Yongnam

Yongnam: A consortium comprising Yongnam Holdings, Changi Airport Planners and Engineers and Japan-based JGC Corp has submitted a proposal to design, build and operate the Yangon International Airport. In an announcement Mon, Yongnam said the consortium was successful in an earlier round of pre-qualification, and was subsequently invited in February to submit a tender. The proposal, submitted to the Myanmar Department of Civil Aviation, was for the right to design, construct, operate and maintain Yangon International Airport and its facilities on the basis of a public-private partnership agreement for a 30-yr concession period. We note that Yongnam stands to have a good chance of winning the contracts, recalling its track record that Yongnam had in the past built the Mumbai International airport too and is often considered one of Asia’s largest structural steel co’s, while Changi similarly often been voted as one of the world’s top airport.