Cambodia’s efforts to leverage its position at the geographic heart of mainland Southeast Asia have been bearing fruit with Singaporean logistics company YCH Group announcing a US$300 million plan to develop a “Cambodia SuperPort” in Phnom Penh to complement a similar project in northern Vietnam.
At the same time, Cambodia is emerging as a promising alternative route for Lao electricity exports to Singapore – bypassing Thailand and Malaysia – following Cambodian Prime Minister Hun Sen’s visit to Laos last week.
On February 16, YCH announced that its joint venture with Cambodian logistics company WorldBridge Group – PPLC SuperPort and Industrial Co Ltd – had signed a collaboration agreement with International Finance Corp (IFC), the private sector arm of the World Bank.
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