Yongnam Holdings says the consortium comprising JGC Corporation, Changi Airports International and itself, has signed a framework agreement with Myanmar’s Department of Civil Aviation (DCA) with regard to the Hanthawaddy International Airport project.
The signing of the agreement marks an important step towards the eventual signing of the Hanthawaddy International Airport concession agreement, says the Yongnam in a press release.
Japanese engineering contractor JGC holds the biggest interest of 55% in the consortium while SGX-listed construction services provider and steel structure specialist Yongnam and Changi Airports International hold 25% and 20% respectively.
In October 2014, the consortium was officially named by Myanmar’s DCA as the successful tenderer for the design, construction and management of Hanthawaddy International Airport on the basis of a public-private partnership.
Located on a site of 9,000 acres, 80 km northeast of Yangon near Bago, the new Hanthawaddy International Airport is expected to have an initial capacity of 12 million passengers per annum.
Planned for completion by 2022 a portion of the project cost will be supported by the Official Development Assistance (ODA) loan from the Japanese government, to which the Myanmar government plans to apply following the signing of the framework agreement. Further discussions will be held between the consortium and Myanmar’s DCA upon the signing of the framework agreement.
Yongnam closed 3.08% higher at 34 cents on Friday.
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The signing of the agreement marks an important step towards the eventual signing of the Hanthawaddy International Airport concession agreement, says the Yongnam in a press release.
Japanese engineering contractor JGC holds the biggest interest of 55% in the consortium while SGX-listed construction services provider and steel structure specialist Yongnam and Changi Airports International hold 25% and 20% respectively.
In October 2014, the consortium was officially named by Myanmar’s DCA as the successful tenderer for the design, construction and management of Hanthawaddy International Airport on the basis of a public-private partnership.
Located on a site of 9,000 acres, 80 km northeast of Yangon near Bago, the new Hanthawaddy International Airport is expected to have an initial capacity of 12 million passengers per annum.
Planned for completion by 2022 a portion of the project cost will be supported by the Official Development Assistance (ODA) loan from the Japanese government, to which the Myanmar government plans to apply following the signing of the framework agreement. Further discussions will be held between the consortium and Myanmar’s DCA upon the signing of the framework agreement.
Yongnam closed 3.08% higher at 34 cents on Friday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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