After the Phnom Penh and Siem Reap airports, VINCI has won the concession for the Sihanoukville airport in Cambodia
18 July 2006 - Acquisitions - Cambodia
The Royal Government of Cambodia has decided to award the build and operate contract for the Sihanoukville international airport to the Société Concessionnaire des Aéroports ("SCA"), a VINCI subsidiary, in the framework of a 35-year concession.
Total investment in this platform could come to 200 million dollars over the term of the concession. The airport will eventually cater for over two million passengers a year.
Development of an international airport in Sihanoukville is a crucial challenge for the Cambodian economy. It should facilitate exploitation of the energy resources of the Gulf of Siam, contribute to the expansion of logistical and port activities in this coastal city and also to development of tourism in a still largely untouched coastal region.
The airport will make it possible to create leisure facilities complementing the exceptional sites of the ancient Khmer civilization (the Angkor temples), thereby enriching the Kingdom's overall tourist offering.
SCA, which has held the concession for the Phnom Penh airport since 1995 and the Siem Reap airport since 2001, catered for 2.1 million passengers in 2005, a 16% increase on 2004. In the first half of 2006, passenger traffic to these two airports was up 20% on 2005, with a total of 1,245,562 passengers.
VINCI is a global player in concessions and contracting, employing close to 211,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI’s goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.