Sunday, June 4, 2023
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home ASIA Cambodia

Cambodia government considering reducing public investment projects

August 6, 2021
in Business, Cambodia, National
0
Cambodia government considering reducing public investment projects
0
SHARES
26
VIEWS
Share on FacebookShare on Twitter

The Cambodian government is considering reducing the number of approved public investment projects in a budgetary move to preserve funds for use fighting against the Covid-19 pandemic.

Previously, the government reduced expenditures to the same purpose, as noted by Prime Minister Hun Sen in his speech for the launch of the under 18s vaccination campaign over the weekend.

Mr Hun Sen said, “In case of necessity, some approved infrastructure projects will be cut off.”

The Prime Minister did not mention which specific projects would be targeted for savings from the lists of public investment projects.

Last year, the Cambodian government approved a total of 629 public investment projects for 2021-2023. Of  these, 203 ongoing projects were costed  at $8.397 billion, with 426 new projects requiring capital of $4.399 billion.

Although the possibility of cancelling some public investment projects was discussed by the Prime Minister, he noted that since the outbreak of the pandemic, the main infrastructure projects of roads have not been paused or cancelled.

He added, “So far the government [has] continued constructing roads in Preah Sihanoukville which cost millions [as well as] roads in Siem Reap city [and] electricity transmission line projects. …the government continues to be strong in the development of the country.”

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: Cambodia governmentHun SenSiem Reap
Previous Post

Cambodia shifting to onshore oil and gold mining as offshore exploration stumbles

Next Post

Meet a pint-size US piano prodigy

Related Posts

Chinese tiremakers bet on recovery via new plants in Cambodia

Chinese tiremakers bet on recovery via new plants in Cambodia

by Khmer Times
May 30, 2023
0
2

Manufacturers in China, the world’s largest producer and exporter of tires, are building factories abroad in an optimistic mindset to...

Cambodia Mekong River cruise business ‘slowly’ getting back on track

Cambodia Mekong River cruise business ‘slowly’ getting back on track

by Khmer Times
May 30, 2023
0
0

Mekong River cruise business is getting back on track, but at a slow pace, according to a prominent player in...

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

by Khmer Times
May 30, 2023
0
3

South Korean eco-friendly electric two-wheel vehicle supplier Verywords Co Ltd inaugurated its plant to assemble electric scooters in Kandal province,...

Most Popular

2 Chinese tourists’ naked bodies found in Bali hotel

2 Chinese tourists’ naked bodies found in Bali hotel

May 6, 2023
221
Oriental Bank Plc, new commercial bank in Cambodia, to enter market ventured by G Capital Bhd, Public Bank Bhd, E S Packaging

Oriental Bank Plc, new commercial bank in Cambodia, to enter market ventured by G Capital Bhd, Public Bank Bhd, E S Packaging

December 12, 2020
3.6k
Harry takes a seat at coronation, but no balcony appearance

Harry takes a seat at coronation, but no balcony appearance

May 8, 2023
6
Dara Sakor International Airport in Koh Kong province of Cambodia delayed due to unfinished construction

Dara Sakor International Airport in Koh Kong province of Cambodia delayed due to unfinished construction

May 19, 2023
5
Upside down flags: SEA Games organiser apologises for gaffe in opening ceremony

Upside down flags: SEA Games organiser apologises for gaffe in opening ceremony

May 8, 2023
4
China urges Australia to help find crew of capsized fishing boat

China urges Australia to help find crew of capsized fishing boat

May 19, 2023
4

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!