Gov. reveals US$3.5 bn investment to upgrade Cambodia’s airports
Gov. reveals US.5 bn investment to upgrade Cambodia’s airports
The government has announced that US$3.5 billion is to be invested will building, expanding and renovating all Cambodian airports in the aviation development program from 2015 to 2023, as part of the Open Sky policy and the government’s vision to accelerate domestic transportation and link Cambodia to international trade hubs.
This aviation development plan was revealed by HE Sin Chan Seikvutha, Deputy Director-General of Technical Secretariat of Civil Aviation at a press conference on the progress and working direction of the Secretariat of Civil Aviation on Thursday 16 April 2020.
Significant investment will be made into at least 10 airport projects in Cambodia both for rehabilitation and rebuilding projects. Those projects include:
1. Phnom Penh International Airport has invested US$332 million for renovations and expansion. (Read more)
2. Siem Reap International Airport has an additional investment of US$174 million. (Read more)
3. Sihanoukville International Airport has an additional investment of US$180 million. (Read more)
Investment in these three airports is either from SCA or the Cambodian airport concession company.
4. New Phnom Penh International Airport: US$1.5 billion construction investment by Cambodian Overseas Investment Company (OCIC).Located at the border of Kandal and Takeo provinces, currently 30% complete. (Read more)
5. New Siem Reap International Airport: Investment from Yunnan Investment Holdings Ltd (YIHL) will cost about $980 million on 700 hectares of land, including a 1,000-hectare Special Economic Zone. (Read more)
6. Dara Sakor Airport: An investment from Union Development Group (UDG) with a total investment of US$200 million. The first stage of this project is expected to be completed by May. (Read more)
7. Fourth International Airport – Koh Kong Airport: A US$60 million joint-investment projects from a local company Lyon Phat and Bangkok Airways. (Read more)
8. Poipet Airport: The developer is Poipet Airport Investment Company investing US$50 million. (Read more)
9. Mondulkiri Airport: Built to 4C standard, it will cost about US$60 million. The government will prepare about 300 hectares of land for the project and a year for a feasibility study. (Read more)
10. Battambang Airport: This project is currently undergoing a feasibility study by French company Airaviata (AAT) Cambodia Regional Airlines Company. The Secretariat of Civil Aviation stated that this airport would potentially be divided into three phases, with the government opting for a new location for the three-phase plan. For the time being, the old Battambang airport will receive a planning budget to rehabilitate, improve and upgrade standards. (Read more)
In short, the development, rehabilitation, and upgrading of new and existing airports in Cambodia is a response to the growth of both domestic travel and economic development. In Battambang province, the number of tourists has increased by 6% per year according to the Ministry of Tourism.
Cambodia is also busy improving and modernizing the air traffic management system to a more advanced level.
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Source: construction property news