Singapore-Led Group Wins $1.4 Billion Myanmar Airport Deal
This article is for subscribers only.
A Singapore construction company and an affiliate of Changi Airport Group won a $1.4 billion order to build a new airport in Myanmar’s Yangon as the country repairs its infrastructure after the easing of decades of sanctions.
A consortium led by Yongnam Holdings Ltd., which includes Changi Airport Planners & Engineers Ltd. and Japan’s JGC Corp., will develop the Hanthawaddy International Airport, Myanmar’s civil aviation agency said today. The group was invited to bid for the project after negotiations between the government and South Korea’s Incheon International Airport Corp., which was previously given the deal, broke down earlier this year.