Canadia Group’s OCIC Receives US DFC $100M Strategic Financing Commitment for Techo International Airport
The United States International Development Finance Corporation (DFC) has approved the deployment of USD 100 million for Techo International Airport to support the expansion of Cambodia's aviation infrastructure.
The agreement follows more than two years of comprehensive due diligence, including project feasibility, technical, operational, environmental and social impact assessments (ESIA). Consistent with standard practice, the transaction may be subject to additional steps prior to commitment and closing, including the congressional notification process.
The financing represents a significant endorsement of Techo International Airport and a recognition of OCIC, a local conglomerate and one of the largest infrastructure developers in Cambodia.
This milestone builds on years of engagement by Canadia Group and OCIC with American institutions, including the U.S. Embassy, the American Chamber of Commerce in Cambodia and American companies such as General Electric, OTIS, Caterpillar, Ford, and Apple. Through business delegations, speaking engagements and dialogues, the group is working to support the country's infrastructure development and connectivity.
Canadia Group and OCIC Chairman Lok Neak Oknha Dr Pung Kheav Se said:
We are pleased to welcome DFC as a partner in Techo International Airport. This is a shared commitment between Cambodia and the United States toward developing infrastructure that supports growth and enhances connectivity with the region and the world.
In its announcement, DFC stated: "The investment will support the expansion of Cambodia's aviation infrastructure and promote broader economic opportunities for trade, economic growth, and development. The deal underscores DFC's role as a partner capable of unleashing capital, expertise, and innovation to strengthen one of Cambodia's most critical infrastructure assets."
By bringing together Cambodian and U.S. institutions in support of Techo International Airport, the financing advances infrastructure that facilitates trade, tourism, and investment while contributing to Cambodia’s long-term economic development.
This press release was supplied.
