News

Two months to claim land certificates

City Hall said villagers affected by the development project of the Overseas Cambodia Investment Corporation (OCIC) in Phnom Penh’s Chroy Changvar district would have two months to claim the certificate of land policy before it would stop assuming responsibility for losses, according to a statement ...

Pech Sotheary
http://www.khmertimeskh.com/news/29893/two-months-to-claim-land-certificates/

Government blames development company for road collapse

A government investigation into the collapse of a road next to Phnom Penh’s Olympic Stadium during a flash flood on Wednesday has concluded that a powerful development company’s adjacent construction site was at fault, officials said on Thursday. ...

Ouch Sony
https://www.cambodiadaily.com/news/government-blames-development-company-for-road-collapse-113923/

Chroy Changvar road row pushes into day 2

A protest against city hall’s decision to clear residents’ land for a new road on Phnom Penh’s Chroy Changvar peninsula without paying compensation yesterday entered its second day. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/chroy-changvar-road-row-pushes-day-2

Residents protest road planned near OCIC development site

About 50 Phnom Penh residents gathered On Sunday to rally against a planned road on Chroy Changva peninsula that will run alongside a massive $3 billion development project. The 12-meter-wide road will be located just 100 meters behind National Road 6A. ...

Ben Sokhean
https://www.cambodiadaily.com/news/residents-protest-road-planned-near-ocic-development-site-106262/

Olympia Plaza to rise on $60M investment

Local conglomerate Overseas Cambodia Investment Corporation (OCIC) will invest $60 million in the construction of Olympia Plaza, a seven-storey shopping mall being built inside the company’s mixed-use Olympia City project in central Phnom Penh, the company confirmed yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/olympia-plaza-rise-60m-investment

Fresh allegations of negligence for firm

A worker was seriously injured on Monday at a Phnom Penh construction site owned by the Overseas Cambodia Investment Corporation (OCIC), just four months after a falling pipe killed a passing motorist at another site owned by the politically connected developer, police said. ...

Pech Sotheary
http://www.phnompenhpost.com/fresh-allegations-negligence-firm

OCIC pitch ‘disappoints’ Chroy Changvar disputants

Residents on Phnom Penh’s Chroy Changvar peninsula embroiled in a land dispute with tycoon Pung Khieu Se’s Overseas Cambodia Investment Corporation were to submit a petition to City Hall today following a new compensation offer from the authorities last week. ...

Khouth Sophak Chakrya and Daniel Pye
http://phnompenhpost.com/national/ocic-pitch-%E2%80%98disappoints%E2%80%99-chroy-changvar-disputants

Eviction worry delays Phnom Penh mega project

The developer of Phnom Penh’s US$1.6 billion Chroy Chungva City project has said ground would not be broken this year, raising questions about the future of the satellite city. Overseas Cambodia Investment Corporation (OCIC) will delay the Chroy Chungva City project after what a local Chinese ...

http://www.phnompenhpost.com/index.php/2012052956448/Business/eviction-worry-delays-mega-project.html

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