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 […]

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 […]

Myanmar to Seek Development Assistance for Airport Project

YANGON — The Myanmar government has agreed to seek a concessional loan worth as much as US$750 million to go toward the cost of a new airport to serve Yangon, officials said Monday. The government in August selected a consortium led by South Korea’s Incheon International Airport Corporation as the preferred bidder to develop the […]

New and Improved Airports Needed as Myanmar’s Tourism Grows, Officials Say

RANGOON — With the winning bids for Burma’s three major new airport projects due to be announced by the end of this month, officials say the contracts are necessary, given that the government hopes to draw over 7 million tourists to the country by 2020. The existing international airports for Rangoon and Mandalay will be […]