Hanthawaddy International Airport ( my, ဟံသာဝတီအပြည်ပြည်ဆိုင်ရာလေဆိပ်) is an international airport currently under construction in Bago Region,

Myanmar Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John Wells explai ...

that is located about away from

Yangon Yangon ( my, ရန်ကုန်; ; ), formerly spelled as Rangoon, is the capital of the Yangon Region and the largest city of Myanmar (also known as Burma). Yangon served as the capital of Myanmar until 2006, when the military government ...

. The project was started in 2001 but it was subsequently halted. The proposed site of the airport has a gross area of . Myanmar's government have announced their plan to restart the project in 2012 to meet their future developments. A consortium led by

Incheon International Airport Incheon International Airport (IIA; ) (sometimes referred to as Seoul–Incheon International Airport) is the largest airport in South Korea. It is the primary airport serving the Seoul Capital Area and one of the largest and busiest airports ...

Corporation (IIAC), including

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korean Peninsula and sharing a land border with North Korea. Its western border is formed by the Yellow Sea, while its eas ...

n firms (Halla Engineering & Construction Corporation, Lotte Engineering & Construction Corporation, POSCO ICT and Kumho Industrial Company) was awarded the US$1.1 billion contract, to build the new airport and operate the airport for 50 years. The airport will have the capacity to handle 12 million passengers per year and expected to be start operation by 2018. Due to financial related issue and disagreement over passenger capacity, however, the deal with the Incheon consortium was terminated and a new tender was reopened in February 2014. The new tender was awarded to a Singapore-Japan consortium on 29 October 2014. The consortium comprises Singapore's Yongnam Holdings, Changi Airport Planners and Engineers, a subsidiary of Changi Airport Group and Japan's JGC Corporation. The contract is worth $1.45 billion and the consortium will get official development assistance from the Japanese government for up to 49 percent of the total contract. The rest of the funding will come from private lending ($517 million) and investments from the consortium ($222 million). The completion date is now pushed back to 2022.

References

{{authority control Airports in Myanmar JGC Corporation

See also

References