Incheon consortium wins bid to build airport in MyanmarA consortium led by Korea’s Incheon International Airport Corporation has been chosen as the preferred bidder to build a new international airport in Myanmar, Korea’s Land Ministry said yesterday.
Incheon Airport had bid to win the order worth about $1 billion for the Myanmar airport project as part of a consortium with Kumho Industrial, Halla Engineering & Construction, Lotte Engineering & Construction and Posco ICT, the ministry said in a statement.
The Korean airport operator plans to complete construction of Hanthawaddy International Airport near Yangon, Myanmar’s old capital and commercial centre, by 2018 and run the airport for up to 50 years. It will have an annual passenger capacity of 12 million, the ministry said.
The Incheon Airport consortium and Myanmar’s Department of Civil Aviation are slated to sign a final contract at the end of this year, it said.
More in Industry
[Video] Airline deal of the century
From Europe with love
SK Holdings creates hydrogen investment business unit
'Netflix law' to go into effect from Dec. 10