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Cambodia’s Turn to Raise Eyebrows Over Infrastructure Projects

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ASEAN Beat | Economy | Southeast Asia

Cambodia’s Turn to Raise Eyebrows Over Infrastructure Projects

Up to $30 billion in financing is potentially on the table – most of it from China.

Cambodia’s Turn to Raise Eyebrows Over Infrastructure Projects

Chinese Premier Li Keqiang and Cambodian Prime Minister Hun Sen preside over the inauguration of the Phnom Penh-Sihanoukville Expressway in Phnom Penh, Cambodia, November 9, 2022.

Credit: Facebook/Samdech Hun Sen, Cambodian Prime Minister

Cambodia has rapidly transformed its economy since the end of its civil war almost 25 years ago, but a slew of recently announced mega-infrastructure projects to be built mainly with Chinese money has raised the stakes – and more than a few eyebrows.

The big-ticket item is a $16 billion real estate development at Ream City on the south coast, to be built by Canopy Sands Development, a member of the Prince Holding Group, which is led by the Chinese developer Chen Zhi. The project is expected to be completed by 2028.

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