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Cambodia encourages private companies to participate in public investment
Seetao 2021-10-13 10:31
  • At present, the Cambodian PPP model has been applied in various projects such as road engineering and rail transit.
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The PPP construction model is a new model developed by the government and enterprises in cooperation, and it is also an important measure proposed in the reform of the national investment system. Cambodian government spokesman Passipan pointed out on October 11 that the Cambodian government has officially passed public development project investment regulations to attract private companies to participate in infrastructure and public service project investment, and ease the government's financial pressure and the diminishing problem of preferential loans.

As the most capital-intensive field of transportation infrastructure projects, Passipan said that the draft of the Public-Private Partnership Law (PPP) passed this time was specifically targeted at public infrastructure and public The development of service projects is different from general private investment and development projects. After the law is formally implemented, it will replace the Franchise Law, improve the investment environment in the public sector, and further promote economic and social development. Passipan pointed out that the government has realized that the current public project investment strategy will not be able to meet the future development needs of the country, especially Cambodia is facing the trend of declining foreign aid and concessional loan interest. In view of this, the Cambodian government authorized the Cambodian Ministry of Finance and Economics in 2015 to be responsible for formulating relevant regulations for private companies to participate in public investment projects, including policy frameworks, strategies and management regulations. Keywords: infrastructure construction, infrastructure construction, domestic engineering news, planning investment

In the next step, Cambodia will continue to expand the scope of application of social capital and continue to increase the intensity and scale of social capital introduction. Passipan pointed out that under the framework of public-private partnerships, the government will also be able to further enhance the existing public sector professional capabilities and establish new Bidding and procurement procedures, monitoring and following up the progress of public-private partnership projects. According to the "Three-Year Public Investment Projects (2022-2024") announced by the Cambodian government, the country plans to carry out 675 projects in the next three years, of which 187 projects are in progress with an investment of US$5.817 billion; the remaining 488 projects The project is in the planning stage, with an investment of 3.384 billion U.S. dollars. Editor/Xu Shengpeng


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