Airport and Aviation
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
Cambodia Airport Investment Firm Issues US$15 million Guaranteed Bond
The Cambodia Airport Investment Co., Ltd (CIAC) has issued US$15 million in a guaranteed bonds for Prince Bank, with the funds to be used for the construction of the New Phnom Penh International Airport in Kandal province. The guaranteed bond is invested in by Prince Bank and guaranteed by the Oversea Cambodia Investment Corporation LTD […]
Read More
Construction of Phnom Penh International Airport Over 30% Complete
Construction of the new Phnom Penh International Airport is now over 30% complete, while the progress is going as scheduled despite the recent flooding. State Secretariat for Civil Aviation (SSCA)’s spokesman Sin Chansereyvutha said on 28 October that progress has slowed slightly due to the effects of the floods. However, the company was well-prepared for […]
Read More
Dara Sakor International Airport to Begin Operation by Late 2021
Construction of Dara Sakor International Airport in Koh Kong province is set for completion by next month, while the test operation is scheduled for 30 December this year. Representatives of the Dara Sakor International Airport construction firm confirmed the two dates during the meeting with the State Secretariat of Civil Aviation (SSCA) on Tuesday 21 […]
Read More