South Korean consortium firm to build new Myanmar airport

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Hanthawaddy2The Myanmar government has chosen Incheon International Airport Corp. as the preferred bidder for Myanmar’s new $1.1 billion Hanthawaddy International Airport, which is to be built 50 kilometers north of Yangon and would handle some 12 million passengers per year.

The final contract will be signed at the end of 2013, Seoul’s transport ministry said in a statement on August 11, confirming the successful bid.

The consortium includes 4 South Korean construction firms, Halla Engineering & Construction Corp., Kumho Industrial Co., Lotte Engineering & Construction Co. and POSCO ICT Co. It said it will build the airport by 2018 and Incheon International Airport Corp will be allowed to manage the property up until 2067.

The  consortium was competing against the UK-led Yongram-CAPE-JGC consortium, France’s Vinci Airport and Japan’s Taisei Corporation.

The new airport is planned to complement the existing airport in Yangon, which is, however, only capable of handling 2.7 million passengers annually. It is planned to be located on 3,640 hectares on the site of an old airfield that was built by the Japanese during World War II.

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Reading Time: 1 minute

The Myanmar government has chosen Incheon International Airport Corp. as the preferred bidder for Myanmar’s new $1.1 billion Hanthawaddy International Airport, which is to be built 50 kilometers north of Yangon and would handle some 12 million passengers per year.

Reading Time: 1 minute

Hanthawaddy2The Myanmar government has chosen Incheon International Airport Corp. as the preferred bidder for Myanmar’s new $1.1 billion Hanthawaddy International Airport, which is to be built 50 kilometers north of Yangon and would handle some 12 million passengers per year.

The final contract will be signed at the end of 2013, Seoul’s transport ministry said in a statement on August 11, confirming the successful bid.

The consortium includes 4 South Korean construction firms, Halla Engineering & Construction Corp., Kumho Industrial Co., Lotte Engineering & Construction Co. and POSCO ICT Co. It said it will build the airport by 2018 and Incheon International Airport Corp will be allowed to manage the property up until 2067.

The  consortium was competing against the UK-led Yongram-CAPE-JGC consortium, France’s Vinci Airport and Japan’s Taisei Corporation.

The new airport is planned to complement the existing airport in Yangon, which is, however, only capable of handling 2.7 million passengers annually. It is planned to be located on 3,640 hectares on the site of an old airfield that was built by the Japanese during World War II.

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