Airport and Aviation
Wing Bank Buys US$2 million in CAIC Bonds, Funding New Airport Development
Wing Bank (Cambodia) Plc has invested US$2 million in the guaranteed bonds of Cambodia Airport Investment Co., Ltd. (CAIC) to support the development of the Techo International Airport. The agreement was signed on Thursday between CAIC director Mr Charles Vann and Wing Bank CEO Mr Han Peng Kwang and witnessed by OCIC Chairman Neak Okhna […]
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ACLEDA Bank Invests US$30 million in CAIC Bond, Funding New Phnom Penh Airport Development
ACLEDA Bank Plc has invested US$30 million in a guaranteed bond of the Cambodia Airport Investment Co Ltd (CAIC) to contribute to developing the Techo International Airport. The agreement was signed on Monday 10 January by CAIC Director Charles Vann and ACLEDA Bank Plc President In Channy, witnessed by OCIC Chairman Neak Oknha Dr Pung […]
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Gov’t Plans to Build, Rehabilitate & Upgrade Four Airports
The Cambodian government plans to build two new airports and upgrade two other existing airports, according to the Law on Financial Management for 2022. The four projects are in the projects under the Office of the Council of Ministers, which include the construction of new Ratanakiri and Preah Vihear airports (both Class 3), as well […]
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CPBank buys US$10-millon CAIC bond, funding new Phnom Penh airport development
Cambodia Post Bank Plc (CPBank) has purchased a US$10-million bond of the Cambodia Airport Investment Co., Ltd (CAIC) to help fund the development of the new Techo International Airport. The purchasing agreement was signed on 28 December by CAIC Director Charles Vann and CEO of CPBank Toch Chaochek with OCIC Chairman Neak Oknha Dr Pung […]
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ABA Bank Invests US$30m in New Phnom Penh Airport Development Through Guaranteed Bonds
Cambodia Airport Investment Co Ltd has sold another US$30 million guaranteed bond to ABA Bank to raise more funds for the development of the new Phnom Penh airport. The signing ceremony was held on December 14 between Overseas Cambodian Investment Corporation Ltd (OCIC), Cambodia Airport Investment Co., Ltd (CAIC) and ABA Bank. The bond is […]
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New Pnnom Penh Airport Named ‘Techo International Airport’; Now 27% Complete
As of December 2021, the construction project of the new Phnom Penh Airport, which has recently been renamed as the “Techo International Airport, Takhmao City” has reached 27% completion, on track to start operation by 2023. This is according to the site inspection by Cambodia Prime Minister Samdech Hun Sen on 9 December. On this […]
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PM Urges Domestic Private Firms to Invest in Bonds to Fund New PP Airport Construction
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 […]
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OCIC, CAIC Sell US$20-million Bond to FTB Bank to Fund Phnom Penh Airport Development
Cambodia Airport Investment Co., Ltd (CAIC) has issued and sold US$20 million in guaranteed bonds to FTB bank to collect more funds for the construction of the new Phnom Penh International Airport in Kandal province. The agreement of the US$20 million guaranteed bonds was signed by Charles Van, CEO of OCIC and CAIC, and Dith […]
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French & Italian Airports Join Hands to Launch Electric Air Taxi Company
A group of airports in Italy and France have launched a company to jointly study the feasibility of electrically powered vertical take-off and landing (VTOL) vehicles in Europe, reported GCR. Called Urban Blue, the company is jointly owned by airports in Rome, Venice, Bologna and Nice. The initial aim is to study the operation feasibility […]
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Expressway Linking to New PP Airport on Hold; New Alternative Being Considered
OCIC is studying the feasibility of building a new road connecting from NR2 to the new Phnom Penh airport in Kandal province, while the previously-announced flyover-type expressway project might be put on hold or will be built later when there is excessive traffic. The project is a separate project from the airport being built by […]
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