Business

Singapore Consortium Back in Running for Burma Airport

By Reuters 4 February 2014

SINGPORE — A consortium including Singapore’s Changi Airport Planners and Yongnam Holdings Inc has been invited by the government of Burma to re-enter negotiations to build and operate a new international airport in the country.

In August a consortium led by South Korea’s Incheon International Airport Corp was named as the preferred bidder to build Hanthawaddy International Airport, but those discussions have since broken down according to a person familiar with the matter.

Yongnam said in a statement that its consortium, which also includes Japan’s JGC Corp, has been asked by Burma’s Department of Civil Aviation to enter negotiations for a 30-year public-private partnership to build, run and maintain the airport. It was named in August as the back-up bidder to the Korean group.

The order was estimated in August to be worth around US$1 billion and would oversee the construction of an airport near Rangoon, Burma’s old capital and commercial center, that could handle an annual passenger capacity of around 12 million people.

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