PM Urges Domestic Private Firms to Invest in Bonds to Fund New PP Airport Construction

• Sommana Yan
• 9 December 2021
• Uncategorized
• 3603 Views

Prime Minister Samdech Hun Sen has urged local financial institutions to invest in the new Phnom Penh International Airport in Kandal province through the US$300-million guaranteed bond issued by Cambodia Airport Investment Co., Ltd (CAIC).

Among the total bond amount, to date, over US$80 million have been issued to many firms such as banks, insurance companies, and other financial institutions.
PM Hun Sen said that local financial institutions should help buy the remaining bonds to prove that Khmer can also fund their own large-scale project just like the “Khmer Can Do it” slogan.

“Domestic investment is indeed safer. As the investors are local, they will not run away. Unlike foreign investors, they can go anywhere at any time,” said PM Hun Sen.

“Raising funds from local investors will also help boost the economy through the better movement of cashflow,” he added.

As of December 2021, the construction of this new Phnom Penh airport, which was given a new name as `Techo Krong Takmao International Airport, is 27% complete and scheduled for operation in 2023. (Read more)

• Projects Development
• Investment and Funding
• Airport and Aviation