A call is being made for private sector investment for a million project to develop ecotourism products in Cambodia’s Cardamom Mountains and Tonle Sap area, the
newspaper writes.
The Cardamom Mountains-Tonle Sap (CMTS) landscape spans more than 3.8 million hectares across seven provinces, it recalls, adding that under the project, ecotourism corridors will be created to link the tourism hubs of Siem Reap and Phnom Penh with the Cardamom Mountains and Tonle Sap Lake.
To encourage investors, two laws have been created for small-scale development projects: 15-year renewal concession contracts for those less than 10 hectares, and up to 50 years renewal for medium-scale projects. In addition, guidelines have been drawn up detailing the prakas (official proclamations) and investment rules and regulations, the Khmer Times explains.
