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Myanmar and Japan to form JV for Hanthawaddy Airport construction

Myanmar and Japan have reportedly revived negotiations to form a joint venture (JV) for the construction of Hanthawaddy International Airport. The airport will be built in the Bago Region of Myanmar and is likely to entail an investment of around $1.5bn. Authorities from the Myanmar and Japanese governments have already met several times to prepare […]

Myanmar, Japan revive talks on building Hanthawaddy airport

Myanmar and Japan will form a joint venture and sign an agreement next year to kickstart the long postponed Hanthawaddy International Airport project located 80km north of Yangon near Bago. According to several government officials, both the Myanmar and Japanese governments have met at least four times to nail down details of the project, which […]

Facts show Myanmar doesn’t need Hanthawaddy despite govt’s obsession

The transport ministry is hoping to secure an Overseas Development Assistance (ODA) loan from Tokyo to resuscitate the failed Hanthawaddy airport project, according to the Department of Civil Aviation (DCA). However, the facts show that an airport 80km away from Yangon is unnecessary and that the focus should be on strengthening the infrastructure for the […]

Japan mulls resuscitating failed Hanthawaddy airport proposal

Japan and Myanmar are in discussions about resuscitating the failed Hanthawaddy International Airport project, according to the transport minister. U Thant Sin Maung, Minister for the Ministry of Transport and Communication, held a meeting with Tsukasa Akimoto, Japan’s State Minister of Land, Infrastructure, Transport and Tourism in Park Royal Hotel, Yangon, on April 30. The […]

Myanmar Received $5 Bn in Foreign Investment in Current Fiscal Year

YANGON — Myanmar has received more than US$5.1 billion in foreign investment in the current 2017-18 fiscal year from April to the first week of February, according to the Directorate of Investment and Company Administration (DICA). “We have received more than $4.4 billion in foreign investment as of the first week of February, while existing […]

Infrastructure development critical for Myanmar to woo investors, forum hears

SINCE MYANMAR’S lack of adequate infrastructure may deter potential investors, the government must urgently bring infrastructure development into focus, according to the Myanmar Infrastructure Forum held on Friday. The government’s clear decisions would drive the future of Myanmar, said Teo Eng Cheong, CEO International of Singapore, North Asia and Southeast Asia at Surbana Jurong Private […]

DCA deploys budget, invites tenders to jazz up airports, aviation

High costs and a lack of travelers passing through some of Myanmar’s airports has resulted in at least four of the country’s ten airlines bypassing those locations altogether. Consequently, as many as eight airports have ceased operations in recent years, accounting for a quarter of Myanmar’s 32 domestic airports. Five out of the eight shuttered […]

Bago Needs a Hotel Zone in Preparation for Myanmar’s Largest Airport, Say Hoteliers

​​ The Bago Hoteliers Association has sub­mitted a proposal to the regional cabinet for the creation of a hotel zone ahead of the opening of the proposed Hanthawaddy airport, slated for comple­tion in 2022. Without an increase in supply, Bago region’s ho­tels wouldn’t be able to match the rise in demand expected with the opening […]

Myanmar moves ahead on airport

YANGON, 30 December 2016: Myanmar’s vice president, U Henry Van Thio, has called for a show of transparency to ensure the Hanthawaddy International Airport project becomes a showcase for the country’s tourism development. Global New Light of Myanmar quoted the vice president saying the airport, once completed will become a major gateway for international airlines. […]

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 […]