New Bids Force Further Delay for Myanmar Airport Work: Official

YANGON — Work on the US$1.1 billion Hanthawaddy International Airport in Myanmar faces additional delays because the four short-listed competitors for the job will have to submit new bids because of “a major change in project policy,” a senior Transport Ministry official told Reuters. “Our government has agreed to seek ODA [official development assistance] for […]

Singapore Consortium Back in Running for Myanmar Airport

SINGPORE — A consortium including Singapore’s Changi Airport Planners and Yongnam Holdings Inc has been invited by the government of Myanmar to re-enter negotiations to build and operate a new international airport in the country. In August a consortium led by South Korea’s Incheon International Airport Corp was named as the preferred bidder to build […]

Myanmar’s Aviation Industry Booms Despite Grim Safety Record

KONEMOE, Shan State — Htay Aung was riding pillion on a motorbike last Christmas morning, wending through the cool hills of eastern Burma, when Air Bagan Flight 11 came down on top of him. The Fokker 100—more than 24 tons of aircraft, plus 65 passengers and six crew—sheared its way through trees and power lines, […]

Land Prices Soar in Pegu Division with News of Major Airport Project

Land prices have skyrocketed in Pegu Division, northeast of Yangon, following the recent awarding of a contract to build a major new international airport there. After an announcement last weekend that South Korea’s Incheon International Airport Corp. had been selected to build the Hanthawaddy International Airport, which is expected to be Burma’s biggest international airport, […]

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. […]

Korea’s Incheon International Airport Corp wins Myanmar airport project

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Incheon International Airport Corp leads a group picked as the preferred bidder on Myanmar’s new US$1.1 billion (34 billion baht) air hub, the latest in a series of global deals as the Southeast Asian nation opens itself after […]