South Korean consortium firm to build new Myanmar airport

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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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. 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...

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.



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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