DCA hopes to tie up Hanthawaddy airport deal by the end of this year

A Final concession agreement between the Department of Civil Aviation and a consortium building a major new international airport in Bago Region known as Hanthawaddy International Airport should be complete by the end of this year, according to a DCA director. Myanmar has been trying to build the airport for two decades, but delays have plagued […]

The Land Rush in Myanmar

After decades of military rule, Myanmar at last has a democratically elected government. Longtime opposition leader Aung San Suu Kyi’s party took charge in March, with her ally Htin Kyaw becoming president and the Nobel laureate herself serving as foreign affairs minister. In response, the U.S. last month announced a partial rollback of economic sanctions […]

Myanmar pushes ahead with new carrier, airport

Asia’s recently democratized nation, Myanmar (formerly Burma), is expanding its aviation capability with a new airline and the construction of an international airport. The new carrier, to be named Asian Blue Aviation, is joint venture (JV) between Japan’s full-service carrier All Nippon Airways (ANA) and Myanmar-based banking, infrastructure and telecoms company Golden Sky World, a […]

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 […]

Yongnam, Changi Airport consortium is a step closer to Myanmar airport deal

A consortium comprising JGC Corporation, Yongnam Holdings and Changi Airports International has sealed a framework deal with Myanmar’s Department of Civil Aviation (DCA) to build and manage a new international airport in Yangon, Myanmar. The signing of the agreement marks an important step towards the eventual inking of the Hanthawaddy International Airport concession agreement, the […]

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 […]

KOICA signs for Dala and Bago master plans

Korea International Cooperation Agency (KOICA) has signed with the Ministry of Construction for several ambitious projects – including master plans for the north and south of Yangon and designing a national road network. The South Korean government’s grant aid arm recently signed with the minister to prepare two regional development plans, said chief Myanmar representative […]

Myanmar Airport Expansion Plans Take Off

Growing international traffic is driving a rapid expansion of Myanmar’s major airport network as it works to keep up with overseas arrivals. In February, Myanmar’s Department of Civil Aviation (DCA) announced that work on the new Hanthawaddy International Airport, located 70 kilometres outside of Yangon, would begin next year, with the facility set to be […]

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 […]

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 […]