PHNOM PENH: On May 5th, Kampot Logistics and Port Company Limited (KLP), along with China Harbour Engineering Company LTD (CHEC), signed a construction contract for the Kampot multi-purpose port in Kampot province.

This came after a year of preparation work that included soil and infrastructure foundation preparation. The contract was signed in the presence of H.E Sun Chanthol, Senior Minister and Minister of Public Works and Transport, and representatives of the companies.

The project will have three phases and an estimated total investment of US$1.5 billion, with the first phase requiring around US$200 million. In May of last year, a ground-breaking ceremony was held for the international deep-sea port under the presidency of Deputy Prime Minister H.E. Chea Sophara, Minister of Land Management, Urban Planning, and Construction.

The multi-purpose port is expected to handle 300,000 TEUs by 2025 and 600,000 TEUs by 2030. Additionally, the port will consist of several facilities such as container grounds, special economic zones, free trade zones, logistics centers, warehouses, refineries, fuel centers, residential and tourist areas, as well as passenger terminals.

H.E. Sun Chanthol commented that this investment project will make Kampot Logistics and Multipurpose Center a new large and modern deep-sea port in Cambodia. It will also boost the development of the existing ports, including Sihanoukville Autonomous Port and Phnom Penh Autonomous Port, and support the industrial development of Cambodia’s master plan for 2015-2025.