GMR and AirAsia to Bid for Thai Airport

GMR and AirAsia to Bid for Thai Airport

GMR Infra, an Indian Infrastructure company, has tied up with low-fare carrier Thai AirAsia in an effort to bid for the USD 2 billion expansion project of the U-Tapao airport in Thailand. For the U-Tapao airport bid, the consortium also includes Property Perfect Plc...
Hai Phong City Plans Two More International Container Terminals

Hai Phong City Plans Two More International Container Terminals

Vietnam’s Prime Minister Nguyen Xuan Phuc has greenlighted the expansion of Lạch Huyện Port to two more terminals in the next 6 years, with the first terminal expected to be operational by 2022. Port operator Hai Phong Port Joint Stock Company, a subsidiary of...
Indonesia Expected to Spend USD 33 Billion for Capital Relocation

Indonesia Expected to Spend USD 33 Billion for Capital Relocation

Indonesia’s President Joko Widodo has announced a USD 33 billion project to relocate the Indonesian capital from Jakarta to East Kalimantan, a province on the island of Borneo located 1,400 km away from the current capital. Main reasons for the move are chronic...