Royal Group Koh Rong Development Company and Sinohydro Corporation Limited reached a $35 million deal on Tuesday to build a 70km road on Koh Rong Island.
The road will be 8m wide and is expected to take 16 months to complete, according to the plan approved by the Council for the Development of Cambodia’s (CDC)Inter-Ministerial Committee on October 9, 2010, a Royal Group press release said.
CDC deputy secretary-general Chea Vuthy said at the signing ceremony in Preah Sihanouk province that the deal proves Royal Group’s commitment to the island’s development.
Royal Group has held the lease agreement with the government since February 28, 2008, for the development of the island into a beautiful attraction for local and foreign tourists.
“I appreciate the Royal Group building good cooperation with the authorities and the people living on Koh Rong. Besides announcing the 70km road, I hope Royal Group will also start building other projects in the approved master plan,” Vuthy said.
Preah Sihanouk provincial governor Kuoch Chamroeun presided over the ceremony.