Hanthawaddy International Airport (Burmese: ဟံသာဝတီအပြည်ပြည်ဆိုင်ရာလေဆိပ်) is a new international airport to be built in Bago Region, Myanmar which is located about 48 miles (77 km) away from Yangon. The project was started in 2001 but it was subsequently halted. The proposed site of the airport has a gross area of 36.42 square kilometres (14.06 sq mi).
Myanmar's government have announced their plan to restart the project in 2012 to meet their future developments. A consortium led by Incheon International Airport Corporation (IIAC), including South Korean firms (Halla Engineering & Construction Corporation, Lotte Engineering & Construction Corporation, POSCO ICT and Kumho Industrial Company) was awarded the $1.1 billion USD contract, to build the new airport and operate the airport for 50 years. The airport will have the capacity to handle 12 million passengers per year and expected to be start operation by 2018.However, due to financial related issue and disagreement over passenger capacity, the deal with the Incheon consortium was terminated and a new tender was reopened in February 2014.
The new tender was awarded to a Singapore-Japan consortium on 29 October 2014. The consortium comprises Singapore’s Yongnam Holdings, Changi Airport Planners and Engineers, a subsidiary of Changi Airport Group and Japan’s JGC Corporation. The contract is worth $1.45 billion and the consortium will get official development assistance from the Japanese government for up to 49 percent of the total contract. The rest of the funding will come from private lending ($517 millions) and investments from the consortium ($222 millions). The completion date is now pushed back to 2022.
