The consortium is formed by Singapore's Yongnam Holdings Ltd. (YNH) and Changi Airport Planners & Engineers Ltd., JGC Corporation (Japan), and Pac Link Trading (Myanmar). The consortium was invited by the government of Myanmar to re-enter negotiations for the airport concession in early February this year.
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 have since broken down.
The project involves the construction of a runway of 3,600m capable of accommodating aircraft like the B747 and A340, a full parallel support taxiway, 25 contact aircraft stands and 17 remote aircraft stands. Also included is the installation of an advance baggage handling system, and the provision of other ancillary airport support systems such as underground fuel hydrant installation, sewage treatment plant, car parking facilities, utility tunnel and emergency power station.
The project will be developed on a design, construction, operation and maintenance basis for a period of 30 years.
The total project investment is estimated at US$1.4 billion.
Hanthawaddy International Airport will be the fourth international airport in Myanmar, after that of Yangon, Mandalay and Nay Pyi Taw, and is located approximately 10 km west of the Bago township and 80 km from Yangon. The new facility is expected to be operational by December 2019. The new airport will be able to handle about 12 million passengers per year more than 9 million of the current airfield's capacity of 2.7 million.