Real Estate Market Revives Over New Bago Airport Project

Real estate market has revived in Bago region as a new international airport project was to be signed, according to an official report. The Bago real estate market went cold during 2015 but the prospective signing of an agreement between the government and the airport contractors has caused the price of land in the region […]

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 […]

What’s so special about a white elephant?

The expression “white elephant” refers to a gift, typically cumbersome and large in size, that is difficult to dispose of and exorbitantly expensive to maintain. Like, say, something that eats 200 to 600 pounds of food in a single day. Legend holds that the king of Siam would bestow white elephants upon his wilier courtiers, […]

Hantharwady Airport’s construction delays

The construction of Hantharwady International Airport in Bago region, which was initially scheduled on July 1 would be delayed since the selection process of construction companies have not yet finished, said t he Aviation Department. The department planed to build the airport within three years and a halt to have capacity of handling some 12 […]