Cambodian PM: Infrastructure, Transport and Logistics Are Key for Industrial Development

Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen has underlined that infrastructure, transport and logistics are key to achieving the goals of the Industrial Development Policy (IDP) and national socio-economic development.

The remarks were made at the opening ceremony of the 2016 Cambodia Outlook Conference held in Phnom Penh this morning under the theme "Getting Things Moving - Regional and National Infrastructure and Logistics for Connectivity, Growth and Development."

The IDP 2015-2025, which focuses on Market Orientation and Enabling Environment for Industrial Development, was adopted by the Royal Government of Cambodia in March 2015, said Samdech Techo Hun Sen.

The policy embraces 4 key strategies: reducing the price of electricity and increasing power supply coverage for industrial and agricultural sectors to promote business confidence, productivity and investment; developing transport and logistics infrastructure across Cambodia but especially along three prioritized transport routes essential for industrial development, connectivity, competitiveness and private sector needs - Phnom Penh to Sihanoukville, Phnom Penh to Bavet, and Phnom Penh to Poipet; developing a mechanism to strengthen labour market and technical skills to ensure adequate labour supply and improved productivity; and transforming Sihanoukville into a multipurpose special economic zone and future green industrial development zone for ASEAN, he pointed out.

Samdech Techo Hun Sen affirmed that Cambodia has been striving to develop and implement master plan on transport and logistics in close consultation with the private sector and its peak bodies in these key sub-sectors - infrastructure, finance, transport and logistics together with trade and tourism.

"We have witnessed a remarkable progress in the development of both hard and soft infrastructure, logistics and broader connectivity over the past two decades. These include the restoration, maintenance and building of national roads, bridges, railways, seaports, river ports, water ways, airports, telecommunication and internet network, border facilities for processing cross-border movement of goods and people and so on," said the Cambodian premier.

According to Samdech Techo Hun Sen, Cambodia achieved a remarkable improvement in its ranking in the World Bank's Logistics Performance Index, rising 46 places between 2010 and 2014. This is a testimony to the concerted effort of the government and key agencies and the dynamism of the private sector in the transport and logistics industry.

Source: AKP