Kampot (FN), May 5 – A new international deep sea port in Kampot province began its construction with a capital investment of USD 1.5 billion. Located on an area of up to 600 hectares, Kampot deep sea port is expected to be a major artery for Cambodia's maritime transport.
The groundbreaking ceremony of the new international deep sea port held on Thursday (5 May) under the chairmanship of the minister of Cambodian land management, urban planning and construction Chea Sophara and the minister of Cambodian public works and transport Sun Chanthol.
The port named "Kampot Logistics Centre and Multipurpose Port" is invested by Kampot Logistics and Port Company Limited. This port is located in Bokor City, Kampot Province.
“This investment area is high potential for logistics centers and multi-purpose ports, which is rich in natural advantages such as deep-sea area and less affected by natural disasters. More importantly, this company already built a waterway transport,” Cambodian public works and transport minister Sun Chanthol said.
Chanthol raised the favorable conditions of the port location as it is located in an area that is suitable for connecting water, land and rail transportation systems to Phnom Penh and other provinces through National Road No. 3, National Road No. 41, National Road No. 4, Phnom Penh-Sihanoukville Expressway, National Road No. 48 and connecting the southern railway to the northern of the country.
The minister continued, this giant investment project has three phases with a total investment capital of about USD 1.5 billion, while approximately USD 200 million has been spent for the first phase.
Sun Chanthol added, the project will include: container fields, special economic zones, free trade zones, logistics centers, all types of warehouses, customs warehouses, manufacturing and distribution plants, refineries and fuel centers, residential areas and tourist ferries, as well as ferries station that connect to the Phnom Penh Autonomous Port in case the Royal Government develops road, navigation projects and Tonle Bassac Logistics system.
In addition, the location of the multi-purpose port has a water depth of about 15 meters with a capacity to dock up to 100,000-ton ship. The multi-purpose port will have the capacity to stock import-export products of about 300,000 TEU in 2025 and about 600,000 TEUs by 2030.
This investment project will play an important role in sending import-export goods to the international market, which will bring convenience and high efficiency for traders and investors in exporting agricultural, industrial and fishery products to regional and global markets.
In addition, this project will also contribute to the development of the logistics and port sector in the kingdom, which help improve the citizens’ living standards and the development of the national economy to achieve the expected economic growth, especially to help the Royal Government to achieve goal of upgrading from an upper middle-income country by 2030 to a high-income country by 2050.
Chea Sophara considered "Kampot Logistics Center and Multipurpose Port" as the opening of a new page in the history of Cambodia and the Kampot province itself. He considered the project to be the first large international project under the investment of a local private company that meet the requirement of economic and social development, although Cambodia has two major national ports, namely Sihanoukville Autonomous Port and Phnom Penh Autonomous Port.
"We hope that the Kampot Multipurpose Logistics and Port Development Investment Project will enhance Cambodia's logistics and port services to be more diverse and competitive with neighboring ports,” Chea Sophara underlined.
Mr. Rithiya Eng, [05-May-22 12:32 PM]
The minister added, the Royal Government of Cambodia is preparing the "Master Plan for Sihanoukville Multi-Purpose Special Economic Zone", which has set out in the Cambodian Industrial Development Policy 2015-2025. Therefore, the Kampot Logistics and Port Development and Investment Development Project will also play an important role in contributing to the successful implementation of the master plan, which will help turn Cambodia into an upper middle-income country by 2030 to a high-income country by 2050.
The minister continued, the investment project for the development of Kampot Logistics and Port Center will provide direct and indirect employment opportunities to about 10,000 people when the investment project is completed and put into operation in the near future.
“The Kampot Logistics and Port Investment Project, and Kampot Port will also actively contribute to the implementation of the "Master Plan on Multipurpose Transport and Logistics Connectivity". In addition, this investment project will also help meet the coastal development goals of the National Committee for Coastal Management and Development of Cambodia,” Chea Sophara added.
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