THE construction of Hanthawaddy International Airport near Yangon will finish by 2022 instead, four years after the already delayed completion date, due to problems in obtaining funds.
“(As) the process of obtaining ODA (official development assistance) loans is held up, the project’s completion date is now postponed to 2022,” said Min Lwin, deputy director general of DCA, at a press conference in Yangon.
Yongnam-CAPE-JGCC, a joint consortium between Singapore and Japan, was selected by the Myanmar’s Department of Civil Aviation (DCA) to undertake the US$1.5 billion project last year.
Located 77km north-east of Yangon, in Bago, the Hanthawaddy airport will be capable of handling up to 10 million passengers annually, well above Yangon International Airport’s current capacity of 2.7 million.
Min Lwin added that Yangon International Airport will be upgraded to accept six million passengers by 2016.