Current:Home > StocksCambodia inaugurates new Chinese-funded airport serving popular tourist destination of Angkor Wat-LoTradeCoin
Cambodia inaugurates new Chinese-funded airport serving popular tourist destination of Angkor Wat
View Date:2025-01-11 17:57:14
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! (7528)
Related
- Maryland man wanted after 'extensive collection' of 3D-printed ghost guns found at his home
- February retail sales up 0.6%, but some cracks emerge in what has been a driving force for economy
- Achsah Nesmith, who wrote speeches for President Jimmy Carter, has died at age 84
- Connecticut considering barring legacy admissions at private colleges, in addition to public ones
- Sean Diddy Combs' Lawyers File New Motion for Bail, Claiming Evidence Depicts a Consensual Relationship
- Most semi-automated vehicle systems fall short on safety, new test finds
- Elon Musk abruptly scraps X partnership with former CNN anchor Don Lemon
- Olivia Culpo Reveals She Was Dismissed By At Least 12 Doctors Before Endometriosis Diagnosis
- Harriet Tubman posthumously named a general in Veterans Day ceremony
- *NSYNC Reunites for Surprise Performance at Los Angeles Concert
Ranking
- Republican David Schweikert wins reelection in affluent Arizona congressional district
- Aaron Rodgers responds to report he espoused Sandy Hook shooting conspiracy theory
- ‘Manhunt,’ about hunt for John Wilkes Booth, may make you wish you paid attention in history class
- Massachusetts Senate passes bill to make child care more affordable
- Diamond Sports Group will offer single-game pricing to stream NBA and NHL games starting next month
- Maryland Senate nearing vote on $63B budget legislation for next fiscal year
- Iowa Republican shelves bill to criminalize death of an “unborn person” because of IVF concerns
- NFL investigating Eagles for tampering. Did Philadelphia tamper with Saquon Barkley?
Recommendation
-
Mike Tyson vs. Jake Paul stirs debate: Is this a legitimate fight?
-
Hilary Duff’s Husband Matthew Koma Is All of Us Watching Love is Blind
-
Kali Uchis Gives Birth, Welcomes First Baby With Don Toliver
-
Grab a Slice of Pi Day with These Pie (and Pizza Pie) Making Essentials
-
The Surreal Life’s Kim Zolciak Fuels Dating Rumors With Costar Chet Hanks After Kroy Biermann Split
-
Facts about straw purchases of weapons, and what’s being done to stop them
-
Justin Timberlake reunites with NSYNC for first performance in 11 years: 'Let's do it again'
-
Minnie Driver Reveals the Advice She'd Give Her Younger Self After Matt Damon Split