Engineering and construction group Yongnam Holdings has revealed that its consortium has been reinvited to bid for Myanmar’s Hanthawaddy International Airport project, after an unsuccessful attempt last year. The consortium that includes Changi Airport Planners and Engineers and Japan’s JGC Corporation was invited by Myanmar’s Department of Civil Aviation to “enter into negotiations on the design, construction, operation and maintenance” of the airport and its facilities. The project is based on a PPP agreement with a concession period of 30 years. Located near Yangon, Myanmar’s commercial centre and former capital, the airport is expected to handle 12 million passengers annually. According to market estimates, the value of the project would be around $1 billion.
