South Korea's Incheon wins tender to build new Myanmar airport
YANGON, Myanmar (AP) - A consortium headed by South Korea's Incheon will build a new international airport in Myanmar to help the South-east Asian country cope with an influx of tourists and business executives, state media said on Saturday.
Efforts to construct the sprawling US$1 billion (S$1.26 billion) Hanthawaddy Airport - the second international hub for the main city of Yangon - have been on again-off again for almost two decades.
The airport is currently scheduled for completion by 2018. The authorities say it will eventually be able to accommodate 35 million passengers per year.
The state-run New Light of Myanmar newspaper said on Saturday that the Incheon Airport Consortium was among 30 companies that showed interest in the project.