The airport construction will finish in October this year as works are proceeding as planned, read the report. “The airport’s official commencement is set for mid-2025,” the same source pointed out.

The report added that the construction of the main infrastructure of the Techo International Airport project was completed as planned.

The construction of terminals is now 58.6 percent completed, power supply centres 76.8 percent, air field related works 64.4 percent and air traffic control tower 100 percent.

Managed by Cambodia Airport Investment Co., Ltd., the project is a public-private partnership between Overseas Cambodian Investment Corporation with a 90 percent stake and the remaining 10 percent belongs to the State Secretariat of Civil Aviation.

The Cambodia Airport Investment has spent a total construction cost of US$961 million.

As a large-scale international airport level/Class 4F, built over 2,600 hectares of land, this airport is divided into three phases of construction – Phase 1 from 2020 to 2030, Phase 2 from 2030 to 2050 and Phase 3 from 2050 onwards.

KTI in the first phase will be capable of handling a maximum of 13 million passengers and 175,000 tonnes of cargo per year.

Cambodia has currently three international airports, two of which – Phnom Penh International Airport and Sihanoukville International Airport – are under the management of Cambodia Airports, while the Siem Reap-Angkor International Airport is managed by Angkor International Airport Investment (Cambodia) Co., Ltd., an affiliate of China’s Yunnan Investment Holdings Ltd.

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Cambodia’s ambitious infrastructure push takes flight with the recently inaugurated Siem Reap Angkor International Airport, a $1.1 billion jewel poised to propel tourism and economic growth. But the story doesn’t end there. On the ground, another monumental project awaits its turn: the Techo Funan Canal, a $1.7 billion waterway carving a path from the Mekong River to the open sea, recently granted the green light by the government. And towering above them all, the Phnom Penh International Airport, the biggest international gateway in the making, stands half-built, its completion slated for late 2024.

The skies above Siem Reap sparkled with excitement on November 16th, 2023, as the grand inauguration of the Siem Reap Angkor International Airport took center stage. This $1.1 billion marvel, stretching majestically across 700 hectares, is poised to become a tourism magnet and a potent economic driver for both Siem Reap province and Cambodia at large.

Airbus A340-300s and Boeing 777s gracefully glide onto the runway, ferrying eager tourists to the wonders of Angkor Wat. The airport boasts an impressive capacity to handle 7 million passengers annually in its initial phase, with the infrastructure designed to eventually accommodate a staggering 20 million passengers by 2040.

This visionary project is a joint venture between three Chinese companies – Yunnan Investment Company, Yunnan Construction Company, and Yunnan Airport Operations Management Company – united under the banner of Angkor International Airport Investment (AIAI).

Cambodia’s waterways are about to witness a transformative leap with the Techo Funan Canal, a groundbreaking $1.7 billion project that will stitch the mighty Mekong River to the open sea. This 180-kilometer marvel, meticulously planned as a public-private partnership (PPP), stands as a testament to Cambodia’s commitment to self-reliance, opting for private investment instead of foreign loans.

The canal’s two navigation lanes, each carving an impressive 100 meters of upstream and 80 meters of downstream water. This maritime masterpiece promises to revolutionize trade and commerce, with its four-year construction timeline paving the way for dams, bridges, and a scenic 208-kilometer riverside path that will touch the lives of an estimated 1.6 million residents across four provinces.

The crown jewel of Cambodia’s aviation ambitions is yet to come Phnom Penh International Airport will be a large international airport, able to handle the biggest aircraft such as the Airbus A380 and Boeing 747. It will initially have a capacity of millions of passengers per year, with plenty of room to grow. The first phase of the airport will have numerous aircraft gates. The existing Phnom Penh Airport will be used for domestic flights, private jets, military and government use.

The Cambodian government has authorized the development company to build and develop the new Phnom Penh International Airport in southern Cambodia. The first phase of the project is a new airport with a total investment of billions of dollars.

The new airport is designed for tens of millions of passengers and will have advanced infrastructure, including three runways and a satellite terminal. Construction is over halfway complete and is expected to be finished by the end of 2024. The airport will start operating next year.

These three projects, though at different stages, are intricately woven together. Siem Reap attracts tourists, who then connect to the wider world through Phnom Penh. The Techo Funan Canal facilitates trade, feeding the economic growth fuelled by tourism. Together, they create a synergistic effect, propelling Cambodia’s ascent on the regional and global stage.

The post Building the Future: Cambodia’s infrastructure boom boasts combined value of over $4 billion first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The airport started its commercial operation on Oct. 16 with daily 34 flight movements, according to the State Secretariat of Civil Aviation.

“This new opportunity will become a strong and important potential for tourism in Siem Reap province as well as in the country as a whole. This will attract investors as well as provide local economic benefits for the people,” Samdech Thipadei Hun Manet said on Oct. 31 on his Telegram channel.

Covering an area of 700 hectares in Tayek commune of Sotr Nikum district, about 50 kilometers from Siem Reap provincial city, the SAI has been invested by the Angkor International Airport Investment (Cambodia) Co., Ltd., an affiliate of China’s Yunnan Investment Holdings Ltd. with a total investment of US$1.1 billion.

As a 4E-level international airport that can accommodate long-distance flights from across the globe with a 3,600-meter runway and 38 berths, SAI is able to manage seven million passengers annually and is expected to increase its capacity to a staggering 12 million passengers a year from 2040.

Cambodia’s famed Angkor Archaeological Park sold entrance passes to 539,561 foreign tourists in the first nine months of this year, earning US$24.95 million, an increase of 365 percent compared to the same period last year.

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The airport recorded 17 flights or 34 flights movement since the commencement of operations last week, SSC’s Under Secretary of State H.E Sin Chansereyvutha said on Tuesday.

“After the commencement, the number of air passengers has increased significantly to 2,600, remarkably increasing from over 1,000 passengers on the same numbers of 17 flights (at old Siem Reap International Airport),” he said.

The increase in the number of air passengers could be of the high season starting from October with about 80 percent of the total aircraft seats of each airline occupied. H.E Sin Chansereyvutha, who is also SSCA’s spokesman, said.

Currently, there are seven airlines operating at the Siem Reap Angkor International Airport, six foreign airlines and a local airline.

Located in Tayek commune, in Sotr Nikum district, and stretching 50 kilometers from Siem Reap provincial city, the Siem Reap-Angkor International Airport commenced operations on Oct. 16.

As a 4E-level international airport that can accommodate long-distance flights from across the globe with a 3,600-meter runway and 38 berths, SAI is able to manage seven million passengers annually and is expected to increase its capacity to a staggering 12 million passengers a year from 2040.

In terms of cargo, the new airport has the capacity to handle 10,000 tonnes of air cargo per year from 2023, increasing to 26,000 tonnes annually from 2040. In addition, the airport can accommodate 65,800 flights per year in 2023, soaring up to 112,700 flights a year from 2040.

The SAI has been invested by the Angkor International Airport Investment (Cambodia) Co., Ltd., an affiliate of China’s Yunnan Investment Holdings Ltd with a total investment of US$1.1 billion.

The post Siem Reap Angkor int’l airport records high of daily passengers first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The airport, located 50 kilometers southeast of Siem Reap and 40 kilometers from Angkor Wat, will be able to accommodate large aircraft and handle up to 10 million passengers per year.

It is being built on a 700-hectare site and will have a runway that can accommodate aircraft up to code E, such as the Airbus A340-300, A350-900, and Boeing 777 and 747. The airport will also have 38 flight lines and could accommodate up to 7 million passengers annually.

The airport is being developed by Angkor International Airport Investment (AIAI), a joint venture between three Chinese companies: Yunnan Investment Company, Yunnan Construction Company, and Yunnan Airport Operations Management Company. AIAI has a contract concession to operate the airport.

Once the new airport is open, the old Siem Reap International Airport will be converted into an international conference and exhibition hall. This proposal was made by Minister of Tourism Thong Khon to Prime Minister Hun Sen recently.

The opening of the new Siem Reap Angkor International Airport is a significant milestone for Cambodia’s tourism industry. The airport is expected to boost tourism arrivals and help the country achieve its goal of becoming a regional aviation hub.

The post $1.1 billion new Siem Reap airport set to open as planned first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The information was shared by Mr. Liu Minglin, Director General and Vice Chairman of the Board of Directors of Yunnan Investment Group Co., Ltd., the developer of Siem Reap-Angkor International Airport, while paying a courtesy call on Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen at the Peace Palace here this afternoon, according to H.E. Eang Sophalleth, Assistant to the Cambodian Premier.

Mr. Liu Minglin also informed Samdech Techo Hun Sen of his company’s intention to promote the airport to attract flights from other countries and to invest in solar energy in Siem Reap province.

Samdech Techo prime minister was happy with the construction progress of the airport, stressing that it will not only boost internal connectivity but also link Cambodia to other countries.

Samdech Techo Hun Sen welcomed the company’s plan to attract flights to Siem Reap and to invest in solar energy, saying that the company can consider investing in the production of solar panels for local supply and export.

The post Siem Reap-Angkor international airport to open in October first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

Mr. Tek Reth Samrech, Minister Delegate to the Prime Minister and Chairman of the Orientation Committee for the Construction of Siem Reap International Airport, and a high-level delegation from Yunnan Investment Group met on September 29, 2022.

Yunnan Investment, the company in charge of building the new Siem Reap International Airport (AIAI), is led by Vice President Liu Mingling, who also serves as CEO.

The Royal Government of Cambodia, represented by Samdech Vibol Panha Sok An, and AIAI signed the project in Phnom Penh in October 2016, under the chairmanship of Samdech Techo Hun Sen, Prime Minister of Cambodia, and Xi Jinping, President of the People’s Republic of China.

During the site inspection, Samdech Techo specifically mentioned the Siem Reap International Airport as a “North Star” project to promote tourism and economic growth in Siem Reap and Cambodia.

In April 2022, construction will begin. When the project is completed, the airport can accommodate large aircraft landings, conveying more tourists from around the world to the country.

The post Cambodia and China push the completion of the new Siem Reap airport in early 2023 first appeared on Estatedia | Economy & Real Estate Media in Cambodia.