Friday, May 23, 2014

Draft Law on Government’s Settlement Contract with a French Company Adopted

23 May 2014

The National Assembly of Cambodia has approved a draft law on the settlement contract between the Royal Government of Cambodia (RGC) and CITELUM S.A., a French company investing in the development of public lighting infrastructure in Phnom Penh Capital.

The three-article draft law is part of the RGC’s efforts to attract more tourists and enhance the people’s living standards. The development of public lighting infrastructure project will increase income from the tourism sector, from about US$12 million in 2015 to US$60 million in 2019, and create some 15,000-16,000 careers, while the tax income will rise and the traffic accidents will be reduced.

Source:
http://www.akp.gov.kh/?p=45674

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