MegaProject 68: Myanmar awards two airport PPP projects
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Myanmar has chosen preferred bidders for two Public Private Partnership contracts for airport projects.
A consortium led by South Korea's Incheon International Airport Corporation has been chosen as the preferred bidder to build the new Hanthawaddy International Airport.
Incheon Airport had bid to win the order worth about US$1 billion for the Myanmar airport project as part of a consortium with Kumho Industrial Co Ltd, Halla Engineering & Construction Corp, Lotte Engineering & Construction Co Ltd and Posco ICT Co Ltd.
The South Korean airport operator plans to complete a construction of Hanthawaddy International Airport near Yangon by 2018 and run the airport for up to 50 years. The airport will have an annual passenger capacity of 12 million-
The final contract for the $1.1 billion project will be signed at year end.
The consortium has been granted a 30-year contract from the government to improve the existing airport and for managing operations.
Based on the experiences of JALUX, the only Japanese company with experience operating airports overseas, and MC's know-how in the rehabilitation/improvement of airport facilities with the strengths of public sector that DCA's experience in the operation of airports in Myanmar brings to the table, this PPP will enable Mandalay Airport to better accommodate the passenger increases projected for the future.
Will be located about 50 miles northeast of downtown Yangon and will be capable of handling about 12 million passengers annually.
Located in central Myanmar, Mandalay Airport serves as a domestic hub currently, with routes connecting 12 major cities within the country. Passenger traffic at the airport is currently seeing an annual growth of 20 percent, serving 80,000 international and half a million domestic passengers in 2012.Source: Mitsubishi & InfraPPP's research