Techo International Airport will be developed in three phases and is designed for 50 million passengers with three runways and a satellite terminal across a total land area of 2,600 hectares. In line with its opening, the JV will begin operations in March 2025.
SIA Engineering Company (SIAEC) (SGX:S59
) will be forming a line maintenance joint venture (JV) in Cambodia with Cambodia Airport Investment Co. Both airports signed a joint venture agreement (JVA) on May 30, under which SIAEC will hold a 51% stake in the JV. Cambodia Airport will hold the remaining 49%.
The JV will establish line maintenance services at Cambodia’s new international airport in Phnom Penh named Techo International Airport, a greenfield airport that is being developed at the southern part of Cambodia’s capital, some 19km away from its city centre. The total investment budget for the airport is US$1.5 billion ($2.03 billion).
