Myanmar will start work on the new $1bn Hanthawady International Airport project in September 2013 to accommodate future passenger traffic growth.
The new airport will be built in Myanmar's central Bago region on an area spanning 3,924ha, with completion expected in December 2017.
According to the Myanmar Department of Civil Aviation (DCA), seven pre-qualified firms have been selected for tendering the airport project out of 30 firms that expressed an interest.
The new airport will be designed to house large aircraft and cargo planes and serve 12 million passengers per year, with the potential to serve up to 35 million.
Following the pre-qualification bid, the selected firms will submit formal tenders for the project, which are to be implemented through a public-private partnership (PPP), joint venture or build-operate-transfer (BOT) system.
So far, the DCA has received proposals from Incheon Airport Consortium, Yongram-CAPE-JGC Consortium, Vinci Airport and Taisei, with the winner set to be announced in July 2013.
Along with the construction of Hanthawady International Airport, Myanmar will also revamp Yangon International Airport to boost its capacity to six million passengers per year, up from the current 2.7 million passengers.
Yangon International Airport, which spans over an area of 405ha, handled 500,000 passengers in 2012, with an anticipated six million passengers in 2017.
Myanmar is investing in the airport's infrastructure to serve the anticipated rise in passenger traffic during the upcoming 27th South East Asian Games hosted by the country during November 2013.
Myanmar is also working on a plan to privatise all domestic airport management businesses in a bid to support the civil aviation industry.
Image: Myanmar will also revamp Yangon International Airport while the Hanthawady International Airport is under construction.