Monday 26 August 2013

Myanmar selects airport developers

YANGON, 21 August 2013: Myanmar’s Minstry of Transport announced the winning bids to improve two existing airports and build a green fields airport near Yangon.

The three airports are: Yangon International Airport; Mandalay International Airport; and the proposed Yangon gateway project, Hanthawaddy International Airport.

Local media reported that Pioneer Aerodrome Services, a Myanmar company, won the tender to renovate Yangon International Airport, while Singapore- based Yongnam-CAPE-JGC was selected as a back-up.

Japan-based Mitsubishi Corporation was selected to renovate Mandalay International Airport, with France-based VINCI Airports selected as the back-up company.

South Korea’s Incheon Airport consortium was selected to build Hanthawaddy International Airport, while Yongnam-CAPE-JGC selected as the back-up operator.

Incheon airport officials will arrive in Myanmar, later this month, from South Korea to negotiate the development of Hanthawaddy International Airport, an entirely new project that will ultimately become the main airport for Yangon.

The group was announced by Myanmar’s state media, 10 August, as the preferred bidder to build the airport, which is slated to become the country’s largest with a possible price tag of US$1.1 billion.

Negotiations between Incheon officials and Myanmar’s Department of Civil Aviation are to begin at the end of this month and may take two or three months to complete.

Discussions will focus on capacity, infrastructure connections, and the relative roles of Yangon and Hanthawaddy airports, said Korean embassy counselor and deputy chief of mission Park Jae-kyung.

Although the Hanthawaddy site is furtheraway from Yangon than the existing airport, requiring a 90-minute transfer on current roads, a proposed divided highway could reduce travel time significantly.

It should have a start-up capacity of around 12 million passengers annually and will ultimately be larger than Yangon International, according to a statement from Korea’s Ministry of Transport.

The ministry said the Incheon consortium includes South Korea firms Halla Engineering and Construction, Kumho Industrial, Lotte Engineering and Construction and POSCO ICT.

The airport will be developed under a build-operate-transfer agreement that will see it handed over to the government in 2067.

Preparatory work on the site began at the Hanthawaddy green fields site in 1993, but ceased in 2004. The back-up tenderer is comprised of a consortium of Yongnam Holdings Limited and Changi Airport Planners and Engineers, both of Singapore, and Japan’s JGC Corporation.

All three projects are scheduled to begin early next year.

source: TTR Weekly

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