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7 Carbon investment projects have been cancelled and the duration of economic land concession has been reduced

The government of Cambodia has decided to cancel 7 carbon investment projects and reduced the investment duration of economic land concession (6 projects) down to 50 years after reviewing environmental assessment reports of Ministry of Environment. According to an announcement of Ministry of Environment on October 16, 2015, after reviewing the environmental assessment reports of Ministry of Environment on 14 investment projects, Royal Government of Cambodia has decided that 6 economic land concession projects covering 45468 h.a in Koh Kong, Kompot and Pursat provinces could continue their operation within only 50 years.

By Phnom Penh Post Khmer

Cambodia, November 27, 2015

Phnom Penh Post Khmer

The government of Cambodia has decided to cancel 7 carbon investment projects and reduced the investment duration of economic land concession (6 projects) down to 50 years after reviewing environmental assessment reports of Ministry of Environment. According to an announcement of Ministry of Environment on October 16, 2015, after reviewing the environmental assessment reports of Ministry of Environment on 14 investment projects, Royal Government of Cambodia has decided that 6 economic land concession projects covering 45468 h.a in Koh Kong, Kompot and Pursat provinces could continue their operation within only 50 years. In addition, assessment reports of 8 carbon credit projects, which were assessed and monitored by Ministry of Environment, were submitted to the Royal Government of Cambodia. As a result, Royal Government of Cambodia has cancelled 7 projects and kept 6 months for another project to be monitored by Ministry of Environment and Ministry of Economic and Finance.

Translated by Mekong Eye

Read more in Cambodian language at Phnom Penh Post Khmer

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