Cambodia can play a key role in promoting regional trade: World Bank

The report, ‘Cambodia’s Regional Connectivity: Unlocking the Full Potential of Transport Corridors’, identifies critical challenges in Cambodia’s transport sector and proposes targeted investments and policy measures to improve regional connectivity.

The Cambodian government developed the Comprehensive Intermodal Transport and Logistics System (CITLS) Master Plan for 2023–2033 to improve the performance and efficiency of the transport sector and support the achievement of the national development objectives defined in its Pentagonal Strategy Phase 1. In this context, the World Bank report provides complementary recommendations that focus on immediate investments and policy actions to unlock opportunities along key existing transport corridors in Cambodia.

“A comprehensive approach to transport network development will help improve Cambodia’s competitiveness, unlock its export potential and promote trade in the region,” said Tania Meyer, World Bank Country Manager for Cambodia.

Cambodia’s export-driven growth has resulted in increased demand to move ever-larger volumes of goods and cargo more efficiently along its transport network and across its borders. The report proposes priority investments and policy actions to improve the performance of the existing road, rail and inland waterway transport.

A comprehensive and coordinated approach to transport network development with a focus on climate resilience will help improve competitiveness, increase economic efficiency, and promote trade in the region, according to the report.

Fibre2Fashion News Desk (RKS)