Incheon Named Preferred Bidder on Myanmar’s New Global Air Hub
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Incheon International Airport Corp. leads a group picked as the preferred bidder on Myanmar’s new $1.1 billion air hub, the latest in a series of global deals as the Southeast Asian nation opens itself after decades of isolation.
Incheon is in talks with Myanmar’s Department of Civil Aviation on details, aiming to sign a contract this year, open the facility in 2018 and operate it for 50 years, South Korea’s Transport Ministry said today in a statement. Hanthawaddy International Airport will be capable of handling about 12 million passengers per year, the ministry said.