Stock exchange building delayed
Signing US$6 million bourse building deal between the Ministry of Finance and South Koran Developer World City, which was expected to happen this month, was delayed. The fourth-story stock exchange building was planned to take eight months to complete once the green light is installed.
No exact date has been set yet but it is expected that the deal signing will be delayed until at the end of the year. Initially, it was slated to launch the new bourse on September 9 but it was revised to before the end of the year as that date approached.
Kheng Ser, assistant to World City Vice President Duk-Kon Kim, the developer of the $2 billion Camko City satellite city to the north of Phnom Penh’s Boeung Kak lake, also said the signing was expected to take place this month, but he acknowledged that it could still be delayed until November, according to the Phnom Penh Post.
Architectural plans for the building are still to be finalised after ministry officials sent the initial plans back for modifications in July for not being Khmer enough, continued The Post.
