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...
More

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...
More

Clear lessons for the Kingdom as curtain falls on 2017 SEA Games

As several members of the Asean community raised the spectre of host nations enjoying unfair advantage by changing, chopping and introducing events to serve their own strengths, Malaysia’s phenomenal success in the just-concluded 29th SEA Games may drive the debate over tailored programmes in a totally different direction. It is a well-known secret that that the host nations of the biennial Games are bestowed with a degree of latitude in the choice of events that can give the hosts a distinct...
More