As part of the Cambodian government’s long-term industrial development policy, Heng Sokkung, secretary of state of the Ministry of Industry and Handicrafts, said the government is in the planning phase of creating industrial zones along national road 5.
The policies, Sokkung said, would attract foreign and local investors to invest along national road 5, especially the Japanese who have already shown interest in the Cambodian border town of Poipet. Currently, Toyota Tsusho is building a 20,000 sq. metre industrial park at a new special economic zone near the Thai border.
Sokkung said that the creation of industrial zones could be completed by 2025. This announcement coincides with the expansion plan for national road 5 in which the Cambodian government received a concessionary loan of $160 million from the Japanese government to expand the road between Prek Kadam and Poipet.
The industrial zones along national road 5 would capitalize on the increased transportation of goods and production potential that is expected to grow after the ASEAN integration, he said.
Chhim Phalla, director of the Ministry of Public Work’s Department of International Cooperation in charge of the national road 5 expansion plan, said that the road expansion will begin later this year with a set completion date of 2020. The expansion consists of turning the two-lane road into a four-lane road, he said.