The Cambodian government has recently announced a significant measure aimed at promoting economic development and supporting vital infrastructure projects. The Ministry of Economy and Finance, in collaboration with the Ministry of Land Management, Urban Planning, and Construction, has introduced the exemption of three crucial public service fees. These exemptions aim to positively impact various sectors, including construction, affordable housing, and surveying. By alleviating financial burdens, the government seeks to facilitate infrastructure development and enhance the overall progress of the country.
Exemption 1: Construction Permits for Private Hospitals, Private Schools, and Affordable Housing
The first exemption encompasses the provision of construction principles, land development principles, and issuance of construction permits. Moreover, the exemption extends to construction permits that exceed the official maximum land use index level. Notably, this exemption applies specifically to applications related to the construction of private hospitals, private school buildings, and affordable housing projects. By removing the associated fees, the government aims to encourage the development of essential facilities and expand the availability of affordable housing options.
Exemption 2: Initial Registration of Co-ownership Buildings for Affordable Housing
In addition to the construction permits, the government has waived fees for the initial registration of the private portion of co-ownership buildings in affordable housing development projects. This exemption aims to streamline the administrative process and reduce financial barriers for developers focusing on affordable housing initiatives. By eliminating this financial burden, the government seeks to expedite the construction and completion of affordable housing projects, thereby addressing the pressing need for accessible and sustainable residential solutions.
Exemption 3: First Measurement Certificate for Civil Servant Surveyors
Furthermore, the government has decided to waive fees associated with providing the first measurement certificate for surveyors who are civil servants. This exemption underlines the government's commitment to supporting professionals in the field and promoting the highest standards of accuracy and reliability in land measurements. By easing financial burdens for surveyors, the government encourages their continued excellence and proficiency, which ultimately contributes to the overall quality and credibility of land surveying in the country.
The introduction of these exemptions serves as a catalyst for fostering the construction of affordable housing and supporting infrastructure development in Cambodia. By eliminating fees associated with construction permits and initial registrations, the government encourages private sector participation and investment in these sectors. This initiative not only stimulates economic growth but also addresses the critical need for affordable and sustainable residential solutions.
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