A local firm - WorldBridge Group and Singapore-based YCH Group have entered into a partnership on the development of Phnom Penh Logistics Centre (PPLC), a move to enhance the logistics sector in the country.
The WorldBridge Group and YCH Group signed a memorandum of understanding on May 3 at the Ministry of Public Works and Transport by Neak Oknha Sear Rithy, Chairman of the Board of WorldBridge Group and Mr Robert Yap, Chief Executive Officer of YCH Group in the presence of H.E. Sun Chanthol, Senior Minister, Minister of Public Works and Transport.
The collaboration between Worldbridge Group and YCH Group will shape the Cambodian Logistics Centre to connect regional and global multimodal transport and logistics systems.
Speaking at the event, H.E. Sun Chanthol said that the Phnom Penh Logistics Centre will help strengthen Cambodia's connection with regional trade flows, especially in the countries along the Mekong River, including Myanmar, Laos, Cambodia, Thailand and Vietnam and China’s southwest region with competitiveness in terms of both time and shipping costs.