Ross Kelly
Dow Jones Newswires
TOLL Holdings has signed an agreement with Cambodia to operate the nation's railways under a 30-year concession.
Under the agreement, announced today by Toll, a joint venture between Toll, with a 55 per cent stake, and Cambodian conglomerate Royal Group, with a 45 per cent stake, would operate the rail network and related freight logistics.
The agreement is conditional on final confirmation of investment by "the international community" of $US145 million ($176.8m), Toll said.
Toll already has an oil and gas logistics operation in Cambodia.
Under the agreement, announced today by Toll, a joint venture between Toll, with a 55 per cent stake, and Cambodian conglomerate Royal Group, with a 45 per cent stake, would operate the rail network and related freight logistics.
The agreement is conditional on final confirmation of investment by "the international community" of $US145 million ($176.8m), Toll said.
Toll already has an oil and gas logistics operation in Cambodia.
6 comments:
I smell strong job creation for the Cambodian people. Thank you PM.
PPU
Let's Make Party, PPU, for our Cambodia country....Thank PM
Khmer
2:31 PM
Thank you, sir, for your contribution. And thank you for the PM.
PPU
The above 3 comments are from the same animal...ah kwack's DOG,that is.
You such an idiot , Nothing to do with PM , Royal Group ( Kit Meng ) is the one who contact TOLL to run railway system but let's see
don't wait too long, please get started soon. cambodia needs to have all of our railway system modernized and up and running again like the rest of the world. right now, the railway system is probably the slowest in the world, we need to change that by modernizing all of our infrastructure. god bless cambodia.
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