Cambodia Launches $1.7 Billion Funan Techo Canal Project

On August 5, 2024, Cambodia began construction of the $1.7 billion Funan Techo Canal, a 180-kilometer waterway that will link Phnom Penh to the Gulf of Thailand, aiming to strengthen Cambodia’s direct access to international trade routes. The government anticipates significant economic benefits from the canal, enhancing logistical efficiency and reducing dependence on neighboring ports. While some residents along the route have raised questions about compensation, officials are working to address local concerns. The project also includes environmental assessments to ensure sustainable development and minimal impact on the surrounding ecosystems.