Green light for new airport

Department of Civil Aviation says Hanthawaddy International Airport project should open by 2020, one year after the earlier target date due to delays in bidding.

New Light of Myanmar media quoted the DCA general director, U Win Swe Tun, as saying Myanmar would borrow from Japan to pay for the project  located in Pegu district.

The ODA loan, with a low-interest rate, is estimated to be around USD700 million, which is equivalent to about 50% of the value of the project.

“Besides, loans from development banks will also be injected into the project,” the official government newspaper said.

The USD1.4 billion project will be constructed on more than 9,000 acres where the Japanese army built an air base during World War II.

Hanthawaddy International Airport is the largest of three airport projects being undertaken to serve the boom in foreign travel to Myanmar.

The contract to build Hanthawaddy International Airport in Pegu district has now been awarded to a Japanese and Singaporean consortium comprising Yongnam, Changi Airport Planners and Engineers and JGC Corporation.

Located 48 miles north-east of Yangon, the airport will be able to handle up to 12 million passengers a year.

It will take about 90 minutes for passengers to transfer from Yangon to the airport once it opens.

Source : TTR Weekly