On August 11, the Japan International Cooperation Agency (JICA) signed a Loan Agreement (L/A) with the Government of the Kingdom of Cambodia in Phnom Penh, the capital of Cambodia, for the “Sihanoukville Port New Container Terminal Development Project (Phase II).” The agreement was signed that day by Ross Seilaba, Secretary of the Ministry of Economy and Finance of the Kingdom of Cambodia, and Kazumasa Sanai, Director of the JICA Cambodia Office.
Scenes from the signing ceremony
This project will construct a new container terminal at the Port of Sihanoukville—Cambodia’s only deep-water port and a vital logistics hub supporting the country’s economy—to enhance its cargo handling capacity. Against the backdrop of robust economic growth, the volume of container cargo handled by the port is expected to continue increasing, and this project is designed to meet the rapidly growing demand for cargo handling. The port is positioned as a hub connecting the Pacific and Indian Oceans and a strategic point along the Southern Economic Corridor; it is expected to serve as a logistics hub not only for Cambodia but for the entire ASEAN region. Japanese companies operating in the region also use this port, and the project will contribute to improving the investment environment both within Cambodia and across the ASEAN region.
The business overview is as follows.
Sihanoukville Port New Container Terminal Development Project (Phase II)
Sihanoukville Port New Container Terminal Development Project (II)
・Country (Target Region)
Kingdom of Cambodia (Preah Sihanouk Province)
・Business Objectives
At the Port of Sihanoukville—Cambodia’s only deep-water port—we aim to strengthen logistics capabilities by enhancing the port’s cargo handling capacity through the development of a new container terminal, thereby contributing to the promotion of trade and socioeconomic development in Cambodia.
・Business Activities
1. Civil engineering works (construction of container terminals, dredging of shipping lanes and anchorages, land development for customs inspection facilities, etc.)
2. Procurement of cargo-handling equipment (gantry cranes, RTG cranes, etc.)
3. Consulting Services (including technology transfer related to detailed design and construction supervision)
・Loan Amount (Maximum)
17.776 billion yen
・Interest Rates
Main sequence: TORF+45bp
Consulting Services: 1.10%
・Redemption Period
30 years (including a 10-year grace period)
・Procurement Terms
General Untied
・Implementing Agency
Sihanoukville Port Authority
・ Contributing to the Achievement of the SDGs
Goal 8 (Decent Work and Economic Growth)
Goal 9 (Build the Foundations for Industry and Innovation)
Goal 13 (Take concrete action on climate change)
・Schedule for Future Project Implementation (Tentative)
1. Scheduled completion date: June 2027 (The project will be considered complete upon handover of the facility)
2. Scheduled timing for sending invitations to bid for consulting services (detailed design, etc.): Already hired
3. Announcement of the first package for the main construction work through an international competitive bidding process: Contract awarded
© Source JICA