
Phnom Penh: Cambodian-Chinese Agreement to Bring on Metered Cabs Services
Phnom Penh, November 12, 2007
AKP
The Municipality of Phnom Penh and Chinese company Global (Cambodia) Trade Development Co. Ltd, concluded an agreement on metered taxis services in Phnom Penh on November 6.
Nhem Sarorn, chief of Phnom Penh public works service, and Chinese Company President Hu Guang Xi signed the 20-year agreement to bring 300 cabs to Phnom Penh streets over the next five years.
Governor Kep Chuktema, who presided over the signing ceremony, said the company would provide a high quality service.
For the first step, 60 taxis will be operating in the capital by early next year, according to an official of the Phnom Penh Municipality. Three years after, the number of taxis will be increased to 100, and five year later to 300, he added.
Under the terms of the deal, the company is to invest six million U.S. dollars in taxi transportation, said Kep Chuktema.
The company hoped to employ from 700 or 1,000 people and felt that serving Phnom Penh was an enticing prospect, said Chinese company president Hu Guang Xi.
Nhem Sarorn, chief of Phnom Penh public works service, and Chinese Company President Hu Guang Xi signed the 20-year agreement to bring 300 cabs to Phnom Penh streets over the next five years.
Governor Kep Chuktema, who presided over the signing ceremony, said the company would provide a high quality service.
For the first step, 60 taxis will be operating in the capital by early next year, according to an official of the Phnom Penh Municipality. Three years after, the number of taxis will be increased to 100, and five year later to 300, he added.
Under the terms of the deal, the company is to invest six million U.S. dollars in taxi transportation, said Kep Chuktema.
The company hoped to employ from 700 or 1,000 people and felt that serving Phnom Penh was an enticing prospect, said Chinese company president Hu Guang Xi.