Naypyitaw airport expansion questioned

Naypyitaw airport1Since the completion of Myanmar’s  Naypyitaw airport in December 2011, Asia World Company’s subsidiary Pioneer Aerodrome Services, the contractor and manager of the airport, has not been able to reach profit from the project, Thura Swiss reported.

The airport was financed with a loan from China’s Import and Export Bank and the Myanmar government. Phase 2 of the project, which would expand the airport, is expected to start soon, but Asia World has advised the government to scrap the project, and keep the airport at its current size.

The government is currently discussing whether or not they should stop the project, said U Win Swe Tun, Deputy Director of Department for Civil Aviation. Despite announcements from international airlines of their intention to start service to Naypyitaw, the airport still receive much less traffic than Yangon International Airport.

Because of the profitability issues, Asia World has reportedly asked the government to manage the project and allow Asia World to withdraw. The government must now decide whether or not to take over the project as a public service.



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Since the completion of Myanmar's  Naypyitaw airport in December 2011, Asia World Company’s subsidiary Pioneer Aerodrome Services, the contractor and manager of the airport, has not been able to reach profit from the project, Thura Swiss reported. The airport was financed with a loan from China’s Import and Export Bank and the Myanmar government. Phase 2 of the project, which would expand the airport, is expected to start soon, but Asia World has advised the government to scrap the project, and keep the airport at its current size. The government is currently discussing whether or not they should stop the...

Naypyitaw airport1Since the completion of Myanmar’s  Naypyitaw airport in December 2011, Asia World Company’s subsidiary Pioneer Aerodrome Services, the contractor and manager of the airport, has not been able to reach profit from the project, Thura Swiss reported.

The airport was financed with a loan from China’s Import and Export Bank and the Myanmar government. Phase 2 of the project, which would expand the airport, is expected to start soon, but Asia World has advised the government to scrap the project, and keep the airport at its current size.

The government is currently discussing whether or not they should stop the project, said U Win Swe Tun, Deputy Director of Department for Civil Aviation. Despite announcements from international airlines of their intention to start service to Naypyitaw, the airport still receive much less traffic than Yangon International Airport.

Because of the profitability issues, Asia World has reportedly asked the government to manage the project and allow Asia World to withdraw. The government must now decide whether or not to take over the project as a public service.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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