Economic Land Concessions in Cambodia
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Economic Land Concessions in Cambodia
Government makes $6m from land concessions
November 8, 2018
The government earned $6.6 million in revenue from economic land concessions (ELCs), despite the fact that less than half of the firms granted the concessions paid rental fees, according to a report presented to the United Nations Special Rapporteur on Human Rights.
In the report, handed to UN’s Rhona Smith by Minister of Agriculture Veng Sakhon on Monday in Phnom Penh, the Ministry of Agriculture, Forestry, and Fisheries said it received $6.6 million from 229 companies that were given ELCs.
It said that ELCs now cover 1,178,646 hectares of land in 19 provinces.
Srey Vuthy, the ministry’s secretary-general, said only about 40 percent of ELCs generate revenue for the government. He explained that firms that have not started to develop the land do not pay rent.
“We only collected money for about 40 percent of the land, as not all the companies have begun operations,” he said.
So far, the government has granted concessions to 330 firms, but 101 of those licenses – the equivalent of 748,064 hectares – were revoked due to inactivity, according to the ministry.
A report from human rights group Licadho found that there were actually 275 firms with ELCs in Cambodia, having the rights to more than 2 million hectares of land.
Most ELCs are used for planting rubber, cassava, palm oil, and sugar cane, the ministry’s report said.
https://www.khmertimeskh.com/50548305/g ... ncessions/
November 8, 2018
The government earned $6.6 million in revenue from economic land concessions (ELCs), despite the fact that less than half of the firms granted the concessions paid rental fees, according to a report presented to the United Nations Special Rapporteur on Human Rights.
In the report, handed to UN’s Rhona Smith by Minister of Agriculture Veng Sakhon on Monday in Phnom Penh, the Ministry of Agriculture, Forestry, and Fisheries said it received $6.6 million from 229 companies that were given ELCs.
It said that ELCs now cover 1,178,646 hectares of land in 19 provinces.
Srey Vuthy, the ministry’s secretary-general, said only about 40 percent of ELCs generate revenue for the government. He explained that firms that have not started to develop the land do not pay rent.
“We only collected money for about 40 percent of the land, as not all the companies have begun operations,” he said.
So far, the government has granted concessions to 330 firms, but 101 of those licenses – the equivalent of 748,064 hectares – were revoked due to inactivity, according to the ministry.
A report from human rights group Licadho found that there were actually 275 firms with ELCs in Cambodia, having the rights to more than 2 million hectares of land.
Most ELCs are used for planting rubber, cassava, palm oil, and sugar cane, the ministry’s report said.
https://www.khmertimeskh.com/50548305/g ... ncessions/
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- Duncan
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Re: Economic Land Concessions in Cambodia
I wonder if that is a '' one off '' payment or a yearly payment ? Either way you look at it , it can be a bargain if it was a Baung Kak and you cut it up and sold it.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
Re: Economic Land Concessions in Cambodia
Well, that makes land concessions in Cambodia the cheapest in our universe. A whopping 5,59$ per hectare. What a joke.....
Even the cheapest land with the worst conditions is worth more than that.
<edit>
Did some math, simply couldn't believe it.
Cambodia measures a bit over 18.000.000 ha.
Over 1.000.000 ha given out in ELC's.
There's about 16.000.000 Cambodians in Cambodia.
Cambodia has given out about 5% of it's land area in concessions, and the 'official revenue' of that was about 0,38$ per head in Cambodia. If they would have given out the whole country as a concession at the same price the 'official revenue' would have been about 7,60 $ per head.
</edit>
Even the cheapest land with the worst conditions is worth more than that.
<edit>
Did some math, simply couldn't believe it.
Cambodia measures a bit over 18.000.000 ha.
Over 1.000.000 ha given out in ELC's.
There's about 16.000.000 Cambodians in Cambodia.
Cambodia has given out about 5% of it's land area in concessions, and the 'official revenue' of that was about 0,38$ per head in Cambodia. If they would have given out the whole country as a concession at the same price the 'official revenue' would have been about 7,60 $ per head.
</edit>
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