New skytrain gets investors on track

[geovalin]

When the long-suffering commuters in Bangkok’s notorious traffic jams first heard that a skytrain was to be built in their city, they weren’t the only ones to cheer – property developers and land owners also had reason to rejoice. Now, with Phnom Penh’s road traffic getting worse by the day, the news that a skytrain will be built in the capital city is having a similar effect on those who have a daily battle on congested streets. 
 

At the Peace Palace in Phnom Penh on May 5, during an official visit between Cambodian Minister Hor Namhong and Japanese Minister Keiichi Ishii, the Minister of Land, Infrastructure, Transport and the Tourism Minister in charge of the Water Cycle Policy of Japan, an agreement was reached for an investment of $800 million from Japan to develop the first automated light railway in Phnom Penh. Through a deal reached between the Japan International Cooperation Agency (JICA) and the government of Cambodia, the first skytrain in Phnom Penh is expected to be launched and will cover three routes. 
 

The first route will connect Kampuchea Krom Boulevard, Monivong Boulevard and Russian Boulevard until the Choam Chao roundabout. The second route will connect Monivong Boulevard along the existing route and turn left along Tangkrosang Road where it will connect passengers to the International Airport. The third route will connect the Central Market to Monireth Boulevard, Veng Sreng Boulevard, the Chom Chao roundabout and the airport. Sorn Seap, the CEO of Key Real Estate, welcomed the news.

 

read more http://www.khmertimeskh.com/news/38437/new-skytrain-gets-investors-on-track/

 

 

-- © Copyright Khmer Times 17/05

[Destiny1990]

Will be riding in the year 2050.

[mrdome]

Great news and Destiny1990, you have to give them more credit than that.