New $1.5-billion Phnom Penh airport approved

A new airport for Phnom Penh will be built in Kandal province, a southern part of the capital, according to a government announcement on Friday.Cambodia Airport Investment Co Ltd, a joint-venture between a local conglomerate OCIC owned by Oknha Pung Kheivse, and the government’s State Secretariat of Civil Aviation, will be responsible for building the 4F class airport, the statement read,.It added that the total investment would be $1.5 billion, of which $1.1 billion will come from loans...
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Key agreements signed with China on expressway, airport

Marking the 60th anniversary of diplomatic relations, Cambodia and China signed yesterday multiple agreements, amounting to billions of dollars in concessional loans and reaching consensus on the financing of much-awaited projects like the expressway to Sihanoukville and the new airport in Phnom Penh.The agreements were signed on the occasion of Chinese Prime Minister Li Keqiang state visit to the kingdom to participate in the Lancang-Mekong Cooperation summit.Seven memorandums of unders...
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