A major airport project funded by China in Cambodia in India’s eastern neighbourhood has been stalled as the Chinese company that was given the contract has allegedly run out of funds.
The estimated investment for the proposed airport on 300 hectares of land was billed to be more than $ 80 million but the Chinese company reportedly made huge losses due to Covid, ET has learnt. This episode has exposed the faultlines of some of the Chinese firms involved in overseas projects, according to sources.
The airport was scheduled to be built in Cambodia’s Mondulkiri province. It is the most sparsely populated province in the country despite being the largest in land area.