- 85 percent of the Phnom Penh Autonomous Port’s TS11 multi-purpose satellite development project’s construction has been completed.
- The $12 million project is 85 percent complete and will be operational in July 2022.
- PTLS Co., LTD (49 percent stake) and Phnom Penh Autonomous Port (51 percent stake)
PHNOM PENH: According to the Ministry of Public Works and Transport, the Phnom Penh Autonomous Port’s TS11 multi-purpose satellite development project, valued at $12 million, has made 85 percent progress and will be operational in July 2022.
Senior Minister Sun Chanthol, Minister of Public Works and Transport, stated during an inspection of the progress of the construction of Phnom Penh Autonomous Port’s TS11 multi-purpose satellite port, located along National Road 5, Khan Russey Keo, Phnom Penh, that the development of the TS11 Multi-Purpose Satellite Terminal is an investment between Phnom Penh Autonomous Port (51 percent stake) and PTLS Co., LTD (49 percent stake), with a construction cost of approximately US $12 million.
The senior minister confirmed that approximately 85 percent of the construction has been completed, with completion scheduled for the end of June and an opening for use in July 2022, with a capacity of 60,000 to 90,000 TEUs of goods per year.
The Tonle Bassac River rehabilitation plan, as well as the Phnom Penh Autonomous Port, are steps that will increase the number of inland waterways and expand the construction of a number of satellite ports. It is a significant step toward increasing the number of inland waterways and making Cambodia’s logistics sector more efficient.
The Tonle Bassac Waterway and Logistics Project will have a significant impact on multi-sectoral development by promoting harmonious and integrated interconnected transport links with logistics hubs, commercial areas, agriculture, irrigation, and the tourism industry, as well as business centers.
The project will also promote and accelerate the development of urban urbanization and rural infrastructure in Cambodia, with the goal of improving local people’s livelihoods, sustaining the country’s macroeconomic growth, and accelerating poverty reduction among Cambodians.