Jump to content

Recommended Posts

Posted

YANGON, 3 November 2014: A Japanese-Singaporean joint venture has won the contract to build the USD1.5 billion Hanthawaddy International Airport located north of Yangon.

From TTR Weekly by Wanwisa Ngamsangchaikit

inside-no-1.jpg

The Irrawaddy news channel reported that the bid winner — a consortium comprised of Singaporean firms Yongnam Holdings Ltd. and Changi Airport Planners and Engineers (CAPE), as well as Japan’s JGC Corporation — was announced at a press conference held at the Aerospace Engineering University in Yangon last week.
The contract for the airport was put out to tender in February 2013 for the first time, but was re-opened for tender a year later after the government was unhappy with the terms proposed by the initial tender winner.
Read the full story here: Myanmar names airport developer
Posted

About time too. The existing Yangon Airport is a small domestic sized entity by comparison to others in the region, with all the resultant hold ups on arrival.

Posted

An outstanding development that will attract ancilliary land development, improve infrastructure, create sustainable jobs, etc. But the $1.5 billion USD price tag does seem to be low for the project and a standard 30% contingency would quickly get project costs to $2 billion. If Myanmar doesn't carefully monitor project costs, quality control and assurance, and timetable, the project could easily become an unBuddha-like white elephant.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Topics

  • Latest posts...

    1. 5

      Thailand Live Tuesday 26 November 2024

    2. 3

      Transgender Congresswoman-Elect McBride Criticizes GOP's Focus on Bathroom Policies

    3. 3

      Transgender Congresswoman-Elect McBride Criticizes GOP's Focus on Bathroom Policies

    4. 0

      Drunk Driver Causes Chaos Near Pattaya, Crashes into Vehicles & Wall Before Being Arrested

    5. 5

      Thailand Live Tuesday 26 November 2024

    6. 0

      Rayong: Candlelit Homework Triggers Fire, Destroys Family Home

    7. 0

      AQ.in.th Passport Service

  • Popular in The Pub


×
×
  • Create New...