The agreement is aimed at enhancing the functionality, safety, and commercial viability of the airports while contributing to economic development of Timor-Leste, says Asia-Pacific Strategic Investments.
Singapore Exchange (SGX)-listed real estate developer, Asia-Pacific Strategic Investments (SGX:5RA
) has entered into a cooperation agreement with the Vice President, Coordinating Minister for Economic Affairs, Minister of Tourism and Environment of Timor-Leste for the operation and management of Oecusse Airport and Suai Airport
Under the agreement, both parties are expected to outline the mutual understanding and intentions of the parties to develop a long-term lease and operation agreement for the airports.
