Pung Kheav Se, chairman of the board of Cambodia Airport Investment Co., Ltd. (CAIC), has revealed that the company has plans to inject $150 million into the Kingdom’s logistics infrastructure. It has earmarked $50 million for an air cargo terminal at Techo International Airport (TIA) and an additional $100 million for a waterway which will connect the upcoming Techo Funan Canal to a seaport in Kep province.
His shared the plans during the official inauguration of TIA, held on October 20.
Kheav Se explained that in response to the growing demand for air cargo, CAIC is building Cargo Terminal 2 and additional aircraft parking aprons. At the same time, the company a new 10-kilometre waterway will connect Boeung Cheung Loung (south of TIA) to the Bassac River and the Techo Funan Canal, eventually reaching the Kep seaport.
“We are building a second cargo terminal and additional cargo aircraft stands, with a $50 million investment. The terminal will cover 40,000 square metres. This added investment is in line with expected growth in cargo volumes and is part of our preparations to make TIA a logistics and transshipment hub,” he said.
In addition, we are planning to construct a 10-kilometre waterway, with a total investment of $100 million. It will connect Boeung Cheung Loung (south of TIA) to the Bassac River and the Techo Funan Canal, continuing to Kep town. This will enable the TIA area to become a hub for air, land, and water transportation,” he added.
Prime Minister Hun Manet presided over the inauguration of the new airport.
He praised the opening of the facility as a remarkable achievement, saying that it will bring enormous benefits to the Cambodian people and future generations.
“I want to emphasise our continued commitment to improving the business and investment climate by reducing operating costs and enhancing the efficiency of the transport and logistics sectors, with the goal of increasing productivity and meeting investor demands at all levels,” he said.
According to the State Secretariat of Civil Aviation (SSCA), since its September 9 soft opening, TIA has welcomed an average of 150,000 passengers and 130 flight movements per day. A total of 29 airlines, 25 international and 4 domestic, operate from the airport.
