Ly Yong Phat Group Plans $200M Satellite City in Phnom Penh

12 July 2011
The Cambodia Daily
Economy and commerce / Phnom Penh
Cambodia / CPP / CPP Senator Ly Yong Phat / Hun Sen / Kandal / Kandal Province / Land concessions / Ly Young Phat / Ly Young Phat Group / LYP Group / Phnom Penh / Prime Minister Hun Sen / state-owned private property

1,300 hectares of land in Phnom Penh and Kandal province have been privatized and conceded to the LYP Group in order for them to be developed into a satellite city. LYP Group is owned by CPP Senator Ly Yong Phat. Prime Minister Hun Sen signed a sub-decree on February 7, 2011 turning 529 hectares of land in three provinces into state-owned private property.

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