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 […]

New terminal to the rescue

YANGON, 4 February 2015: The first phase of Yangon International Airport’s new terminal building should be completed by the end of the year, airport officials claim, as the present facilities creek under the strain of tourism success. Once the new building is fully operational, the current international terminal will be used for domestic arrivals and […]

Bidders to re-summit financing for Hanthawady airport construction

The shortlist of four bidding contractors for the construction of Hanthawady airport has been invited to re-submit their financial proposals within the April 22 deadline, according to the Department for Civil Aviation. The bidders are Yongnam-CAPE-JGC Consortium, TAI SAE Corporation, VINCI Airport and Incheon Airport Consortium. The four previously proposed to finance the construction. In […]

Myanmar to Seek Development Assistance for Airport Project

YANGON — The Myanmar government has agreed to seek a concessional loan worth as much as US$750 million to go toward the cost of a new airport to serve Yangon, officials said Monday. The government in August selected a consortium led by South Korea’s Incheon International Airport Corporation as the preferred bidder to develop the […]

Investors Needed to Link New Hanthawaddy Airport to Yangon

Financial backing from the private sector is needed to link Burma’s proposed new international airport at Hanthawaddy with Rangoon, the country’ biggest city, government officials said. “We propose a highway and a high-speed train to Yangon,” Kyaw Soe, an official at the Department of Civil Aviation, told The Irrawaddy. Unable to put a number on […]

Award of major airport contracts offers new clues about Thein Sein government’s approach to doing business.

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Yangon’s still-sleepy international airport has grown increasingly busy amid a growing tourist trade, a flood of Western diplomats and NGOs re-establishing themselves in Myanmar, and planeloads of corporate executives coming to see whether all the changes are real. […]

Myanmar’s Busy Black Economy ‘Threatens Reforms’

It can be as small as a mobile phone, as long as a felled teak tree, or as bulky as a four-door sedan. The size of the goods doesn’t seem to matter in Burma’s thriving black market economy. Someone somewhere is simply turning a blind eye or taking a bribe to help keep the illegal […]

New and Improved Airports Needed as Myanmar’s Tourism Grows, Officials Say

RANGOON — With the winning bids for Burma’s three major new airport projects due to be announced by the end of this month, officials say the contracts are necessary, given that the government hopes to draw over 7 million tourists to the country by 2020. The existing international airports for Rangoon and Mandalay will be […]