DeredgingToday.com
CHINESE company Shanghai Co has been selected by the government to develop infrastructure at Phnom Penh Autonomous Port (PPAP).
Hei Bavy, director general of PPAP, told the Post Wednesday that the business has been awarded the rights to develop the port from the Cambodian government. It is set to start the project this March and due to finish 30 months later.
The scheme will be funded by a US$30 million Chinese loan, announced by the government in October.
In its first stage, Shanghai will equip the 59-year-old port with modern goods-lifting equipment and build a new port for storing containers in a deep-water area. This will be situated on the Mekong River, in Kien Svay district, 20 kilometres east of Phnom Penh.
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