Dec 16, 2010
The Associated Press
PHNOM PENH, Cambodia (AP) — A South Korean company contracted to build a new airport serving visitors to Cambodia's famed Angkor temples says its project will also encompass a new city and industrial estate.
NSRIA Co. Ltd., in a statement received Thursday, said its planned New Siem Reap International Airport and linked developments, worth $1 billion, represent "Cambodia's largest national project and Korea's first-ever export of its airport development and operation expertise."
The statement, which expands upon partial information previously released by the Cambodian government and in the Korean press, said it will hold the Build-Operate-Transfer concession for 65 years — covering five years of construction and 60 years of operation — after which it can be extended.
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