By Kong Soriya
PHNOM PENH, China Road and Bridge Corporation CRBC recently announced a plan to invest the Phonm Penh-Bavet expressway’s construction as the company is underway to build the Phnom Penh-Sihaknouk Ville expressway very soon.
During a courtesy meeting with Samdach Techo Hun Sen, Cambodia Prime Minister who is now paying a visit in China, on the 21st January 2019 the CRBC representatives stated a plan to build an expressway connecting between Phnom Penh city to Cambodia-Vietnam’s border, Bavet and the national road 15-51 which are to connect Koh Kong, Pursat and Battambang province.
The CRBC’s representatives made the reports to Samdach Techo Hun Sen about their investment projects updated in Cambodia and as well their future operation plan. Representatives said that up to present CRBC has contributed a lot works in roads and bridges project in the country and plan to start the Phnom Penh-Sihaknouk Ville expressway which been scheduled the groundbreaking very near future.
Bavet city has been listed in the Industrial Development Master Plan by the government Industrial Development Policy 2015-2025, which is significant attracting many investments includes total 10 special economic zones and 2 urban cities such as Empire World and Heng Heng city. There is more foreign investment to the Bavet city, but mostly investor is Chinese.
An international real estate expert Mr. Sorm “Andy” Kev Malida, vice president of the Cambodia Real Estate Association (CREA) said Bavet city is now in the same place where Sihanouk Ville was 2 or 3 years ago. Bavet city is getting attractive to more investors and local investors gradually and as for the price land is now fairly affordable, in 2 or 3 years the land price will jump high as Sihanouk Ville and Poi Pet as now.
He adds the Empire World’s 1150 hectare urban city investment will attract national and international investors about 200 to 250 thousand by 2025.”Bavet city has great geography, in the middle road connecting between Phnom Penh city and Ho Chi Minh city, Vietnam, nearby the China mega project, One Belt One Road and city is also under the government development master plan.”
Mr. Sorm Kev Malida also said that with clear development plans, the government has prepared the development master plan and land plan, industrial zones, agricultural, residential, commercial centers, public parks, and special economic zones.