In October, Myanmar’s Department of Civil Aviation named preferred bidders for the construction of both the Hanthawaddy and Mandalay international airports. The department named a consortium led by South Korea’s Incheon International Airport as the preferred bidder for the $1.1 billion Hanthawaddy International Airport project, while a consortium led by Mitsubishi won the contract for the Mandalay airport. Incheon Airport has formed a consortium with Kumho Industrial, Halla Engineering & Construction, Lotte Engineering & Construction, and Posco to develop Hanthawaddy, while Mitsubishi’s co-sponsors include JALUX and SPA Project Management. The Incheon-led consortium will be responsible for the development of the new airport under a 50-year concession. The new airport will be located around 80 km northeast of Yangon. Mitsubishi will hold a 30-year concession to develop the Mandalay airport that will be located in central Myanmar.
