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NEW UPDATES Asean Affairs   4 February  2016  

 Hanthawaddy International Airport Project reaches significant milestone

The consortium comprising JGC Corporation, Yongnam Holdings Limited, and Changi Airports International has reached a significant milestone in the Hanthawaddy International Airport project with the signing of the Framework Agreement with Myanmar’s Department of Civil Aviation (DCA) on 30 January, according to a media release from the group.

The signing of the Framework Agreement marks an important step towards the eventual inking of the Hanthawaddy International Airport concession agreement.

In October 2014, the consortium was officially named by Myanmar’s DCA as the successful tenderer for the design, construction and management of Hanthawaddy International Airport on the basis of a public-private partnership.

Located on a site of approximately 9,000 acres, 80 km northeast of Yangon near Bago, the new Hanthawaddy International Airport is expected to have an initial capacity of 12 million passengers per annum, making it the largest airport in Myanmar. Once operational, the airport will become the main international gateway into Myanmar, particularly the Yangon metropolitan area – the heart of commerce to a large emerging economy of more than 50 million people.

Given its capacity, the new Hanthawaddy International Airport will bring about a boost in global air connectivity for Myanmar, bolstering the flow of business and leisure travellers as the country witnesses growth in trade and tourism industries. Besides uplifting the country’s economy, the development of the Hanthawaddy International Airport, coupled with the development of related public infrastructure, will increase commercial and industrial activities around the Bago region and beyond, raising the local residents’ standard of living through new job creation over time in phases.

The Hanthawaddy International Airport project is planned for completion by 2022. A portion of the project cost will be supported by the Official Development Assistance (ODA) loan from the Japanese government, to which the Myanmar government plans to apply following the signing of the Framework Agreement. Further discussions will be held between the consortium and Myanmar’s DCA upon the signing of the Framework Agreement.

JGC holds the biggest interest of 55% in the consortium. Yongnam and Changi Airports International hold 25% and 20% respectively.--mizzima

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

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