Myanmar and consortium sign framework agreement for new international airport project

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Myanmar and consortium sign framework agreement for new international airport project

A consortium comprising JGC Corporation, Yongnam Holdings Limited and Changi Airports International has signed a framework agreement with Myanmar’s Department of Civil Aviation (DCA), reaching a milestone in the Hanthawaddy International Airport PPP project.

In August 2013 a consortium led by South Korea's Incheon International Airport Corp was named as preferred bidder to build the airport but discussions broke down. 

Then the new consortium was invited by the government of Myanmar to enter negotiations for the airport concession in early February 2014.

In October 2014, the consortium was officially named by Myanmar’s DCA as the successful tenderer for the design, construction and management of the airport.

A spokesman for the consortium said the concession agreement for the estimated US$1.5 billion project is expected to be signed in the third quarter of 2016.  

Located on a site of approximately 3,642 hectares, 80 kilometres northeast of Yangon near Bago, Hanthawaddy International Airport is expected to have an initial capacity of 12 million passengers per annum, making it the largest airport in Myanmar.

Once operational, the airport will become the main international gateway into Myanmar, particularly the Yangon metropolitan area. The Hanthawaddy International Airport project is planned for completion by 2022. The project will be developed on a design, construction, operation and maintenance basis for a period of 30 years.

It is expected that part of the project will be funded through an Official Development Assistance loan from the Japanese government. 

JGC Corporation, which is one of Japan's leading engineering contractors, holds an interest of 55% in the consortium. Singaporean companies Yongnam and Changi Airports International hold 25% and 20% respectively.

List of country news

Country news

  • June 06, 2013

    Yongnam - CAPE - JGC Consortium submits proposal for Hanthawaddy International Airport concession

    On 29 May 2913, the consortium comprising Yongnam Holdings Limited, Changi Airport Planners and Engineers and JGC Corporation has submitted a proposal to the Myanmar Department of Civil Aviation on the Request for Proposal dated 8 February 2013, for the right to design, construct, operate and maintain Hanthawaddy International Airport and its facilities on the basis of a public-private partnership agreement for a 30-year concession period, having achieved pre-qualification prior in February 2013. Read more
  • August 13, 2013

    Myanmar awards two airport PPP projects

    Myanmar has chosen preferred bidders for two Public Private Partnership contracts for airport projects. Read more
  • October 31, 2013

    Japanese consortium to build a SEZ in Myanmar under a PPP

    Mitsubishi Corporation, Marubeni Corporation and Sumitomo Corporation on Tuesday announced the establishment of a new consortium to develop the Thilawa Special Economic Zone project in Myanmar. Read more
  • February 07, 2014

    Second consortium invited to negotiate for Hanthawaddy International Airport concession

    A consortium including Singapore's Changi Airport Planners and Yongnam Holdings Inc has been invited by the government of Myanmar to re-enter negotiations for the Hanthawaddy International Airport concession. Read more
  • April 28, 2014

    Myanmar announces PPP for domestic airports

    Myanmar's Department of Civil Aviation (DCA) has announced that it plans to issue a tender process in the last quarter of this year inviting local and foreign companies to upgrade 39 underdeveloped domestic airports. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.