Yangon Elevated Expressway, phase one to cost $800 million

Photo: Aung Khant/The Myanmar TimesYangon Elevated Expressway, phase one to cost $800 million Phase one of the Yangon Elevated Expressway Project, which includes construction of the Yangon Elevated Expressway and the Yangon Circular Expressway, will cost around $800 million, according to U Han Zaw, union minister for the Ministry of Construction. “The project is part […]

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Construction of Myanmar’s Ayeyarwady coastal expressway to start this year

Construction of Myanmar’s Ayeyarwady coastal expressway to start this year Implementation of the Ayeyarwady Coastal Region Development Project, an expressway connecting Ayeyarwady Region and Rakhine State listed under the Myanmar Project Bank, will start from this fiscal year, according to the Ministry of Construction. The project is estimated to cost US$94 million and expected to […]

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Japan Announces Soft Loan of $414 Million to Myanmar to assist with infrastructure development projects

Japan Announces Soft Loan of $414 Million to Myanmar to assist with infrastructure development projects To assist Myanmar with infrastructure development projects, Japan has announced a soft loan of 42.78 billion Yen, equivalent to $414 million. Out of the total money announced by the Japanese government, 27.78 billion yen will be reserved for the development […]

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Prices of imported construction materials have risen in Myanmar during the COVID-19 pandemic

Prices of imported construction materials have risen in Myanmar during the COVID-19 pandemic Prices of imported construction materials have risen in Myanmar during the COVID-19 pandemic due to supply and logistics challenges, according to local developers. “Arrivals of imported construction materials have been delayed because of transport and logistics issues. As some construction work cannot […]

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Myanmar Government Invites Submissions of Competing Proposals for China-Initiated New Yangon City Project

Myanmar Government Invites Submissions of Competing Proposals for China-Initiated New Yangon City Project The Myanmar government has invited investors to submit competing proposals against a Chinese company’s proposal to develop an industrial park and related infrastructure for the New Yangon City project, in a move that brings the backbone project under China’s ambitious Belt and […]

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