World Bank: Cambodia’s key role in advancing regional trade and connectivity through multimodal transport development
World Bank: Cambodia’s key role in advancing regional trade and connectivity through multimodal transport development
Cambodia can play an important role in promoting regional trade and connectivity by enhancing its transport links with neighbouring countries and embracing its vision of enhancing multimodal transport development.
A new World Bank 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.
“Regional connectivity and logistics development are Cambodia’s top priorities; strengthening our capacities will be key,” said Peng Ponea, Minister of Public Works and Transport. “They can help position Cambodia as one of the key players in regional connectivity and boost trade along the global supply chains.”
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 I.
This World Bank report provides complementary recommendations that focus on immediate investments and policy actions to unlock opportunities along key existing transport corridors in Cambodia.
“The report brought together key stakeholders from the government, the private sector, and development partners to explore options to enhance Cambodia’s transport sector and regional connectivity,” said Tania Meyer, World Bank Country Manager for Cambodia.
“A comprehensive approach to transport network development will help improve Cambodia’s competitiveness, unlock its export potential and promote trade in the region.”
Cambodia’s export-driven growth has resulted in increased demand for moving 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.
