A major international deep-water port in Kampot province has officially opened its construction site. The $1.5 billion port is expected to be a major artery for Cambodia’s shipping.
The groundbreaking ceremony for the international deep-water port took place yesterday under the chairmanship of Deputy Prime Minister Chea Sophara, Minister of Regional Planning, Urbanism and Construction.
Sophara said the logistics and multi-purpose port in Kampot province is also seen as a catalyst to contribute to the development of the national economy.
“The port has a water depth of up to 15 meters, which can accommodate large cargo ships with a capacity of up to 100,000 tons. The first phase has an investment of approximately $200 million over three years, with 15 years of total investment. We are really happy with the new port although Cambodia has two major state ports: Sihanoukville Autonomous Port and Phnom Penh Autonomous Port.
“This port will have modern facilities that can facilitate the movement of goods in our region and in Cambodia. At the same time, this port offers an opportunity to create jobs for young people and reduces transport costs for the businessman. In addition, there is an agricultural processing factory that encourages farmers,” he pointed out.
During the ceremony, Sun Chanthol, Chief Minister of the Ministry of Public Works and Transport, said that the location of this port is in a favorable area to connect water, land and rail transport systems in Phnom Penh. and to the provinces by national roads n°3, 41, 4 and 48, and the Phnom Penh-Sihanoukville highway. It also connects with the South to North Railway of the country.
He went on to add that “the investment project to develop Kampot Logistics and Multi-Purpose Center will be another major deep-water port in Cambodia and a modern international port in the ASEAN region.”
“This project will complement existing ports such as Sihanoukville Autonomous Port and Phnom Penh Autonomous Port and help promote the successful implementation of the master plan to develop Sihanoukville into a multi-purpose special economic zone in line with the industrial development policy. of Cambodia 2015. -2025.
“In addition, this project will also contribute to the successful implementation of the master plan on connecting multi-purpose transport and logistics systems and help achieve the coastal development goals of the National Committee for Coastal Management and Development of Cambodia” , he pointed out. .
According to a report by the Ministry of Public Works and Transportation, the project has a three-phase implementation plan with a total investment of around $1.5 billion. In the first phase of the plan, there will be an investment of around 200 million dollars.
The project will include container lands, special economic zones, free zones, logistics centers, warehouses of all kinds, including customs warehouses, manufacturing and distribution plants, refineries and fuel centers, residential and tourist areas and passenger terminals.
Additionally, the multi-purpose port will have the capacity to handle approximately 300,000 inbound and outbound TEUs by 2025 and approximately 600,000 TEUs by 2030.
- Keywords: Kampot, Kampot Harbor