Current:Home > MarketsCambodia inaugurates new Chinese-funded airport serving popular tourist destination of Angkor Wat -PrimeWealth Guides
Cambodia inaugurates new Chinese-funded airport serving popular tourist destination of Angkor Wat
View
Date:2025-04-25 19:27:52
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! (516)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Abortion rights supporters launch campaign for Maryland constitutional amendment
- ‘League of Legends’ developer Riot Games announces layoffs of 530 staff
- Northern lights may be visible in more than a dozen states Monday night: Here's what to know
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- DeSantis Called for “Energy Dominance” During White House Run. His Plan Still is Relevant to Floridians, Who Face Intensifying Climate Impacts
- Appeals court reverses judge’s ruling, orders appointment of independent examiner in FTX bankruptcy
- Connecticut still No. 1, Duke takes tumble in the USA TODAY Sports men's basketball poll
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Chris Stapleton's Traveller is smooth as Tennessee whiskey, but it's made in Kentucky
Ranking
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- How the USA TODAY MLB staff voted for the 2024 Baseball Hall of Fame
- Biden administration has admitted more than 1 million migrants into U.S. under parole policy Congress is considering restricting
- Dealing with dry lips? There are many possible reasons.
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Michelle Trachtenberg slams comments about her appearance: 'This is my face'
- Why are states like Alabama, which is planning to use nitrogen gas, exploring new execution methods?
- Heavy rainfall flooded encampment in Texas and prompted evacuation warnings in Southern California
Recommendation
Why members of two of EPA's influential science advisory committees were let go
Move to repeal new Virginia law on organized retail theft blocked for this year
Dave Eggers wins Newbery, Vashti Harrison wins Caldecott in 2024 kids' lit prizes
Dwayne Johnson gets the rights to the name “The Rock” and joins the board of WWE owner TKO Group
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Almost 80 years after the Holocaust, 245,000 Jewish survivors are still alive
Zendaya and Hunter Schafer's Reunion at Paris Fashion Week Is Simply Euphoric
Costco brand added as illnesses rise in charcuterie meat Salmonella recall