Phnom Penh officials met on Thursday with representatives from a Thai company proposing to build an underground parking lot and market adjacent to Daun Penh district’s Phsar Chas.
Deputy municipal governor Chreang Sophann said the proposal by the company, Trade International, was under consideration.
“I support all kinds of investment in the city but we must first study the impact,” he said. “For Phnom Penh to have an underground market and parking lot would be attractive to investors and show the leadership of the government, while it would improve the beauty of the city and create more jobs.”
City Hall spokesman Long Dimanche stressed that the plan was still at the discussion stage. “It could benefit the city a lot, but we must first study the documents and see if we think the plan is good,” he said.
The Old Market area, west of the Night Market, has long been touted as a potential neighborhood for redevelopment.
City Hall announced in January last year that it would build an eight-story car park on the site, relocating the market to two underground floors, state media reported at the time.