A South Korean construction company has unveiled plans to construct a skyscraper and new cities in Phnom Penh and Sihanoukville, local newspaper on Wednesday quoted an advisor to Prime Minister Hun Sen as saying.
Kevin Kab Ryal Kim, executive director of GS Engineering and Construction, told Hun Sen of the projects during a meeting in Phnom Penh on Tuesday at the premier's residence in Kandal province's Ta Khmao district, according to Cambodian-language newspaper the Kampuchea Thmey.
Sry Thamrong, advisor to Hun Sen, said that the firm will begin constructing a 53-storey international financial building in mid-2008 on nearly seven hectares of land near the Russian Embassy in Phnom Penh's Tonle Bassac commune and the construction is scheduled to be completed in 2012.
In the building, there will be supermarkets, shops, offices, schools, and apartments able to accommodate around 10,000 people, said the advisor, adding that the plan will create 3,000 jobs, reported another Cambodian-language newspaper the Rasmei Kampuchea.
Kevin Kab Ryal Kim said that his company also plans to construct a satellite city on 145 hectares of land on the outskirts on Phnom Penh alongside National Road 6, adding that another city with five-star hotels and an international airport will be built in Sihanoukville.
Hun Sen expressed support for the firm's projects and vowed to ask state institutions to ease the company's work, said the newspaper.
South Korea surpassed China in 2006 to become the largest foreign investor in Cambodia.
Source: Xinhua
Kevin Kab Ryal Kim, executive director of GS Engineering and Construction, told Hun Sen of the projects during a meeting in Phnom Penh on Tuesday at the premier's residence in Kandal province's Ta Khmao district, according to Cambodian-language newspaper the Kampuchea Thmey.
Sry Thamrong, advisor to Hun Sen, said that the firm will begin constructing a 53-storey international financial building in mid-2008 on nearly seven hectares of land near the Russian Embassy in Phnom Penh's Tonle Bassac commune and the construction is scheduled to be completed in 2012.
In the building, there will be supermarkets, shops, offices, schools, and apartments able to accommodate around 10,000 people, said the advisor, adding that the plan will create 3,000 jobs, reported another Cambodian-language newspaper the Rasmei Kampuchea.
Kevin Kab Ryal Kim said that his company also plans to construct a satellite city on 145 hectares of land on the outskirts on Phnom Penh alongside National Road 6, adding that another city with five-star hotels and an international airport will be built in Sihanoukville.
Hun Sen expressed support for the firm's projects and vowed to ask state institutions to ease the company's work, said the newspaper.
South Korea surpassed China in 2006 to become the largest foreign investor in Cambodia.
Source: Xinhua
8 comments:
Good news.
I hope there is going to be in place of exist route for emergency escape. and when it comes to that, help can be effective. otherwise people are cooked.
The project will provide more jobs for Khmer people. But is the project realistic? By building sky-scrapers and shops and expensive condos and thus providing jobs for about 10,000 people will not raise the majority of people from poverty. It sounds like a pipe-dream. How many such projects do the Koreans want to build? Camko City, and numerous others? They will find out soon enough there is a natural limit in country like Cambodia. The end will be skeleton ruins dotting the skyline of Phnom Penh and big losses for the Koreans. They should look to Thailand 10 years ago. The went through the exactly the same phase. First a huge building boom, then there were too many of those big buildings around, then came the big bust. But Hun Sen in his naivité believes all this and thinks how great he is for the country attracting this investment.
Hey 11"15PmM you sound so expertise, Whish the kerean hire you as an advisor!!1
Smart guy!!!!!!!!!!
what happens if the the civil unrest or war erupted before finishied building the building?
I can't wait to check on the statistic who will own the newly build condo or apartment in the new cities in Phnom Penh and Sihanoukville! I know already for most dirt poor Cambodian people who can afford less than one dollar to put food on the table will continue to live like monkey in the stick house with no security lock!
This is what you called AH HUN SEN affordable housing policy for his corrupted officials and his rich oversea clients!
Go!Go!mordern Xamboxia,people.down khmer,som-rea- people,that is not nice what khmer-rough people do to khmer educated people,now the world are chip in to help us!"ANANIKUM AMERICA RULES!"
Alright,Mr.Hun Sen what do you think about this project?, I believe this kind of project is important to our people and our country.
This project will provide more jobs for our khmer people and give our city for the next level for our new generation,But you are the leader NOW: you need to make the decision.
This is my Point Of View, Just the reminder I am not politician party, I am just a simple khmer person that love his people and his country.
This fucken project is only important for dirt poor Cambodian people when AH HUN SEN Vietcong slave mother fucker government give incentive for dirt poor Cambodian people to own a place called home!
For 30 years since AH HUN SEN Vietcong slave came to power and I have yet to see AH HUN SEN Vietcong slave affordable housing policy for million and million of dirt poor Cambodian people!
Let it be known that AH HUN SEN Vietcong slave can never be the Lee Kuan Yew of Cambodia!
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