22 Dec 2014
CAMBODIA: Australian logistics group Toll has divested its 55% stake in the Toll Royal Railway joint venture to its local partner Royal Group with effect from December 19.
Toll Royal Railway took over the dilapidated metre-gauge network in 2009 under a 30-year concession. The Asian Development Bank and Australian development agency AusAID have provided financial support for rehabilitation, and the 264 km Phnom Penh – Sihanoukville Southern line now carries containers, fuel, coal and cement. However there have been delays to the infrastructure upgrading programme, and disputes about compensating people affected by the railway rehabilitation.
‘The decision to divest our interest in the concession was not taken lightly, but it was decided after generating lower-than-expected returns over a period of time,’ said Toll Group Managing Director Brian Kruger on December 22. ‘In addition, setbacks and delays in track rehabilitation works by external contractors over the past two years has in our view also impeded the efficient operation, and hence economic viability for Toll.’
Kruger said Royal Group would continue with operation and redevelopment of the network. He said Toll Royal Railway ‘has prided itself on the professional approach it has taken to training staff, safety management, community education, operational excellence and reducing road congestion, and Toll recognises the importance of the improvement of logistics services to support the growth and prosperity of Cambodia.’
Toll is to retain a presence in Cambodia through its freight forwarding operations, and will be Royal Group’s preferred supplier for domestic land transport and warehousing.
- A detailed report on the Cambodian railway upgrading programme appeared in the August 2012 issue ofRailway Gazette International, which is available to subscribers via our digital archive.
4 comments:
Begin of Drgunzet's comment.
See? What a sad country. Cambodia is not making much progress even getting a lot of help from other superior races.
-Drgunzet-
#comcomWF is another troll of -Drgunzet- that is a new born Vietnamese/Yuon parasite.
Hey #comcomWF,
Keep pounding, cum and cum until you say, "Oh what the fuck, Yay!" My Yuon/Vietnamese virgina whole was filled with sperm of -Drgunzet-.
Whew...Yuon/Vietnamese thieves are very disgusted and yuck!
See the way #comcomWF laugh like Vietgooks...
That is why you, a Viet dog eat shitting parasite "#comcomWF" receive what you deserve because you came here to bother Khmerization readers. So, don't say Khmer is bad because of your interference and annoyance when you dare on this site that is not your Vietnamese/Yuon blogging sites. Are you out of your mind? Go back to your Hanoi blogging site where you belong, Vietgook #comcomWF who is -Drgunzet-.
#comcomWF is another troll of -Drgunzet- that is a new born Vietnamese/Yuon parasite.
Hey #comcomWF,
Keep pounding, cum and cum until you say, "Oh what the fuck, Yay!" My Yuon/Vietnamese virgina whole was filled with sperm of -Drgunzet-.
Whew...Yuon/Vietnamese thieves are very disgusted and yuck!
See the way #comcomWF laugh like Vietgooks...
That is why you, a Viet dog eat shitting parasite "#comcomWF" receive what you deserve because you came here to bother Khmerization readers. So, don't say Khmer is bad because of your interference and annoyance when you dare on this site that is not your Vietnamese/Yuon blogging sites. Are you out of your mind? Go back to your Hanoi blogging site where you belong, Vietgook #comcomWF who is -Drgunzet-.
Vietnamese dog eating shitter -Drgunzet- is blah blah blah, trying to clone another -Drgunzet- to be named as #comcomWF and then multiple -Drgunzet- as Vietnamese parasites all over the internet. What is Vietnamese dog eating shitter -Drgunzet- is doing? Is he trying to improve his English writing and fake story about others including the sources/references created by gullible journalists who have no ideas the hidden Yuon/Vietnamese parasites on the Internet as well as some sources that created and written by the criminal Vietnamese thieves like -Drgunzet- to fool the readers worldwide. That is how they [Yuon/Vietnamese criminals and thieves] like -Drgunzet- to play the stupid smart-ass and to be clever to find ways to fool readers again and again for non-stop to fulfill their evil and ghost Ho Chi Minh. Oh boy, that kind of Vietnamese animals like -Drgunzet- are they doing on the planet? Show off? Show off their wealth and land stolen from other owners like Khmer and Cham on earth? Oh Dear God help this Vietnamese parasite -Drgunzet- to go to the helll. LOL...Funny!
Yes, that is true that -Drgunzet- and a new born Vietnamese parasite of -Drgunzet- called #comcomWF who think that readers around the world and Khmer readers at home and abroad are fooled enough to lose their temptations when it comes to the shitty comments from -Drgunzet- and #comcomWF (a new born -Drgunzet-). The world is full of smart readers or people who are fooled by -Drgunzet-, but those smart readers are not from the unknown places where -Drgunzet- is located and -Drgunzet- thinks this Vietnamese dog eater -Drgunzet- has thoughts the readers can be gullible about his comments or sources. That is how the Vietnamese thieves and criminals as hidden Vietnamese agents everywhere try to kill someone to take over the territory and distort the victims' identity and history (i.e. Cham and Khmer Krom). So, -Drgunzet- is so dumb enough to think that worldwide and Khmer readers are as this Vietnamese dog eaters including Vietnamese dog eating troll -Drgunzet- think.
Vietnamese dog eater -Drgunzet- talks like a King with a giant gun bigger than his head to dare. LOL
-Drgunzet- does not realize that the Vietnamese dog eaters and hidden Yuon/Vietnamese agents every corner of the planet try their best to fool the readers here.
-Drgunzet- seems to have a problem mentally and thinks the smart readers are gullible to believe comments.
-Drgunzet- will be running out of his ability to post any more comments to manipulate other readers around the world. I am sure will be another new born of -Drgunzet- to be like whatsoever as you saw the name as #comcomWF.
Keep going Vietnamese dog eating posters and keep going on with your wet dream to fulfill your evil Ho Chi Minh.
Can you imagine being able to catch the train from Thailand to Cambodia, down through the rice fields before going to the beach. It's beautiful," said Australian Ray Yager, a spokesman for the Royal Group in Phnom Penh.
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