Construction of Techo International Airport 32% Complete; US$414m Spent

Construction on the new Techno International Airport is 32% complete as of early March, according to a Cambodia Airport Investment Co., Ltd. (CAIC) press release of 4 March.

CAIC added that a total amount of US$414 million has been spent to date on the development excluding the airport land investment.

Even though the COVID-19 pandemic and flooding during the rainy season caused some disruption to the construction, work has been proceeding as planned with the first phase scheduled to be completed in 2023.

The new Phnom Penh International Airport is a massive investment project worth over US$1.5 billion stretching over a 2,600-hectare plot in Kandal province.

CAIC is a joint venture between the Royal Government of Cambodia, represented by the State Secretariat of Civil Aviation, and OCIC. The firm has the rights to own, design, construct, finance, operate, maintain and manage the Techo International Airport.

To raise additional capital, CAIC and OCIC have also issued guaranteed bonds with a total value of US$300 million. Thus far, approximately US$160 million have been issued to banks, insurance companies, and government institutions. (Read more)

- Video Advertisement -

Related Post

Cambodia’s Banana Exports Flourish as China Remains Top Market

In a significant boost to its agricultural sector, Cambodia exported a remarkable 260,000 tons of fresh bananas in 2024, with a staggering 95% of this yield headed for the Chinese market. This surge in banana exports highlights Cambodia’s growing influence in the international agricultural arena. As of now, Cambodia boasts 21,000 hectares dedicated to yellow […]

Strengthening Support for Informal Economy Workers in Cambodia

On May 26, 2025, a significant partnership was established between the Cambodian Ministry of Labor and Vocational Training and the Japan International Labor Fund (JILAF) with the signing of a Memorandum of Understanding in Tokyo, Japan. This collaboration aims to bolster the livelihoods of workers in Cambodia’s informal economy through enhanced vocational training and support […]

Cambodia and Australia Strengthen Ties with Investment and Trade Commitment

In a significant step towards enhancing bilateral relations, Cambodia and Australia have pledged to explore new strategies for expanding investment and trade cooperation. This commitment was solidified during a meeting held on May 19, 2025, between His Excellency Hun Manet, Prime Minister of Cambodia, and Ms. Frances Adamson, Premier of South Australia. The discussions highlighted […]

Cambodia and Laos Forge Stronger Agricultural Ties to Expand Mango Exports

In a significant move to enhance agricultural trade, Cambodia and Laos have reached an agreement to boost the export of Cambodian mango products to third countries via Laos’ high-speed rail system. This announcement was made during an official visit from April 30 to May 3, 2025, where H.E. Dith Tina, Cambodia’s Minister of Agriculture, met […]

AEON Breaks Ground on USD 46 Million Shopping Mall in Vietnam

  In a strategic move amidst the global economic downturn, Japanese retail giant AEON is strengthening its presence in Vietnam with the groundbreaking of a new shopping mall. On April 19, 2025, AEON Vietnam commenced construction on the AEON HAI DUONG shopping mall in Hai Duong province, located just north of Hanoi. The project has […]

Malaysia Bets on USD 250 Million Deal to Train 10K Semiconductor Specialists to Spark Homegrown Chip Design Revolution

Malaysia has sealed a landmark USD 250 million semiconductor partnership with UK-based Arm Holdings, granting the Southeast Asian nation access to Arm’s advanced intellectual property as it aims to shift from a manufacturing-based economy to a high-value design and innovation hub in the global chip supply chain. The agreement, formally signed on 5 March 2025 […]