Wednesday, September 18, 2024
25 C
Brunei Town

Latest

Cambodia inaugurates USD37.5M additional terminal at largest port

SIHANOUKVILLE (XINHUA) – Cambodia yesterday inaugurated a USD37.5-million additional container terminal at the Sihanoukville Autonomous Port (PAS) after a 17-month construction.

Speaking at the inauguration ceremony, Cambodian Prime Minister Hun Manet said the PAS, which is the country’s sole international and commercial deep seaport, has played a crucial role in supporting Cambodia’s socio-economic development.

He said the additional container terminal with a length of 253 metres is capable of handling about 450,000 20-foot equivalent units (TEUs) per year.

“This is another new achievement in the development of Cambodia’s logistics and shipping sector,” Hun Manet said. “The PAS is a main gateway for Cambodia’s trade exchanges with countries in the region and the world, and we are transforming this feeder port into a regional logistics hub.”

Minister of Public Works and Transport Peng Ponea said with the additional container terminal, the state-owned PAS is now capable of handling one million TEUs per year.

Ponea said the kingdom’s largest shipping facility recorded a gross revenue of USD66 million in the first seven months of 2024, a year-on-year (y-o-y) increase of 26-per-cent.

The port handled 5.7 million tonnes of containerised cargo during January-July this year, up 26.5 per cent y-o-y, he added.

An aerial view of the Sihanoukville Autonomous Port in Cambodia. PHOTO: XINHUA
spot_img

Related News

spot_img