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February 26, 2018

Concession Agreement signed to upgrade Yangon International Airport

Department of Civil Aviation has invited private sector to participate in upgrading the government-run Yangon and Yangon international airports and carrying out airport services, Union Minister for Transport U Nyan Tun Aung said at the signing ceremony of a Concession Agreement on Yangon International Airport project between DCA and Yangon Aerodrome Co., Ltd. at the office of Asia World Port in Ahlon Township, here, on 6 January.
He said that the DAC held meetings for 19 times with Pioneer Aerodrome Services Consortium to sign the project agreement. They took approvals from the office of the Attorney-General of the Union and the Union government for signing the concession agreement, he added.
Union Minister U Nyan Tun Aung, Director-General U Win Swe Tun of DAC and Chairman of Yangon Aerodrome Co., Ltd. U Tun Myint Naing signed the Yangon International Airport concession agreement.
The department conducted a prequalification for local and foreign investors from 25 October to 5 December 2012 and announced the list of 11 qualified organizations at State-run newspapers on 7 February 2013. Of them, seven organizations submitted tender proposals for the project. The department announced tender winner Pioneer Aerodrome Services Consortium and reserved Yongnam-CAPE-JGC Consortium on 10 August 2013 through State-run newspaper.

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