China poaches airport contract

[geovalin]

Matthieu de Gaudemar and Cheng Sokhorng

 

The government has commissioned a Chinese consortium to build a new international airport for Siem Reap and formed a committee to determine how to compensate the French company that operates the city’s existing airport for prematurely ending its concession licence, according to documents obtained yesterday.

 

Under the deal, Chinese state-run Yunnan Investment Holdings Ltd (YIHL) will build a new $880 million airport about 50 kilometres outside Siem Reap’s provincial capital in Sonikum district.

 

The agreement, 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, grants a joint investment consortium formed by YIHL, the Yunnan Construction Investment Group and the Yunnan Airport Group an exclusive 55-year build, operate, transfer (BOT) concession on the new airport.

 

read more http://www.phnompenhpost.com/business

 

 

-- © Copyright Phenom Pen Post 28/12

[louse1953]

50klms away,some insider is making money on a land deal.It will take as long to get to your hotel from airport as it will to fly from Bangkok.