Cambodia's Ministry of Public Works and Transport and the International Finance Corporation (IFC) have signed a financial advisory services agreement on the development of a US$200 million logistics complex in the coastal southwestern province of Sihanoukville.

The agreement entails that the IFC will assist the Cambodian government in conducting a global competitive bidding process to choose a competent private developer, in compliance with the country's legislation on public-private partnerships (PPP). Under the long-term PPP agreement:

• The appointed developer will finance, develop, and operate the infrastructure, facilities, and systems within the complex; and
• The tender award to the winning bidder is likely to be granted by late 2024, with the hub to be constructed over 3 years.

The development of the project will occur in multiple stages with the objective of enhancing efficiency and reducing logistics expenses. Given its strategic position along the coast, the port is conveniently linked to the capital city through various means of transportation, including the Phnom Penh-Sihanoukville Expressway, railways, and an airport.