Hanthawaddy Airport Construction Tender

Investment 1.5 bln to 2 bln.Location Hanthawaddy Myanmar.ScopeLocated aroun 80km from Yangon the new airport will cost between US1.5 Billion and US2 Billion to develop and will be implemented across 9000 acres of state-owned land in Bago Region. When complete it will be the biggest airport in Myanmar. The Hanthawaddy Airport was first initiated in the early 1990s but has has difficulties securing the finances needed to take off. A tender for the project to be implemented under a Public Private Partnership was conducted in 2012. A South Korean Consortium led by Inchen International Airport corporation won the tender but disagreements led to fresh tender being called in 2014. This was subsequently won by Japanese-Singaporean consortium that included Changi Airports International. The agreement expired in 2018 with construction yet to commence.The Hanthawaddy Airport is expected to replace the Yangon International Airport which government officials said will reach full passenger capacity by 2020 based on the passenger growth rate before COVID-19.