PHNOM PENH: Publicly-listed river port operator, Phnom Penh Autonomous Port (PPAP), reported revenue of some US$8.23 million during the first three months of 2023, a year-on-year decrease of 13 percent.
In March alone, the port earned nearly US$3 million, down from US$3.29 million in the same month last year, the port said in its filing of revenue report for March 2023 to the Cambodia Securities Exchange.
In March last year, a groundbreaking ceremony for the cross-docking and cold storage facility was carried out at PPAP’s Container Terminal LM17 on National Road No. 1.
The Ministry of Public Works and Transport (MPWT) also launched a Japan-financed Port Electronic Data Interchange (Port EDI) system at PAS and PPAP, with the aim of improving effectiveness, efficiency, and transparency and reducing cost.