Invest in Myanmar - For Investors Seeking Opportunities in Myanmar
Follow:
Invest Myanmar - The Myanmar Investment Gateway
NEWS BY TOPIC
General Information about Myanmar (1)
Business (131)
FDI in Myanmar (45)
Investments (59)
Macroeconomic Data (4)
Infrastructure (4)
Financial (17)
Economy (37)
Construction (1)
Politics (29)
Real Estate (1)
Investment Legislation (3)
Sports (1)
NEWS BY SECTOR
Telecommunications (27)
Law (14)
Infrastructure (20)
Education (2)
Banking (19)
Jewellery (1)
Stock Market (2)
Agriculture (35)
Real Estate (22)
Mining and Exploration (10)
Construction (29)
Energy (47)
Textile and Fashion (10)
Tourism (23)
Information Technology (11)
Food and Beverage (13)
Electronics (3)
Waste Management (1)
Automotive (9)
Logistics (4)
Renewable Energy (0)

Myanmar plans new airport as arrivals soar

MYANMAR PLANS NEW AIRPORT AS ARRIVALS SOAR
Date: 20/11/2012
Source: Inquirer
Myanmar plans new airport as arrivals soar

YANGON—Myanmar’s main airport is expected to exceed passenger capacity this year, officials said Monday, as an influx of visitors to the once-isolated nation prompts plans for a new international flight hub.
Arrivals at Yangon International Airport are expected to surge to around 3 million in 2012, a 22 percent increase on last year that puts it above its 2.7 million threshold, according to the Department of Civil Aviation (DCA).
“We need a new airport because the increasing traffic at the current airport… is quite difficult to handle,” said Nwe Ni Win Kyaw, DCA assistant director.
The planned Hanthawaddy airport will be on a site nine times bigger than the current facility and located about 50 miles (80 kilometers) away from downtown Yangon, the country’s main commercial center.
Work is expected to start in June 2013, with the site set to become operational in 2016.
Veiled from the world for decades under a brutal military junta, the Southeast Asian nation has seen an influx of tourists and business travelers in recent months, attracted by a swathe of changes under a new reformist regime.
Total arrivals in Yangon – including both domestic and international passengers – surged to 1.53 million in the first half of 2012, more than the number that passed through the airport in the whole of 2008.
The city’s current airport, which sees the vast majority of Myanmar’s overseas air traffic, is also slated for expansion, allowing it to cope with the 5.4 million visitors expected in 2015.
“But 5.4 million would be the highest limit we could deal with,” said Nwe Ni Win Kyaw.
Myanmar has two other international airports, in Mandalay and in the capital Naypyidaw, but neither is fully operational.
The new airport plan is part of a larger scheme by the DCA to privatize all the country’s airports.
There are currently 14 international and six domestic airlines flying from Yangon airport and six new foreign carriers are in discussion with the DCA about operating in the country.


Topic: Infrastructure
Did You Know?
Myanmar, which has a total area of 678,500 square kilometres, is the largest country in mainland Southeast Asia, and the 40th-largest in the world. It is somewhat smaller than the U.S. state of Texas and slightly larger... ... More

Featured news story
GE Shifts from Thai Banking to Myanmar Infrastructure
GE Shifts from Thai Banking to Myanmar Infrastructure

Featured Video
Myanmar Focus Daily: Which business should invest now/later ? - Invest Myanmar.biz video
Myanmar Focus Daily: Which business should invest now/later ?

COUNTRY SNAPSHOT
GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
Today on Invest Myanmar
Member Companies: 82
News Stories: 341
Myanmar Videos: 59
Interesting Facts: 29
Factsheets: 9
  Copyrighted 2012 Invest Myanmar.biz. All rights reserved.  

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.



Crafted by Sofia Web Works, makers of Pahraat Kasinot and Casinobonus p alla svenska online casinon an Invest Bulgaria company