Sihanoukville is an important city in Cambodia. The Cambodian government is now focusing on developing the infrastructure, roads, airports, etc. of the Sihanoukville to make it a significant pillar for economic development.
At present, Phnom Penh and Sihanoukville are the two major cities of Cambodia. These two cities play an important role in the economic development of the country. Real estate is an important part of any country’s economy. Real estate in Sihanoukville started booming after Chinese investment started coming in.
A few years ago, Sihanoukville used to be a silent coastal city of Cambodia. At that time, there were limited businesses. Things started to change when Chinese investors and Chinese tourists started coming to Sihanoukville. In fact, the majority of businesses and investments in the province are by Chinese people. Currently, more than 90% of businesses in Sihanoukville are Chinese-run. It includes all the businesses, starting from restaurants, bars, and casinos to massage parlors.
As we know, Phnom Penh is already a crowded and dirty city in Cambodia. A big chunk of the economic growth of the country is in the hands of Phnom Penh. Now, the Cambodian government is working on building another pillar for economic growth. Sihanoukville will work as a second pillar of the economy for Cambodia.
The government is already working on different projects in Sihanoukville. It includes projects like an airport, beaches, roads, and more.
Master Plan For Expressway
One of the most important master plan project going on in Sihanoukville is Phnom Penh – Sihanoukville Expressway. As we know, Phnom Penh and Sihanoukville are major pillars for the country’s economy, fastening the travel time between both the cities can be very helpful. The government said this expressway would create a great link between both the cities.
The construction of the expressway started in March 2019. This will be a $2 billion project, and the project will be funded by China. After the completion of the Phnom Penh – Sihanoukville Expressway, the time it takes to reach will reduce. Currently, it takes about five hours to reach from Sihanoukville to Phnom Penh and vice versa. After the completion of this expressway master plan project, it will take just two hours.
Master Plan For Beach
Another project going on for the development of Sihanoukville province is the beach. The authority is planning to establish a master plan to develop the beach in the province, especially Chumteav Mao or Madam Mao Beach.
Preah Sihanouk, provincial tourism director (Taing Sochet Krisna), said most bays in the city are jam due to which it can be a bit challenging to develop further.
Krisna also said, “We are studying the infrastructure such as roads, rest rooms, parking, parks and volley ball courts on the beach among other facilities. Once we finish the study, we will send the plan to the Preah Sihanouk Provincial Council, and the National Committee for Coastal Management and Development of the Cambodian coastal area (NCDD) to approve.”
Master Plan For Airport
The government of Cambodia has also developed a master plan for enhancing aviation. The project is developed to boost traffic growth for the next 20 years.
The airport development project will be divided into two-phase – Phase I and Phase II. The first phase of the project is focused on the construction of a second passenger terminal between 2020 and 2030. It will extend the airport’s terminal by 800 meters to 3300 meters. Talking about the second phase (from 2030 to 2040), it will be focused on the expansion of the terminal and the addition of a new number of ancillary and support facilities.
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