- With total number of passengers skyrocketing in Yangon to reach close to five million lat year, Yangon International Airport has been under increasing pressure to expand its passengers facilities. Yangon Aerodrome Company Limited (YACL), a subsidiary of controversial company Asia World Group, a local company which already manages the current international terminal.
The new facility is supposed to accommodate up to 20 million passengers and has been developed in less than two years. The completion of work can be considered as the last achievement of the outgoing government in Myanmar. The new terminal 1 was in fact inaugurated by Myanmar President U Thein Sein, probably one of his last public appearances.The contract was awarded back to 2013 to Asia World and was built for a total investment of US$660 million. The investment was totally financially supported by the company for the 100,000 m2 terminal.
T1 incorporates approximately 35,000 sqm of retail outlets, F&B dining options and commercial space as well as 3,000 m2 of premium lounge space for passengers waiting to board their flights.
From Monday, national carrier Myanmar National Airlines moves into the new terminal and start operations from the new facility.
Yangon’s existing international terminal, which is also managed by Asia World Group, is now to be rebranded as Terminal 2. Until a new domestic terminal is completed, the current international terminal (T2) will be used for domestic departures.
YACL chair U Htun Myint Naing explained that the main difficulty of the new airport was the restricted space at the airport, which is located in a dense urban environment. Asia World worked with Singapore Changi Airport to maximize the design of the new facility. Yangon International Airport received last year 4.68 million passengers and is expecting over five million travellers in 2016. By 2019, Asia World Group expects to welcome approximately eight million of passengers. Currently, Yangon welcomes 28 international airlines – the newest being Emirates Airlines with daily flights to Dubai and Hong Kong Express to Hong Kong as well as 11 domestic carriers.
Work is due to start on the new Hanthawaddy International Airport in the Bago Region until the end of the year. he project will cost US$1.4 billion project and is due for completion by 2022. It will be able to welcome 30 million passengers a year.