A $20-million dry port appears finally ready to open, after months of delays caused by government demands for a hefty cash deposit.
The deputy director of the Cambodia-CWT Dry Port, Nong Soyet, said CWT Distribution agreed in early June to pay the government a $100,000 deposit.
The port, on Route 4 outside of Phnom Penh, will open following today’s signing at the Hotel Sofitel Cambodiana of an agreement with the customs department, the company announced Thursday.
According to Sihanoukville port officials, the government earlier this year asked for a $250,000 deposit, which was not called for in the initial contract. Officials said the deposit was required to protect the government from losing tax revenue if goods were to go missing during transport between Sihanoukville and the dry port, where they would clear customs.