobs
The port will be capable of handling 300,000 twenty-foot equivalent container units by 2025 and up to 600,000 units by 2030, Chanthol said, adding that the port will create some 10,000 direct and indirect jobs when in operation.
According to the transport minister, it will be the third-largest port in the country after Sihanoukville Autonomous Port and Phnom Penh Autonomous Port.
Cambodia has officially started the construction of a multi-purpose deep seaport in its southern Kampot province on May 5 after the project was delayed by about two-years due to the Covid-19 pandemic. The port will cost a total of $1.5 billion and enhance the country’s logistics and transportation sector, Cambodia’s Deputy Prime Minister Chea Sophara said at the groundbreaking ceremony in the city of Bokor. The investment comes from local company Kampot Logistics and Port and the construction is undertaken by China’s Shanghai Construction Group and the China Road and Bridge Corporation, Sophara said. “This multi-purpose port will be a...
Cambodia has officially started the construction of a multi-purpose deep seaport in its southern Kampot province on May 5 after the project was delayed by about two-years due to the Covid-19 pandemic.
The port will cost a total of $1.5 billion and enhance the country’s logistics and transportation sector, Cambodia’s Deputy Prime Minister Chea Sophara said at the groundbreaking ceremony in the city of Bokor.
The investment comes from local company Kampot Logistics and Port and the construction is undertaken by China’s Shanghai Construction Group and the China Road and Bridge Corporation, Sophara said.
“This multi-purpose port will be a new international gateway to facilitate Cambodia’s trade with other countries and will significantly contribute to boosting our economic growth,” he noted.
Including free economic zone
The port will span over a total area of 600 hectares, have a depth of 15 meters will be able to accommodate vessels with a tonnage of up to 100,000. It will include a container terminal, a special economic zone, a free trade area, a logistics hub, an oil refinery, various logistic facilities and warehouses and a terminal for tourist vessels.
Construction will be done in phases over 15 years, Cambodia’s transport minister Sun Chanthol said, noting that the first phase from 2022 to 2025 is expected to cost $200 million. He did not elaborate on whether the Chinese project partners are contributing to the investment or whether they are granting loans for the port construction.
Up to 10,000 new jobs
The port will be capable of handling 300,000 twenty-foot equivalent container units by 2025 and up to 600,000 units by 2030, Chanthol said, adding that the port will create some 10,000 direct and indirect jobs when in operation.
According to the transport minister, it will be the third-largest port in the country after Sihanoukville Autonomous Port and Phnom Penh Autonomous Port.
