Korean company to build new international airport in Nepal

Landmark Worldwide Company Limited of South Korea has bagged the contract of conducting detailed feasibility study (DFS) of Nepal´s proposed second international airport at Nijgadh in Bara.

Murari Bahadur Karki, joint secretary at the Ministry of Tourism and Civil Aviation (MoTCA), and Lee Sang Ho, president and CEO of Landmark, signed the agreement on behalf of their respective organizations on Sunday.

As per the agreement, the Korean company has to submit the DFS report within 10 months starting April 1, 2010. Landmark will bear the study cost estimated at $3,551,023.

“The agreement will open a new avenue for infrastructure development in Nepal,” Minister for Tourism and Civil Aviation Sharat Singh Bhandari said, after the signing ceremony. He assured the representatives of Landmark that the government would provide necessary support and cooperation to conduct detailed feasibility study.

Saying that Nepal´s tourism industry holds a great potential, Lee said the initiative to develop second international airport was a historic event for Nepal.

Nagendra Prasad Ghimire, secretary at MoTCA, said the initiation of the project was a positive sign for Nepal´s economic development.

Landmark had shown interest to conduct detailed feasibility study of the project after the government decided to develop the airport under build own operate and transfer (BOOT) model.

Other companies like Incheon International Airport Corporation, Korea Power Engineering Company Inc., Yooshin Corporation, Archiplan Inc, Kumho Industrial Co, Seoultel Engineering Company, Hanil Mech. Elec. Consultants and Airport De Paris had also submitted their expressions of interest.

The government has felt the necessity of developing second international airport in the country, realizing increasing congestion at Tribhuvan International Airport.

(Source:Republica)

Related Post

Construction of second Int’l airport to begin soon Minister for Tourism and Civil Aviation Lokendra Bista Magar on Sunday said that the construction works of the Second International Airport at Nijga...
Call for TIA improvement Problems in the country’s only international airport— Tribhuwan International Airport (TIA)— have overshadowed facilities available. A report, comm...
New international airport to build next year Minister for Tourism and Civil Aviation Khadga Bahadur Bishwakarma on Monday said that construction of the second international airport at Nijgadh w...
Damaged TIA runway affects flights Tribhuvan International Airport (TIA), the only international airport in the country, temporarily halted its service on Sunday afternoon after a pot...
Second International Airport project gets moving again The Second International Airport (SIA) project has stirred back to life after 21 months in hibernation. The futuristic jet hub, which is planned to ...
BB Airways seeks permit to scrap its Boeing 757 BB Airways has sought permission from the Civil Aviation Authority of Nepal (Caan) to scrap its vintage Boeing 757 as it has not been able to obta...
Flydubai starts four flights a week to Kathmandu Flydubai, Dubai’s first low cost carrier, landed for the first time at Tribhuwan International Airport (TIA) . Nepali travel and tourism entrepreneu...
New domestic airport near Capital mulled A dramatic surge in the movement of international and domestic aircraft at Tribhuvan International Airport has compelled the government to explore a...
Nepal’s International Airport now operates 21 hours a day The opening hours of Tribhuvan International Airport (TIA) are now 6 am to 3 am the next day. Tourism Minister Rabindra Adhikari inaugurated the n...
Kathmandu-Kyirong-Railway Project to cost Rs.257 billion and a timeline of over 9 years A preliminary feasibility study conducted by a Chinese company has concluded that extending a railway line from Kyirong of Tibet to Kathmandu of N...
Delhi-KTM airfare hike in offing Unpleasant news for those who fly from Delhi airport: Fares of the domestic and international flights taking off from the Indira Gandhi Internationa...
Air passengers decrease by 6% Tribhuwan International Airport (TIA) handled 2.65 million passengers in the first 10 months of 2015. The figure is 5.99 percent lower compared to ar...
Tribhuvan Int’l Airport to get new domestic terminal next year KATHMANDU, JAN 18 - Tribhuvan International Airport (TIA) will likely get a new domestic terminal with improved and advanced facilities next year. M...
Oman Air and Manila Airlines to begin flights to KTM Oman Air, the flagship company of the Sultanate of Oman's civil aviation sector, and the Spirit of Manila Airlines Corporation (Spirit of Manila), a...
Heavy congestion at TIA causes flight delays The rise in the movement of international and domestic aircraft has created a heavy congestion in the Tribhuvan International Airport (TIA). The dom...
Bad weather forces flights to divert‚ delay at TIA Poor visibility due to dense fog in the Kathmandu Valley diverted some and delayed other flight operations at the Tribhuvan International Airport to...
ADB pledges $30m more to upgrade Bhairahawa airport The Asian Development Bank (ADB) has pledged to provide another loan of US$ 30 million to the government to scale up the upgrading of Gautam Buddha ...
You might also like