June 5, 2023 by Payload Asia
SIA Engineering Company Limited (SIAEC) and Cambodia Airport Investment Co., Ltd (CAIC) have signed a joint venture agreement on 30 May to form a line maintenance joint venture in Cambodia.
Under the agreement, SIAEC will hold a 51 percent stake in the joint venture with CAIC holding 49 percent. The joint venture will establish line maintenance services at the future Techo International Airport (TIA) in Phnom Penh.
TIA (Phase 1) is a greenfield airport being developed at southern Phnom Penh about 19 kilometres from Phnom Penh City Centre, with a total investment budget of US$1.5 billion.
The future airport, which will be developed in three phases, is designed for 50 million passengers, with three runways and a satellite terminal across a total land area of 2,600 hectares. In line with the opening of TIA, the joint venture will commence operations in March 2025.
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