CAMBODIAN Prime Minister Hun Manet launched the expanded container terminal at the Sihanoukville Autonomous Port (PAS), which now has the capacity to handle up to one million TEU annually.
The expansion, which added 253 metres to the port, began in May 2023 with a total investment of US$37.5 million. Of this, $10 million was financed by Japan, while $27.5 million came from PAS's own budget.
The government also contributed by covering customs duties and taxes, according to Minister of Public Works and Transport Peng Ponea, reports The Phnom Penh Post.
Mr Ponea explained that the extension increased the port's container handling capacity from 550,000 TEU to one million TEU per year.
The port can now accommodate ships with a draft of up to 10.4 metres, increasing the percentage of global ships able to dock from 18 per cent to 38 per cent, with its capacity in Asia rising to 49.25 per cent.
The minister also highlighted the port's revenue performance for 2023, including nearly 800,000 TEU of containers processed, 1,506 vessels with a total carrying capacity of 19 million tonnes and total earnings exceeding $95 million - all representing positive growth.
'By the end of July 2024, the volume of goods handled reached 5.7 million tonnes, an increase of 26.52 per cent. The volume of containers processed exceeded 520,000 TEU, up 26.18 per cent. Business revenue surpassed $66 million, a 26 per cent increase compared to the same period last year, marking unprecedented growth,' he said.
According to Mr Ponea, the port is currently constructing the first phase of a deep-water port with a length of 350 metres and a water depth of 14.5 metres.
He noted that this will increase the total capacity to 1.4 million TEU per year, allowing 93 per cent of Asia-Pacific vessels to dock. He said the expansion is also expected to reduce shipping costs by $200 per TEU.
Mr Ponea noted that the country plans to further expand the deep-water port in the coming years, with the goal of reaching a container-handling capacity of 2.637 million TEU per year by 2030.
The port will then be directly connected to global ports without any depth restrictions.
SeaNews Turkey
The expansion, which added 253 metres to the port, began in May 2023 with a total investment of US$37.5 million. Of this, $10 million was financed by Japan, while $27.5 million came from PAS's own budget.
The government also contributed by covering customs duties and taxes, according to Minister of Public Works and Transport Peng Ponea, reports The Phnom Penh Post.
Mr Ponea explained that the extension increased the port's container handling capacity from 550,000 TEU to one million TEU per year.
The port can now accommodate ships with a draft of up to 10.4 metres, increasing the percentage of global ships able to dock from 18 per cent to 38 per cent, with its capacity in Asia rising to 49.25 per cent.
The minister also highlighted the port's revenue performance for 2023, including nearly 800,000 TEU of containers processed, 1,506 vessels with a total carrying capacity of 19 million tonnes and total earnings exceeding $95 million - all representing positive growth.
'By the end of July 2024, the volume of goods handled reached 5.7 million tonnes, an increase of 26.52 per cent. The volume of containers processed exceeded 520,000 TEU, up 26.18 per cent. Business revenue surpassed $66 million, a 26 per cent increase compared to the same period last year, marking unprecedented growth,' he said.
According to Mr Ponea, the port is currently constructing the first phase of a deep-water port with a length of 350 metres and a water depth of 14.5 metres.
He noted that this will increase the total capacity to 1.4 million TEU per year, allowing 93 per cent of Asia-Pacific vessels to dock. He said the expansion is also expected to reduce shipping costs by $200 per TEU.
Mr Ponea noted that the country plans to further expand the deep-water port in the coming years, with the goal of reaching a container-handling capacity of 2.637 million TEU per year by 2030.
The port will then be directly connected to global ports without any depth restrictions.
SeaNews Turkey