Cambodia's Largest Ports See Growth In Revenue Last Year Despite Pandemic
Faizan Hashmi Published January 27, 2022 | 03:47 PM
Cambodia's two state-owned ports, Sihanoukville Autonomous Port (PAS) and Phnom Penh Autonomous Port (PPAP), had seen double-digit growth in revenue in 2021 despite the COVID-19 pandemic, the Ministry of Public Works and Transport said in a report on Thursday
PHNOM PENH, Jan. 27 (UrduPoint / Pakistan Point News - 27th Jan, 2022 ) :Cambodia's two state-owned ports, Sihanoukville Autonomous Port (PAS) and Phnom Penh Autonomous Port (PPAP), had seen double-digit growth in revenue in 2021 despite the COVID-19 pandemic, the Ministry of Public Works and Transport said in a report on Thursday.
PAS, the kingdom's largest seaport, earned gross revenue of 373 billion riels (about 93.2 million U.S. dollars) last year, up 17.6 percent year-on-year, said the report released during the ministry's annual conference.
The listed seaport handled 6.9 million tons of containerized cargoes last year, up 6 percent year-on-year, it added.
Meanwhile, the listed PPAP, the country's second largest container hub, reported total revenue of 138 billion riels (34.
5 million U.S. dollars) last year, up 14 percent year-on-year, the report said, adding that the freshwater port accommodated 4.2 million tons of containerized goods, up 13 percent.
Speaking at the ministry's annual conference, Minister of Public Works and Transport Sun Chanthol attributed the surge in the ports' revenue to the growing import-export activities despite the impact of COVID-19.
"For the Sihanoukville Autonomous Port, we're going to build a new container terminal with a depth of 14.5 meters in order to accommodate large ships," he said.
Work on the new container terminal in the first phase is expected to start in 2022 and to finish in 2025, he said, adding that it is estimated to cost 220 million U.S. Dollars.
Related Topics
Recent Stories
Sindh home minister chairs law and order meeting
Bakht Kakar orders to ensure maximum facilities in livestock sector
NEPRA concludes hearing into FCA of DISCOs for March
Junta-led Burkina Faso suspends BBC, Voice of America for two weeks
Chairman COPHC lauds MoMA’s efforts at Gwadar Port, Free Zone
CM’s aide directs steps to prevent domestic violence against women
LESCO detects 74,621 power pilferers in 220 days
Regional Police officer (RPO) Shariq Kamal Siddiqui holds open court
LESCO collects over Rs 4.36m from 189 defaulters in 24 hours
Secretary health urges public to follow precautionary measures to avoid spreadin ..
PM directs formation of committee for consultation with provinces on carbon cred ..
UAF to ink MoU with Ethiopian universities
More Stories From Business
-
IP rights crucial in achieving SDG : Jam Kamal
47 minutes ago -
FBR’s data protection efforts commended by OECD assessment team
45 minutes ago -
US stocks rebound on tech earnings, London hits new record
1 hour ago -
SECP-IFSB workshop highlights Pakistan's progress in Islamic Finance Development
1 hour ago -
SBP to announce monetary policy on April 29
1 hour ago -
50pc cut in subsidy of BRT service likely: CM’s aide
3 hours ago
-
PSX gains 771 points
3 hours ago -
Pakistan, US hold 7th TIFA meeting to strengthen trade and investment ties
4 hours ago -
Meeting held to streamline trade between Pak-Afghan , Central Asian Republics
3 hours ago -
Coca-Cola invests an additional $22 million in Pakistan
4 hours ago -
SECP Introduces SECP-XS: A swift complaint resolution platform
4 hours ago -
SBP to announce monetary policy on April 29
3 hours ago