Myanmar to invite tenders to upgrade 30 domestic airports
June 04, 2014 00:00
Yangon - Myanmar will soon call tenders from local and foreign firms to upgrade 30 domestic airports, a senior aviation official said Wednesday.
"It will take at least two or three months to prepare to invite investors," said Kyaw Soe, director of the Department of Civil Aviation's (DCA) Aerodrome Standard and Safety Division.
The DCA said the airports will be handed over to the winning firms either as 100 per cent privately owned investments or joint ventures, or as build-and-operate projects, depending on the potential of each project.
Myanmar last year called for proposals for upgrading the 30 domestic airports, attracting submissions from nearly 50 companies, most of them local.
The country has a total of 69 airports. Myanmar's aviation industry is expected to grow rapidly in the coming years as tourism increases.