PETALING JAYA: CGS International Research (CGSI Research) expects a favourable outcome from Muhibbah Engineering (M) Bhd’s Phnom Penh airport concession in Cambodia, which would likely include compensation and a new operating agreement for the new airport in Kandal.
Following a recent meeting with Muhibbah, the research house came away feeling more positive on the airport concession as the construction group indicated that negotiations with the Cambodian authorities are progressing well.
“The most ideal scenario we had posited may actually come to fruition,” said CGSI Research in a report.
The research house envisaged that Muhibbah could receive compensation for the loss of its existing management of Phnom Penh’s airport and be engaged to operate the new airport at Kandal.
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