PPAP Takes Lead Role in Funan Canal with 25% Investment

The Phnom Penh Autonomous Port (PPAP) has announced a significant investment in the Funan Techo Inland Waterway and Logistics Co., Ltd. This investment marks PPAP’s acquisition of a 25% stake in the ambitious Funan Techo Canal project. PPAP's investment is part of the total $1.7 billion earmarked for the Funan Techo Canal project.

The project, greenlit by Prime Minister Samdech Moha Bovor Thipadei Hun Manet, is a monumental undertaking aimed at constructing a 180-kilometer canal connecting the Mekong River to the sea. The waterway will traverse four provinces: Kandal, Takeo, Kampot, and Kep.

The canal's groundbreaking ceremony was on August 5, 2024, with the initial phase focusing on a 21-kilometer stretch. Upon completion, the canal is expected to revolutionize transportation in Cambodia, reducing travel time and costs between PPAP and both domestic and international seaports.

PPAP's involvement in the project is strategic, as it seeks to expand its shipping routes and capitalize on the expected economic growth spurred by the new waterway. The company will collaborate with Funan Techo Inland Waterway and Logistics Co., Ltd. to operate the canal.

The Funan Techo Canal is the brainchild of former Prime Minister and current Senate President Samdech Akka Moha Sena Padei Techo Hun Sen. It is envisioned as a legacy project for future generations, promising substantial socio-economic benefits to Cambodia.

Beyond transportation, the canal is expected to bolster agriculture through improved irrigation and flood control systems.

This is anticipated to increase agricultural productivity in the southwestern region of the country.
The Funan Techo Canal project is poised to significantly enhance Cambodia's infrastructure, fostering economic growth and development.