A groundbreaking ceremony was recently held to mark the commencement of a noteworthy construction and development project in Daun Penh. The project, by EDCPO (Cambodia), a local developer, involves the establishment of an underground car park, shopping mall, restaurant, and various other services within a public park near the old market in Wat Phnom. The government has approved the investment in this mixed-use commercial within the Daun Penh district.
The primary objective is to address the issue of limited public parking spaces in the city while simultaneously creating new avenues for business growth. The approved plan encompasses the construction of a four-story building spanning an impressive area of 33,120 square meters. Two of these floors will be thoughtfully designated for parking, providing ample room to accommodate 516 vehicles, while the remaining two floors will be occupied by a supermarket and restaurants.
Daun Penh has emerged as a prominent junction and a thriving residential-commercial hub at the heart of Phnom Penh. The district experiences a constant stream of traffic encompassing diverse sectors such as banking, finance, modern trade services, warehousing, product distribution, and multi-faceted trading. These dynamic activities have contributed to the city's overall liveliness. Consequently, the construction of public parking facilities, along with complementary commercial development, is deemed a favourable solution for mitigating traffic congestion and supporting Phnom Penh's growth.
Overall, this project is set to contribute significantly to the growth and development of the Daun Penh district, further establishing it as a commercial and residential hub within Phnom Penh.
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