South Korean state-run operator gets contract to build Myanmar’s new Hanthawaddy International Airport, AFP reported. A consortium led by the Incheon International Airport Corp (IIAC) was chosen as the preferred bidder to construct the Hanthawaddy International Airport as a second hub for the country’s commercial centre Yangon, Myanmar’s Department of Civil Aviation said.
The final contract for the $1.1 billion project will be signed at the end of this year, Seoul’s transport ministry said in a statement on Sunday confirming the successful bid.
The country’s main air gateway Yangon International Airport, which is also set for expansion, currently has a capacity of only 2.7 million passengers annually and authorities warned last year that the number of arrivals was set to exceed that level.
Hanthawaddy International – to be located about 80 kilometres northeast of downtown Yangon – will be capable of handling about 12 million passengers a year, the South Korean transport ministry said.