Two companies have revealed their investment plan to build expressways from Phnom Penh, the capital city of Cambodia, to the border of Laos and Thailand, according to a local media report.
The two companies � Globalcam, a local company and Mahdi Holdings Investment, a Malaysia-based company � signed a Memorandum of Understanding yesterday.
Mr. Thlang Vuthy, Project Manager of Globalcam said the construction of an expressway from Phnom Penh to the Lao border with a total length of 522 kilometres would start at the end of this year and cost some US$5 billion.
This is one of the six expressway projects whose feasibility studies have already been completed, he underlined.
Besides, the expressway from Phnom Penh to the border with Thailand was also planned, said Mr. Anuwar HJ Parman, Executive Vice President of Mahdi Holdings Investment.
Ministry of Public Works and Transport's Spokesperson Mr. Va Sim Soriya said the ministry has so far authorised some companies to conduct feasibility studies on the construction of expressways from Phnom Penh to Laos, Thailand and Siem Reap.
According to Cambodia's Expressway Master Plan, by 2020, Cambodia needs about 850 kilometres of expressway, which would cost some US$9 billion, and by 2040 the country needs an investment capital of around US$26 billion to build 2,230 kilometre-long expressway.
Source: Agency Kampuchea Press