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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Critical Construction Work to Be Exempted From Mynmar’s COVID-19 Lockdown across Yangon Region

Critical Construction Work to Be Exempted From Mynmar’s COVID-19 Lockdown across Yangon Region YANGON—Construction work deemed to be critical at building sites across Yangon Region will be allowed to continue during the COVID-19 lockdown, according to the regional Construction Works Supervisory Committee. Such work is estimated to account for about 10 percent of building activity […]

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Asian Development Bank’s $180 Million USD funding to support construction of New Water Transmission Network in Yangon City, Myanmar

Asian Development Bank’s $180 Million USD funding to support construction of New Water Transmission Network in Yangon City, Myanmar The Asian Development Bank (ADB) will provide $180 Million USD in funding to support construction of a new water transmission network for the city of Yangon, Myanmar. The 34-kilometer system will include a new intake structure […]

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