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The project started in 2001 but was subsequently halted. In 2012, the Myanmar Government restarted the project.

With the latest tenders and by a new operator, the completion date of Phase 1 is now pushed back to 2027. Phase 1 consists of a 3600m concrete runway, as well as the high-speed taxiway. After the Phase 3 completion around 2032-2035, Hanthawaddy will have "2" 3600m runways and a huge satellite terminal which has a capacity of 60million passengers per year ( can be updated ).

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