Funds cleared for Yangon’s new airport

YANGON, 4 February 2016: A framework agreement to facilitate Official Development Aid (ODA) loans for the construction of Hanthawaddy Airport Development was signed late last week. Official media, Global New Light of Myanmar, quoted Transport and Rail Transportation Minister, U Nyan Tun Aung, saying that following a series of meetings between Department of Civil Aviation […]

Transportation Ministry Eyes Opening up Myanmar’s Aviation Fuel Sector to Foreign Investors

The Ministry of Transportation is seeking international companies to invest in the local aviation fuel sector, which is currently posing a major challenge for local airlines, a minister said. “Jet fuel is one of the main problems in Myanmar’s air transportation industry because it costs approximately a dollar more per gallon than refueling in other […]

Port project to get shopping mall

A firm called New Downtown Development Company will build a 10 storey building including a luxury shopping mall at Yangon’s Pansodan port, said Union Minister for Transport U Nyan Tun Aung. The firm won a tender to develop the building at the port, which is a main passenger terminal for the Yangon-Dala township ferries that […]