Tuesday, July 1, 2014

US Firm to Build Border Market in Takeo


1 July 2014

Realco Cambodia Ltd., a U.S.-owned company, plans to invest $7 million to build a market at the Phnom Din checkpoint on the border with Vietnam in Takeo province’s Kirivong district.

Realco Cambodia reached an agreement with the chamber on Thursday to develop the market on a 7-hectare site that will house trading and storage facilities for Cambodian and Vietnamese vendors. Construction is expected to begin in five or six months, but no details were available on an opening date. Kirivong district governor said he was unaware of Realco Cambodia’s plans for his area, however, he had heard that the chamber of commerce was cooperating with a U.S. company.

It is a place for goods traded by Cambodian and Vietnamese vendors in the Takeo border region include fruit, vegetables and other foods, as well as construction materials and machinery.

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