Chinese Firm Unveils US$160-million Parking Lot Investment in Phnom Penh

China Good Cars Holding Ltd. has unveiled US$160-million-worth investment project on parking lot for heavy vehicles in Phnom Penh aiming to contribute to reducing traffic congestion in the capital.

In a meeting with H.E. Sun Chanthol, Senior Minister and Minister of Public Works and Transports on May 5, representative of China Good Cars Holding Ltd. said that the project is to build a modern parking lot for heavy vehicles located on the outskirts of Phnom Penh and to launch public bus service between the city and nearby provinces.

H.E. Sun Chanthol welcomed the project and recommended the company to conduct thourough feasibility study.

Source: Agency Kampuchea Press