Phnom Penh Post - Prince Bank invests $15M in new Phnom Penh International Airport

Prince Bank Plc last Wednesday invested in the construction of the new Phnom Penh International Airport by purchasing $15million of corporate bonds issued by the Cambodia Airport Investment Co Ltd (“CAIC”). Located south of Phnom Penh, when operational the new travel hub will replace the existing Phnom Penh International Airport as the city’s main airport. Spanning more than 2,600 hectares in Kandal province, the airport once complete will reportedly be the ninth largest in the world. CAIC is a joint investment between Overseas Cambodia Investment Corporation (OCIC) and the State Secretariat of Civil Aviation of Cambodia. For the new Phnom Penh International Airport, CAIC has received concessions in the project including rights of ownership, design, construction, financing, operation, maintenance and management. The signing ceremony last Wednesday was graced by Neak Oknha Dr Pung Kheav Se, the chairman of CAIC and the OCIC and Guy Chhay, the vice-chairman of the board of directors at Prince Bank. It was witnessed by the directors and senior management of OCIC, CAIC and Prince Bank. photos SUPPLIED