Myanmar’s largest international airport will be put into service by 2022, four years later than its original target, an official report has revealed.
The winning consortium of Yongnam and Changi Airport planners and engineering (CAPE) from Singapore and Japan’s JGC Corporation will sign the initial framework agreement with the government for the airport project shortly, the Global New Light of Myanmar said.
Investors are seeking official development assistant (ODA) loans for the project, which will cost around 1.5 billion U.S. dollars, according to the Department of Civil Aviation.
The Hanthawaddy international airport will be constructed on more than 3,645 hectares of land on the site of a World War II Japanese military airport in Bago region.
In 2014, the consortium won a contract to build the airport.
It will become a regional aviation hub and is projected to handle up to 12 million passengers a year.