With an eye to transforming Cambodia into a Southeast Asian travel and cargo hub, a new US$2.3 billion airport – developed by a venture affiliated with one of the country’s wealthiest men – was opened at a grand ceremony near Phnom Penh, where officials and business leaders praised the project for enhancing regional connectivity and deepening links with Hong Kong and mainland China.
Techo International Airport (TIA), which has replaced the Cambodian capital’s previous facility, has been forecast by PwC to accommodate 5.3 million passengers in the remainder of the year.
The professional services firm has also projected full annual capacity to reach 10.1 million and 15 million passengers by 2030 and 2040, respectively, as the airport enters into new phases of development.
