Cambodia’s Prime Minister Hun Manet on Monday inaugurated a major new airport to serve the capital Phnom Penh and boost tourism and foreign investment.

Techo International Airport is a three-runway facility that replaces the nearly 70-year-old Phnom Penh International Airport, which had only one runway.

The new $2 billion airport, in Kandal province about 30 kilometers (19 miles) south of Phnom Penh. began operating in September. It is a joint venture between the Cambodian government and the Overseas Cambodian Investment Corp.

Hun Manet said he hoped the new airport will be a driving forces in attracting more tourists and investors to Cambodia,”more than before the arrival of COVID-19.”

The new airport is initially expected to be able to accommodate 13 million passengers, but its capacity will increase to 30 million after 2030. and up to 50 million by 2050.

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