CDC clears close to $2 billion investments in four projects

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/asean-plus/30347865

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CDC clears close to $2 billion investments in four projects

ASEAN+ June 16, 2018 01:00

By THE PHNOM PENH POST
ASIA NEWS NETWORK
PHNOM PENH

THE COUNCIL for the Development of Cambodia (CDC), the government body in charge of approving large-scale investments, announced that it had approved four projects with a combined total capital investment of nearly $2 billion.

It said the four projects would create 11,193 jobs.

Announcing the matter on its Facebook page, the CDC said it had approved the investment of Cambodian PPSHV Expressway Co – a $1.87 billion plan to construct an expressway from the capital to Sihanoukville.

The second project, with an investment of about $11.93 million, was from Capital Mineral Resources Investment’s scheme to establish a marble processing plant.

The CDC also gave the green light to Royal CERA Co Ltd to move forward on a $15.36 million proposal to fabricate tiles and latrines.

An investment licence was similarly approved for Tropical Fruit Asia (Cambodia), which will expand $6.47 million to establish a fruit processing factory.

In March, the CDC reported that investment in Cambodia nearly doubled to $6.3 billion last year, up from $3.6 billion in the previous year.

China, it said, surpassed Cambodia itself in 2016 as the largest source of investment in the Kingdom.

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