The economic benefits that an airport can bring to an area range from employment opportunities, income generation, economic diversity, increasing mobility and tax generation, although these are seldom net additions to a national economy because of the trade diversion effects as well as the trade creation effects.
Siem Reap International Airport serves Siem Reap, a popular tourist destination due to nearby Angkor Wat. It is the second busiest airport in Cambodia after Phnom Penh International Airport.
Building on the new almost-$900 million airport terminal task in Siem Reap province will be 67 per cent complete by the end of next year, according to Angkor International Airport Investment (Cambodia) Co Ltd (AIAI) chairman Lu Wei. The airport will be able to handle 10 million passengers in 2030 and 20 million by 2050.
Lu made the remark during a second visit by Mao Havannall, the minister in charge of the Condition Secretariat of Civil Aviation (SSCA), to inspect the project’s improvement on December 23.
The new airport has been built on a 750ha plot in Ta Yek commune, Sotr Nikum district east of Siem Reap town at a cost of $880 million. The project is being built in three phases.
AIAI will invest $500 million for the first and second phases, which will allow medium-sized and ranged passenger aircraft like the Boeing 737 and Airbus A320 to land. Another $300 million will be allocated for the third phase.
In October 2017, the government reached an agreement with Chinese state-run Yunnan Investment Holdings Ltd to build the new airport to serve Siem Reap.
The agreement gave the firm 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.
Here are 4 Benefits of Siem Reap New International Airport:
The network of airports that connect cities, both large and small, were originally envisioned as transportation hubs. While there is no strict definition of a regional airport, they are usually distinguished from international airports since most have no customs or immigration facility for foreign travelers. However, regional airports, like Siem Reap International Airport in Cambodia, have become much more than mere transportation hubs. Here are five benefits of regional airports:
1. Economic Generators
Airports have many economic benefits:
– Siem Reap airport provides jobs.
– Siem Reap airport provides freight transportation to markets throughout the region. and around the world for locally produced goods.
– Siem Reap airport provides access to the local market for goods imported from around the country and around the world.
– Siem Reap airport enables local small business owners, contractors, and consultants to travel into and out of the local community for work, and saving valuable time that in turn can be used to conduct business.
– Siem Reap airport can attract large business and major corporations to build local offices, factories, and distribution centers because of the readily accessible to air transportation.
2. Siem Reap Airport Improves Tourism
Tourists, by and large, have a limited time to spend on vacation. The time spent traveling to and from a destination is often a factor in deciding where to vacation.
3. General Aviation
The airport, likes tSiem Reap airport, facilitate the daily operations of general aviation. General aviation includes all aviation other than commercial and military flights. For example, training flights, law enforcement flights, medical flights, private business flights, and recreational flights all fall under the category of general aviation.
4. Convenience
One of the greatest benefits to regional airports is the convenience to local travelers. Rather than driving or taking a train to a major city like Phnom Penh to catch a flight, travelers can fly directly from Siem Reap.
This reduced level of crowding and congestion in the airport translates in many ways to an improved passenger experience:
– Lines to check baggage are shorter.
– Security lines move faster.
– Shorter waits for passenger services.
– Less crowded parking.
In summary, regional airports like Siem Reap Interanational Airport provide substantial benefits to travelers, local businesses, the environment, and the economy. Moreover, general aviation, such as medical flights, law enforcement flights, business and recreational flights, are facilitated by regional airports.