Thirty-one families in Chroy Changva district Monday agreed to move off land that has been slated for a $3 billion development project in exchange for an apartment and a market stall nearby, officials said.
“The 31 families received the flat and the store from OCIC,” said Chroy Changva commune clerk Suy Chamnap, referring to the Overseas Cambodian Investment Corporation, which is building Koh Pich island and has numerous development projects across the city.
The families that accepted the compensation are from Doeum Kor 2 village, which lies on the eastern bank of the Tonle Sap river and has already been pumped full of sand for the development.
Nine families in the village declined the offer.
“The villagers accepted this morning because they worry about the consequences of the rainy season,” said Chroy Changva district governor Khlaing Huot, who has mediated negotiations between OCIC and locals.
Touch Samnang, project manager for OCIC, said Monday that any families holding out were taking a risk.
“We have limited flats and we are talking with other villages,” he said. “If they don’t accept soon, they may miss their opportunity.”