Consortiums prepare to reach eventual inking of construction project for Hanthawaddy Airport

PROJECT consortium companies are preparing to reach an eventual inking of the construction project of Hanthawaddy International Airport in December, it has been learned from the Department of Civil Aviation. Hanthawaddy International Airport will become the largest and main international gateway into Myanmar once it is operational. It will be built on over 9,600 acres […]

Bago airport to improve Myanmar’s reputation: minister

Myanmar’s future as a regional aviation hub depends on wide-ranging developments and improvements centred on the future Hanthawaddy Airport, the minister for transport said. Speaking at a seminar to discuss new laws needed to establish a national airport authority, U Nyan Htun Aung said the development of the new airport would improve Myanmar’s reputation. “A […]

Korea Eximbank Finances US$183 Million Myanmar Construction Project

The Export-Import Bank of Korea (Korea Eximbank) announced on Nov. 17 that it will extend US$183 million (214.57 billion won) in Economic Development Cooperation Fund (ECDF) loans to the “Korea-Myanmar Friendship Bridge Project and Myanma Railways Modernization Project” led by the Myanmar government. The EDCF is a bilateral official development assistance (ODA) loan program, which […]

New Bago airport delayed again, to 2022

The target opening date for Yangon’s new international airport has been pushed back by another two years to 2022. The Hanthawaddy International Airport was first imagined in the early 1990s, but the project was put on hold in 2004. When discussions resumed in 2013, officials said it would be ready by 2016. Then, after talks […]

Japan to loan Myanmar over 25b yen: state-run media

[YANGON] Japan will grant Myanmar a 25.89 billion yen (S$284 million) loan as Official Development Assistance (ODA) under an agreement signed between the two countries in Naypyidaw on Tuesday, the state-run Global New Light of Myanmar reported. The loans will be spent on Yangon City electrification project, infrastructure development project in Thilawa Special Economic Zone […]