YANGON: Myanmar has picked South Korea’s state-run airport operator to
build a new international hub near its main city, as the once-isolated
nation sees booming tourist and business visitor numbers.
A consortium led by the Incheon International Airport Corp (IIAC) was chosen as the preferred bidder to construct the Hanthawaddy International Airport as a second hub for the country’s commercial centre Yangon, Myanmar’s Department of Civil Aviation said.
A consortium led by the Incheon International Airport Corp (IIAC) was chosen as the preferred bidder to construct the Hanthawaddy International Airport as a second hub for the country’s commercial centre Yangon, Myanmar’s Department of Civil Aviation said.
Final contract for $1.1 billion project will be signed at the end of
this year, Seoul’s transport ministry said in a statement on Sunday
confirming the successful bid. Myanmar, which emerged from outright
military rule in 2011, has seen a surge in tourist and business arrivals
as reforms in former pariah state lure holiday makers and potential
investors.
The country’s main air gateway Yangon International Airport, which
is also set for expansion, currently has a capacity of only 2.7 million
passengers annually and authorities warned last year that number of
arrivals was set to exceed that level.
Hanthawaddy International — to be located about 80 kilometres
northeast of downtown Yangon — will be capable of handling about 12
million passengers a year, the South Korean transport ministry said. The
consortium — also involving four Seoul construction firms — will build
the airport by 2018 and the IIAC will be allowed to manage the property
up until 2067, it added.
The IIAC operates South Korea’s biggest hub, which handled nearly 40
million passengers last year and has been several times rated the
world’s best airport by the Airports Council International.
source: The Himalayan Times
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