OCIC imports materiel to build cable-stayed concrete bridge connecting Diamond Island to Norea Island

Construction on the cable-stayed concrete bridge connecting Koh Pich to Norea Island is likely to begin soon after the Overseas Cambodian Investment Corporation (OCIC) made requests for tax relief from the Ministry of Economy and Finance on the import of equipment, machinery and materials to build the bridge.

According to a letter from H.E Koung Sreng, Governor of the Board of Governors, to H.E Aun Porn Moniroth, Deputy Prime Minister and Minister of Economy and Finance, the request by OCIC for the materials and machinery for the construction of the bridge to be imported with taxes under state duty total US$40,888, 580.

It should be noted that OCIC has received the Royal Government’s permission to develop this island, located in Chbar Ampov district, Phnom Penh, according to letter No. 1085 NS, dated 28 October 2018 from the Council of Ministers. As part of its project to develop Koh Norea, the letter states that OCIC will build a cable-stayed concrete bridge to connect Koh Pich to the Norea development project.

After its final completion, the bridge will reduce traffic congestion on Monivong Bridge to a large extent. More specifically, it will help connect transportation and economic activities from the Chroy Changva area, to Koh Pich to Boeng Snor, and to the Chbar Ampov area.

OCIC’s Deputy CEO, Touch Samnang, told Construction & Property Magazine on 08 February 2019 that OCIC is planning to transform Koh Norea Island along the Lower Mekong River (east of Koh Pich city) into a rich commercial city extending over an area of ​​approximately 100 hectares by pouring land, sand, and gravel​.

(Read more )

According to the company, the new Satellite City project is scheduled to cost around $ 2 billion. 

- Video Advertisement -

Related Post

Singapore New National Plan Commits Over US$15 Million on Scholarships for 15,000 Top Students to Study AI Technology

Singapore has unveiled an ambitious plan to bolster its global standing in business and innovation by injecting more than S$1 billion, equivalent to over US$743 million, into artificial intelligence (AI) initiatives over the next five years. The announcement came as part of Singapore’s 2024 National Budget, demonstrating a strategic push towards technological advancement and economic […]

Tourism Standard Port Planned for Construction in Kampong Cham Province

The Ministry of Public Works and Transport and Kampong Cham Provincial Administration inspected and evaluated the location of the river bank in Kampong Cham City for the construction of a tourism port. HE Kim Sann, Under-Secretary of State of the Ministry of Public Works and Transport, Mr Heng Vanny, Deputy Governor of Kampong Cham Province, […]

The Gov’t Establishes Task Force to Suppress State Land Surveys in Some Provinces in Cambodia

The Government of Cambodia has decided to establish a National Committee to prevent, eliminate and suppress logging, clearing and forest land fencing to take ownership of land in some provinces. This is according to decision No. 19 pillar dated January 22, 2024. The 13-member National Committee, chaired by the Minister of Agriculture, Forestry and Fisheries, […]

The “Moradok Techo” Flyover will be completed on March 30 and open early next month

Phnom Penh Capital Administration has decided to temporarily put into use the second floor of the “Moradok Techo” flyover, the first phase, which connects the traffic between Samdech Techo Hun Sen Blvd. and Monivong Blvd from April 1, 2024. Construction will be completed on March 30, 2024. This is according to the announcement of Phnom […]

Saudi Arabia to Welcome World’s First ‘Dragon Ball’ Theme Park Covering 500km2  of Land Area

Toei Animation has announced that Saudi Arabia will be the site of the world’s inaugural theme park based on the beloved “Dragon Ball” franchise, marking a significant milestone in entertainment ventures. The Japanese studio has entered into a strategic partnership with the Saudi government’s Public Investment Fund (PIF), with the latter funding construction and associated […]

UNIDO Partners with Cambodia to Pave the Way for Green Industrial Parks

The Ministry of Industry, Science, Technology & Innovation (MISTI) of Cambodia has joined hands with the United Nations Industrial Development Organization (UNIDO) to spearhead the development of eco-industrial parks (EIPs) in the country, fostering a sustainable approach to industrial growth. In an official meeting held on March 26, HE Hem Vanndy, Minister of MISTI, along […]