|
Company |
Koh Pos (Cambodia) Investment Group |
|
Company profile |
The Moroko project is invested in by Koh Pos (Cambodia) Investment Group Ltd., which is a Russian company and receives the Koh Pos lease concession for 99 years from 25 September 2006. This project is the built, operate, and transfer type (BOT) and costs USD 440 million. |
|
Registration investment capital |
USD 440,000,000 |
|
Company registration date |
25-Sep-06 |
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Company registration code |
Not found |
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Director |
Not found |
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Director residence |
Russia |
|
Company address |
#63, Ekareach Street, Krong Preah Sihanouk, Preah Sihanouk province |
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Type of EIA reports |
Initial Environmental Impact Assessment |
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State agency |
Not found |
|
Site |
The project area is approximately 230 kilometers from Phnom Penh by travelling along National Road No. 4. |
|
Village |
Phum 1 |
|
Commune |
Sangkat 3 |
|
District |
Preah Sihanouk |
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Province |
Preah Sihanouk |
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Contract duration |
99 years |
|
Area size of project |
The project covers 3 sections: bridge construction covers 900 meters, Hawaii beach covers 22,788 square meters, and Koh Pos island covers 1,078,000 square meters. |
|
sector |
Infrastructure |
|
EIA company |
Key Consultants (Cambodia) |
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Backgrounds of EIA company |
Not found |
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Address of EIAs company |
Room no. 684, 6th floor, Building F, Phnom Penh center, Preah Sihanouk Blvd, Khan Chamkarmon, Phnom Penh |
|
Relevants law |
There are 11 relevant laws and sub-decrees: The Constitution of the Kingdom of Cambodia, Law on Environmental Protection and Natural Resource Management 1996, Law on Labour 1997, Law on Land 2001, Law on Forestry 2002, Law on Fishery 2006, Law on Water Resource Management 2007, Sub-Decree on the Environmental Impact Assessment Process 1999, Sub-Decree on Water Pollution Control 1999, Sub-Decree on Solid Waste Management 1999 and Sub-Decree on the Air Pollution Control and Noise Disturbance 2000. |
|
Revenues and expenditures |
According to the financial analysis, the development project proposes an estimated budget of USD 591 million, while its estimated cost is USD 440 million. The company will pay USD 80,000 per year, and it will increase by USD 10,000 for every 5 years until the end of the contract. The company will spend on the Koh Pos beach for the lease of USD 1,400 for the second and third year, and from the fourth year of the business phase, the company will pay USD 5,500 per year and will increase by 10% every 10 years. For the bridge, it is leased for 99 years and accounts for USD 850,000. |
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Social alnd environmental impacts |
The project will create a tourism site which will provide job opportunities, infrastructure development, protection against illegal fishing, and life below water, as well as a sanctuary for breeding and growth of animals and plants. |
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Employment opportunity |
The project is divided into two phases: the recruitment of 995 people during the construction and 1,476 people during the operation period. The company has created jobs for the local people in Preah Sihanouk for 990 people during the construction and 1,470 people during the operation. |
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Public participation |
The process of public participant is conducted for two times: the first time is to provide information of the project to the local community and to monitor the potential environmental issues that may occurr in the surrounding project area, and the second time takes place after the field visit to the project areas to show the stakeholders such as the representatives of the affected communities, related provincial departments, private sectors, NGOs and other relevant organizations from Phnom Penh. This participation is open for comments, questions, and suggestions. |
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Land converted from |
The developed area for the construction in Koh Pos is converted from 46 hectares of forest land, accounting for 47% of the total forest area. |
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Environmental management plan |
The company has the Environmental Management Plan (EMP) that is the measurement to minimize the impact, monitor, and evaluate the plan before the construction, during the construction, and after the construction. |
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Development plan |
The company has the development plan: bridge construction for 3 years, Hawaii beach development for 4 years, and Koh Pos development for 6 years. |
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Mitigation strategies |
The company has cooperated with the Ministry of Public Works and Transport, the Ministry of Land Management, Urban Planning and Construction, Technical Standards Committee, the Provincial Department of Environment, the Provincial Department of Public Works and Transport, the Environmental Impact Assessment Department of the Ministry of Environment, the Pollution Control Department of the Ministry of Environment, Fisheries Administration, Forestry Administration, general contractor, and local authorities to monitor the implementation phase before the construction phase, during the construction and project management processes. |
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Environmental and social funds |
Not found |
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EIA publication year |
2011 |
|
Last update |
22-Oct |
