SIA Engineering Company Limited (SIAEC) and Cambodia Airport Investment Co., Ltd (CAIC) have signed an agreement to form a line maintenance joint venture in Cambodia. Under the agreement, SIAEC will hold a 51 percent equity stake in the joint venture, with CAIC holding 49 percent.
The joint venture will establish line maintenance services at the new international airport in Phnom Penh named Techo International Airport (TIA). TIA (Phase 1) is a greenfield airport being developed in southern Phnom Penh, about 19 kilometres from Phnom Penh City Centre, with a total investment budget of $1.5 billion. TIA, to 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 (6,425 acres). In line with the opening of TIA, the joint venture will commence operations in March 2025.
