Firms May Invest in Light Rail, Traffic Lights
Japanese technology companies Toshiba Corp and Kyosan Electric have met with Phnom Penh Municipality to discuss investing in a light rail system and new traffic light network.
According to an announcement on the municipality's website yesterday, Kazutoshi Fukuda, managing director of Kyosan Electric, and Yasuyoshi Mugiya, senior managing director for Toshiba, met with municipal governor Kep Chuktema on Wednesday to present technologies that could ameliorate Phnom Perth's traffic congestion and improve the city's transit infrastructure.
"[Mr. Fukuda] had presented the new technology to establish electric light rail transit [LRT] which [...] could alleviate air pollution in the city," the municipality said in a statement Mr. Mugiya presented technologies from Toshiba that would allow traffic lights to measure the level of traffic congestion on Phnom Penh's streets. Both investments are in their early stages and Yuji Imamura, an adviser to the Council for the Development of Cambodia, who works for the Japan International Cooperation Agency, said that neither company had yet submitted an investment application to the government.
Hiromitsu Iwatate, chairman of the Japanese Business Association of Cambodia, said the interest from the two companies made sense considering the level of investment still needed in Cambodia's urban transport infrastructure.
"I guess they want to sell their product in the Cambodian infrastructure market, which has a lot of room to improve," he said. "In Phnom Penh now there are a lot of traffic jams."
However, Mr. Iwatate added that investment in a light rail system would be a massive undertaking and would probably require outside funding. 'That kind of Iran transportation system would be not feasible [without] financing from the ADB [Asia Development Bank] or the World Bank to promote development" he said.
In July 2011, the government signed a memorandum of understanding with French engineering firm Systra to conduct a $726,000 feasibility study on the construction of a rail fine from Phnom Penh International Airport to the Royal Railway Station.
Aline Perrette, an assistant to Jean-Jacques Guillaudeau, director of the economics arm of the French Embassy, said the feasibility study, which began last October, was still under way. (Additional reporting by Hul Reaksmey)
Details:
Document Title:Firms May Invest in Light Rail, Traffic Lights
Document Source: The Cambodia Daily (Cambodia)
Document Date: 1/24/2012
Japanese technology companies Toshiba Corp and Kyosan Electric have met with Phnom Penh Municipality to discuss investing in a light rail system and new traffic light network.
According to an announcement on the municipality's website yesterday, Kazutoshi Fukuda, managing director of Kyosan Electric, and Yasuyoshi Mugiya, senior managing director for Toshiba, met with municipal governor Kep Chuktema on Wednesday to present technologies that could ameliorate Phnom Perth's traffic congestion and improve the city's transit infrastructure.
"[Mr. Fukuda] had presented the new technology to establish electric light rail transit [LRT] which [...] could alleviate air pollution in the city," the municipality said in a statement Mr. Mugiya presented technologies from Toshiba that would allow traffic lights to measure the level of traffic congestion on Phnom Penh's streets. Both investments are in their early stages and Yuji Imamura, an adviser to the Council for the Development of Cambodia, who works for the Japan International Cooperation Agency, said that neither company had yet submitted an investment application to the government.
Hiromitsu Iwatate, chairman of the Japanese Business Association of Cambodia, said the interest from the two companies made sense considering the level of investment still needed in Cambodia's urban transport infrastructure.
"I guess they want to sell their product in the Cambodian infrastructure market, which has a lot of room to improve," he said. "In Phnom Penh now there are a lot of traffic jams."
However, Mr. Iwatate added that investment in a light rail system would be a massive undertaking and would probably require outside funding. 'That kind of Iran transportation system would be not feasible [without] financing from the ADB [Asia Development Bank] or the World Bank to promote development" he said.
In July 2011, the government signed a memorandum of understanding with French engineering firm Systra to conduct a $726,000 feasibility study on the construction of a rail fine from Phnom Penh International Airport to the Royal Railway Station.
Aline Perrette, an assistant to Jean-Jacques Guillaudeau, director of the economics arm of the French Embassy, said the feasibility study, which began last October, was still under way. (Additional reporting by Hul Reaksmey)
Details:
Document Title:Firms May Invest in Light Rail, Traffic Lights
Document Source: The Cambodia Daily (Cambodia)
Document Date: 1/24/2012
