“The project was estimated to cost $1.7 billion, but the figure was later revised to $1.156 billion. The investment is structured as a public-private partnership with a 51% stake held by Cambodian entities and 49% by Chinese investors. The deal was inked in during Chinese President Xi Jinping’s state visit to Cambodia.”
“The Chinese investment is led by state-owned enterprises China Communications Construction Company and its subsidiary, China Road and Bridge Corporation. These companies are responsible for the construction and development of the canal.”
“A preliminary report indicates the project will have an impact on nearly 10,000 homes, three factories, 30 bridges, 36 national roads, 600 dams and canals, and more than 7,000 hectares of farmland.”
” ‘The canal is part of an overarching objective of the Comprehensive Intermodal Transport Master Plan, which is to modernise Cambodia’s logistics framework and position the country as a technologically advanced regional hub by 2030,’ [analyst Thong Mengdavid] said.”