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NEWS Last modified on November 27, 2013

Airports in Myanmar set to be put up for sale in January

According to reports the Myanmar government has put half the Asian country’s airports up for sale.

The Myanmar Times has reported the Ministry of Transportation will open tenders in January for private ownership of 30 domestic airports.

By April 2014, the newspaper reports the airports will transfer to private sector use, and will be open to foreign investors, although it will favour local businesses.

The announcement follows a call for tenders to renovate Yangon and Mandalay airports, and to build a new international airport at Hanthawady.

The news marks the first time in Myanmar that domestic airports have been opened to private investors and the government says the move would help offset the cost of running the airports and would free up funds that could be better spent elsewhere.

Of the country’s 69 airports, 32 are open to both local and foreign travellers, including the major international gateways of Yangon, Mandalay and Nay Pyi Taw. Bagan/Nyaung-U, Heho and Dawei airports also offer customs, immigration and full medical services.

From January to September of this year, 2.6 million travellers passed through the domestic airports being opened for tender.

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