By Oh Young-jin
The Korea Times
First, he mentioned the efficiency and professionalism of the Cambodian public servants. “We deal with Ph.D. holders who studied in the U.S., Russia and European countries,” Lee said.
Secondly, Cambodia proves to be neither a banana republic nor led by a tinpot dictator. “It is a country that has a strong tradition of adhering to a contract perhaps resulting from the influence of the French,” the CEO said.
Building an international airport in a third-world country is a challenging task.
It requires dealing with a mercurial government, acquiring enough land and raising financial support.
There is too much uncertainty for any firm to take on without hesitation.
In this sense, the NSRIA or New Siem Reap International Airport Co, led by two Korean firms ― Lees A&A and its financial partner Cambodia Airport Co. ― is engaged in what others might call a mission impossible.
But when one listens to its CEO Lee Tae-hwan talk about the project, one can appreciate how the difficult feat could be translated into reality. As with any business, however, there is no 100 percent guarantee.
The project is constructing a new international airport 40 kilometers east of Angkor Wat, the UNESCO-designated world cultural heritage site, at the cost of $500 million. It is composed of one runway and a terminal on the site as large as 5 square kilometers, with the capability to handle 3 million passengers a year.
According to Lee, the new airport is expected to go into operation in late 2015 with the old adjacent airport to be closed, so there will be no competition from it.


