|
Company |
Koh Pos (Cambodia) Investment Group |
|
Company profile |
The Moroko project is invested by Koh Pos (Cambodia) Investment Group LTD which is the 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 cost 440 million USD. |
|
Registration investment capital |
USD 440 millions |
|
Company registration date |
25-Sep-06 |
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Company registration code |
Not found |
|
Director |
Not found |
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Director residence |
Russia |
|
Company address |
#63, Ekareach Street, Krong Preah Sihanouk, Preah Sihanouk province |
|
Status of the EIA reports |
Initial study |
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State agency |
Not found |
|
Site |
The project area is approximately 230 Km from Phnom Penh city by travelling along National Road No. 4 |
|
Village |
Phum 1 |
|
Commune |
Sangkat 3 |
|
District |
Preah Sihanouk |
|
Province |
Preah Sihanouk |
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Contract duration |
99 years |
|
Size in Hectare |
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 |
|
Type of concession |
Island concession |
|
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 591 millions USD, while its estimated cost is 440 millions USD. The company will pay USD 80 000 per year and it will increase to USD 10 000 for every 5 years until the end of 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 accounted for USD 850 000. |
|
Social alnd environmental impacts |
The project will create the tourism site which will provide the job opportunities, infrastructure development, protection against the illegal fishing and live below water as well as the sanctuary for breeding and growth of animals and plants. |
|
Employment opportunity |
The project is divided into two phases: the recruitment of 995 people during the construction and 1476 people during the operation period. The company has created jobs to the local people in Preah Sihanouk for 990 people during the construction and 1470 people during the operation. |
|
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 in order 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. |
|
Land converted from |
The developed area for the construction in Koh Pos is converted from 46 hectares of forest land accounted 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 during the operation. |
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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. |
|
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 |
