Cambodia Airports - Chinese in, French out.

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CEOCambodiaNews
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Cambodia Airports - Chinese in, French out.

Postby CEOCambodiaNews » Sat Feb 04, 2017 10:16 am

What's happening with Siem Reap Airport ?
Tough compensation negociations ahead as the Cambodian government ditches its agreement signed with the French company Vinci, majority owners of Cambodia Airports. Out with the old and in with the new, as a company run by the Chinese government (YIHL) prepares to build a brand new airport at Siem Reap to replace the present airport.

Siem Reap airport’s future up in the air
Thu, 2 February 2017
Matthieu de Gaudemar and Cheng Sokhorng

The government is ready to move forward with negotiations on compensation for stripping a French company of its concession to operate Siem Reap’s international airport, while plans for the construction of a new Chinese-operated airport to serve the provincial capital are close to being finalised, a state official said yesterday.

In October, the Cambodian government reached an agreement with China’s state-run Yunnan Investment Holdings Ltd (YIHL) to build a new $880 million airport to serve Siem Reap. The agreement gave YIHL and its construction and airport management subsidiaries an exclusive 55-year build, operate, transfer (BOT) concession on the new airport, replacing the current exclusive agreement with Cambodia Airports, a company majority-owned by France’s Vinci Group, which was set to expire in 2040.

The Post reported in December that a government decree signed by Prime Minister HE called for the formation of an eight-person committee to lead compensation talks with Cambodia Airports, while YIHL would be responsible for distributing the settlement amount once its new airport begins operations...

The government’s decision to prematurely end Cambodia Airport’s concession could have broader repercussions with international investors, especially if the negotiations are mismanaged or if the company suffers financial losses, Hem [partner at BNG Legal] noted.
“In the transitional period of the negotiation arrangement for the concession contract, there may be a slight impact on the investors who want to invest in Cambodia, especially those who wish to sign concession contracts for land and infrastructure projects in the country,” he said.

“However, the impact may become stronger if the concessionaire incurs great losses following the negotiation.”...

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Re: Cambodia Airports - Chinese in, French out.

Postby Username Taken » Sat Feb 04, 2017 10:24 am

I thought the SR airport had just been rebuilt in the past year or two.
... give 'em a quick, short, sharp shock ...

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hanno
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Re: Cambodia Airports - Chinese in, French out.

Postby hanno » Sat Feb 04, 2017 10:43 am

Username Taken wrote:I thought the SR airport had just been rebuilt in the past year or two.
Rebuilt is maybe too strong a word....
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Re: Cambodia Airports - Chinese in, French out.

Postby newkidontheblock » Sat Feb 04, 2017 11:21 am

Hopefully the new one will have proper gates. It's not such a good introduction to wonders of Angkor by flying in late, stumbling around the tarmac in the dark and rain, just to reach the airport entrance.
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Re: Cambodia Airports - Chinese in, French out.

Postby bolueeleh » Sat Feb 04, 2017 4:44 pm

wow, this will give lots of confidence to other investors, shld be appropriate to rename cambodia to chinkodia now
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Re: Cambodia Airports - Chinese in, French out.

Postby frank lee bent » Sat Feb 04, 2017 11:15 pm

that loud hissing sound is the economy deflating.
between donor fatigue and chinese mainlanders becoming the major portion of growth in the tourist market it is bound to get very ugly soon for ordinary Khmer.

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