Apr 21, 2014

Bidders to re-summit financing for Hanthawady airport construction

The shortlist of four bidding contractors for the construction of Hanthawady airport has been invited to re-submit their financial proposals within the April 22 deadline, according to the Department for Civil Aviation.

The bidders are Yongnam-CAPE-JGC Consortium, TAI SAE Corporation, VINCI Airport and Incheon Airport Consortium.

The four previously proposed to finance the construction. In light of the Japanese Official Development Assistance Loan being made available, the invitation was issued for the four to revise their financial proposals.

Myanmar has three international airports, namely Yangon, Mandalay and Nay Pyi Taw.

Pioneer Aerodrome Services, a subsidiary of Asia World Company, is operating Yangon and Nay Pyi Taw international airports.

Most international airlines fly to Yangon International Airport, which is regarded as the gateway to Myanmar, and a smaller number of flights are bound for Nay Pyi Taw. The operator has proposed to return the Nay Pyi Taw airport to the government.

Source: Eleven Weekly Media