Companies warned over slow development of ELCs

Provincial government officials in Stung Treng have warned companies granted economic land concessions (ELCs) in the province to fulfil their promised development plans or face losing their rights to the land. Touch Thea, director of the Stung Treng provincial department of agriculture, said the call for firms to deliver on their promises was made at a meeting with 12 companies. … The department director declined to name the companies called to the meeting, but a 2013 provincial investment report from the Council for the Development of Cambodia (CDC) shows there are just 12 ELCs in Stung Treng. They are granted to Cassaca Processing Co Ltd, Sal Sopheap Peanich Co Ltd, Sopheaknica Investment Industrial Co Ltd, Phumady Investment Group Co Ltd, GG World Group (Cambodia) Development Co Ltd, Grand Land Agriculture Co Ltd, Green Sea Agriculture Co Ltd, Siv Guek Investment Co Ltd, Cambodia Research Mine and Development Co Ltd, Un-Inter Trading and Development Co Ltd, Bonarita Stung Treng Co Ltd and Sok Heng Co Ltd. The 12 companies’ ELCs total 177,850 hectares for the development of large agricultural plantations, including of cassava, rosewood, cashew nuts, acacia trees and rubber. …  

Chan Muyhong
http://www.phnompenhpost.com/business/companies-warned-over-slow-development-elcs