News

Study to determine cost to finish railway

With funds almost exhausted on the $140 million rehabilitation of Cambodia’s railway network, the government and the Asian Development Bank (ADB) have decided to conduct a study to determine how much more money is needed to complete the project, a government consultant said yesterday. Paul Power, ...

ADB Won’t Pay to Finish Rail Project

Having already spent millions of dollars, the Asian Development Bank (ADB) will not foot the additional $70 to $90 million in funds still needed to complete more than half of Cambodia’s railway rehabilitation project, an official from the ADB said yesterday. Toll Royal Railways, a joint venture ...

Toll trains said to stop March 31

Toll Group has informed the Cambodian government that it will suspend all railway operations and lay off half of its Cambodian staff at the end of the month, according to a source familiar with the situation. The Australian logistics firm, which in partnership with Royal Group ...

http://www.phnompenhpost.com/index.php/2012032055123/Business/toll-trains-said-to-stop-march-31.html

Toll Group alleged to be leaving rail project

Australian logistics company Toll Group is allegedly pulling out of its 30-year concession to operate the Kingdom’s national railway, according to the Sydney Morning Herald. Citing “reliable sources”, an SMH report said Toll would leave its US$145 million Toll Royal Railway joint venture with Cambodia’s Royal ...

http://www.phnompenhpost.com/index.php/2012031455012/Business/toll-group-alleged-to-be-leaving-rail-project.html

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