China splashes $880 million on Cambodia to prematurely ending French company that operates current Siem Reap airport
Thou Sok (6 articles)
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China splashes $880 million on Cambodia to prematurely ending French company that operates current Siem Reap airport

China’s state-owned Yunnan Investment Holdings Ltd (YIHL) has signed an $880 million contract with Cambodia, pushing its long term partnership to prematurely ending it  its concession license with a French company.

The agreement which signed by Cambodian Deputy Prime Minister Sok An and YIHL Chairman Sun Yun during Chinese President Xi Jinping’s visit to the Kingdom in October 2016, allowing the latter to build a new international airport in Siem Reap next year.

The new airport is about 50 kilometers outside of Siem Reap’s provincial capital. The construction and mine clearance work is currently underway. Cambodia’s State Secretariat of Civil Aviation announced on Aug.15 that all legal procedures had been finished for the new project, while the government is negotiating with a French company that operates the city’s existing airport.

Thou Sok

Thou Sok

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