Vinci Airports and SCA request to cooperate with OCIC on the new airport development
Vinci Airports and SCA request to cooperate with OCIC on the new airport development
Vinci Airports and SCA or commonly known as the Cambodia Airports, have recently proposed to set up a joint venture with OCIC to help develop a new multi-billion-dollar Phnom Penh International Airport in Kandal province.
The proposal was made on 4 February during the meeting between three firms and the Secretariat of Civil Aviation, at which each party is required to clarify their standpoints regarding this project.
Vinci Airports and SCA have stated that they intend to cooperate with OCIC in any of the processes ranging from the architectural design, financing, construction, to final operation.
Given their years of experience managing the airport in Cambodia, the cooperation will help this new airport development go even smoother, says the firms.
In addition, the two companies also stated that they also would like set up the joint venture between OCIC and SCA if possible, as SCA has had the same joining experience with Mohiba in the development of the current Phnom Penh International Airport before.
In response, OCIC welcomed the cooperation but requested the SCA to draft an agreement or memorandum of understanding in the acceptable terms of condition, and OCIC will consider on that matter afterward.
After the meeting, the SCA agreed to draft the agreement as requested and will submit to the State Secretariat of Civil Aviation before 13 February 2020.
Over the negotiations, the Construction and Property Magazine called and confirmed with a representative of OCIC Mr. Charles Vann. However, he declined to provide any further information in collaboration with Vinci and SCA on the new Phnom Penh International Airport project at this stage.
Developed under the joint venture between OCIC and the Cambodian government’s State Secretariat of Civil Aviation (SSCA), the new Phnom Penh International Airport project is a 4F class airport built on 2,600 hectares of land. It would be the ninth-largest airport in the world, putting it just behind Chicago O’Hare airport, and ahead of China’s Beijing Capital International. (Read More)
Given the enormity of the project, investors, both domestic and oversea, have been expressing great interest in cooperating with OCIC any at any stage of development ranging from architectural design, construction, and to final operation.
At this stage, the architectural design of this project is approximately 60% completed, with three shortlisted tenderers selected out of the total five, which are mainly from China enterprises. (Read More)
Even completed, this new airport will have the capacity to accommodate up to 27 million passengers by 2030, and by 2050 it will be able to accommodate up to 30 million passengers in line with the master plan.
Besides, the airport will also have an economic zone spanning across more than 1,000 hectares and feature commercial facilities as well as an affordable housing project. (Read more)
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Source: construction property news