The government has officialy launched the Comprehensive Master Plan on the Cambodian Transit and Logistics System 2023-2033 to improve trade facilitation for manufacturing companies and reduce trade logistics costs across the economy.
The CIT-MP, also known as the Comprehensive Master Plan on the Cambodian Transit and Logistics System 2023-2033, prioritises 174 projects over the next 10 years, with an estimated total investment value of $36.68 billion, and an expected annual investment of $3.985 billion for the short to medium term phase from 2023 to 2027.
The decade-long programme will undoubtedly bring about a sea change in the lives of ordinary citizens, but it will also unleash a host of opportunities for major infrastructure investors from around the world.
The government has launched this Master Plan to modernise and upgrade infrastructure and logistics systems across the country, providing a major opportunity for both public and private sector investment in the country's growing logistics industry.
The comprehensive plan covers various sectors, including 94 road development projects, 23 river waterway projects, 20 maritime transport projects, 10 air transport projects and 15 other major logistics development projects.
Highlights of the CIP-MP include three new expressways, including Phnom Penh to Kep, Phnom Penh to Stung Treng, and an expressway linking Ratanakiri to Koh Kong.
The plan also includes a new railway line to Vietnam from Phnom Penh via Prey Veng and Svay Rieng by 2030, and three more railways by 2050, linking Kampong Cham province to Vietnam, Kampong Cham to Laos via Kratie and Stung Treng, and a high-speed train from Kampong Cham to Thailand via Banteay Meanchey.