Hanthawaddy Airport Infrastructure in Myanmar

1/2/2016
Project development

$ 1.5 billion

Announced

1/2/2016


Overview:

  • The new Hanthawaddy airport will be located on 9,600 acres about 48 miles outside the commercial centre and former capital of Yangon.
  • The construction began in March 1994, yet the project was put on halt completely in October 2013.
  • The negotiation for the building contract of this airport was originally granted to a consortium led by South Korea’s Incheon Airport, but it never materialised and therefore contributed to the push back of the construction.
  • The new airport will increase capacity from the previous 2.7 million passengers per year to 3.5 million by 2015 and 6 million by 2019.
  • Japan's JGC Corporation, Singapore's Changi Airport International and Yongnam Holdings are part of HIA (Myanmar), the company that is involved in developing the Hanthawaddy Airport.  

WaiYee Tsang - Journalist - Asia Pacific

Jurisdiction:

Myanmar

Deal type:

Project development

Practice area:

Project development

Industry sector:

Social infrastructure


Firm: