Phnom Penh: Mr. Sun Chanthol, Senior Minister, Minister of Public Works and Transport of the Kingdom of Cambodia and in his capacity as Chairman of the ASEAN Transport Ministers Meeting remarked that it is estimated that ASEAN requires approximately US$ 210 billion per year until 2030 to invest in quality infrastructure to improve the efficiencies of the region’s transport, logistics, and supply chain.
Mr. Sun Chanthol added that Cambodia requires approximately US$48 billion to implement 330 projects identified in the Intermodal Transport Connectivity and Logistics System Master Plan in the next 10 years.
The 27th ASEAN Transport Ministers Meeting (ATM) with United States-ASEAN Business Council (USABC) chaired by Mr. Senior Minister Sun Chanthol, Chairman of the ASEAN Transport Ministers Meeting via video conference on November 11, 2021 with Mr. Ambassador Michael W. Michalak, Senior Vice President & Regional Managing Director, USABC, Excellencies ASEAN Transport Ministers, Secretary General of ASEAN, USABC members and distinguished delegates.
He also shared with the participants some of the 27th ATM meeting’s key outcomes and priorities including the conclusion of the Protocol to implement the 12th Package of Commitments on Air Transport Services under the ASEAN Framework Agreement on Services, completion of the negotiations of the ASEAN-EU Comprehensive Air Transport Agreement, launching of the implementation of Protocol 7 on ASEAN Customs Transit System of the ASEAN Framework Agreement on the Facilitation of Goods in Transit, and the adoption of the Phnom Penh Declaration on Sustainable Urban Mobility that further enhances the integration of sustainable metropolitan transport and land use planning in ASEAN.
Mr. Sun Chanthol further commented on the problems of traffic accidents within the ASEAN region every year which requires the participation of the private sector to come up with sustainable programs to reduce the accident rate.