Current:Home > reviewsCambodia inaugurates new Chinese-funded airport serving popular tourist destination of Angkor Wat -BeyondProfit Compass
Cambodia inaugurates new Chinese-funded airport serving popular tourist destination of Angkor Wat
View
Date:2025-04-14 11:00:40
SIEM REAP, Cambodia (AP) — Cambodia on Thursday inaugurated its newest and biggest airport, a Chinese-financed project meant to serve as an upgraded gateway to the country’s major tourist attraction, the centuries-old Angkor Wat temple complex in the northwestern province of Siem Reap.
The Siem Reap-Angkor International Airport is located on 700 hectares (1,730 acres) of land about 40 kilometers (25 miles) east of Angkor Wat and boasts a 3,600-meter- (11,810-foot) long runway. It can handle 7 million passengers a year, with plans to augment it to handle 12 million passengers annually from 2040.
The airport began operations Oct. 16, with the first flight to land coming from neighboring Thailand. The old airport it replaces was about 5 kilometers (3.1 miles) from the famous tourist site.
Thursday’s inauguration was presided over by Prime Minister Hun Manet, Chinese Ambassador to Cambodia Wang Wentian, the governor of China’s Yunnan province, Wang Yubo, and other officials.
Speaking at the ceremony, Hun Manet said the old airport was located too close to the Angkor temples and it was feared that vibrations from passing flights were damaging their foundations.
Tourism is one of the main pillars supporting Cambodia’s economy. According to the Ministry of Tourism, Cambodia received some 3.5 million international tourists in the first eight months of 2023, while for the whole of 2019 — the last year before the coronavirus pandemic — it received some 6.6 million foreign visitors.
“Hopefully, 2024 will be the year of the beginning of the advance and rebirth of the tourism sector in our Siem Reap province,” Hun Manet said.
China is Cambodia’s most important ally and benefactor, with strong influence in its economy, shown by numerous Chinese-funded projects, hotels and casinos in the capital, Phnom Penh, and elsewhere around the country. China’s state banks have financed airports, roads and other infrastructure built with Chinese loans. More than 40% of Cambodia’s $10 billion in foreign debt is owed to China.
The new airport, built at a cost of about $1.1 billion, was financed by Angkor International Airport (Cambodia) Co., Ltd., an affiliate of China’s Yunnan Investment Holdings Ltd, under a 55-year build-operate-transfer deal.
Yunnan governor Wang Yubo, speaking for the Chinese government, said the airport’s launch showed the deep friendship between the people of the two countries, while promoting bilateral economic ties.
The project is part of the Belt and Road Initiative, the ambitious program that involves Chinese companies building transportation, energy and other infrastructure overseas funded by Chinese development bank loans. Its goal is to grow trade and the economy by improving China’s connections with the rest of the world in a 21st-century version of the Silk Road trading routes from China to the Middle East and onto Europe.
Another Chinese-funded airport is being constructed at a cost of $1.5 billion to serve the capital. The new Phnom Penh international airport, formally known as the Techo International Airport, is set on 2,600 hectares (6,425 acres) and scheduled for completion in 2024.
___
Associated Press writer Sopheng Cheang reported from Phnom Penh.
veryGood! (8956)
Related
- Arkansas State Police probe death of woman found after officer
- 'You can judge me all you want': California mom's refusal to return shopping cart goes viral
- 42 Celebrity-Approved Father's Day Gift Ideas from Tom Brady, John Legend, Derek Jeter & More
- Kids coming of age with social media offer sage advice for their younger peers
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- The Joro spiders are coming – and these photos from people along the East Coast show what you can expect
- Donald Trump joined TikTok with a UFC appearance video. He tried to ban the app as POTUS
- Stereophonic cast brings 1970s band to life while making history
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Have you started investing? There's no time like the present.
Ranking
- Former longtime South Carolina congressman John Spratt dies at 82
- High school seniors pull off 'epic' prank, convince Maryland town a Trader Joe's is coming
- World War II veteran, 102, dies in Germany while traveling to France for D-Day ceremonies
- Good Earth recalls 1.2 million lights after multiple fires and 1 death
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- 42 Celebrity-Approved Father's Day Gift Ideas from Tom Brady, John Legend, Derek Jeter & More
- $10,000 reward offered for capture of escaped Louisiana inmate
- Boeing’s astronaut capsule arrives at the space station after thruster trouble
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
FDA rolls back Juul marketing ban, reopening possibility of authorization
The Daily Money: Last call for the Nvidia stock split
Proof Lindsay Hubbard and Carl Radke's Relationship Was More Toxic Than Summer House Fans Thought
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Wingstop employee accused of killing manager, shooting another worker after argument
Why the 2024 Belmont Stakes is at Saratoga Race Course and not at Belmont Park
GameStop shares surge nearly 50% after 'Roaring Kitty' teases livestream