Category: Myanmar

Myanmar welcomes Japan’s offer to invest in the Dawei Special Economic Zone project in Tanintharyi Region Myanmar welcomes Japan’s offer to invest in the Dawei Special Economic Zone project in Tanintharyi Region, according to the Dawei SEZ Management Committee. An official reply from the Ministry of Foreign Affairs has been sent to Japan. Japan on […]

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 […]

Nine firms purchase right to submit proposals for first phase of the New Yangon City Development project Nine out of 15 eligible organisations have paid the Request for Proposal (RfP) fee which allows them to access documents related to investing in the first phase of the New Yangon City Development project, according to the Ministry […]

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 […]

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 […]

Japan offers to participate in Myanmar’s Dawei SEZ development Japan has made an official offer to participate in the development of the Dawei Special Economic Zone (SEZ), said U Myint San, Vice Chair of the SEZ management committee. “The Japanese government has made a proposal after we invited them to participate in the project on […]

Myanmar secures energy supply for Dawei City with new 16MW gas power plant In the Southeast Asian nation of Myanmar, a 16MW gas-powered plant has been installed to ensure reliable energy supply. The construction of the plant in Dawei follows the government of Myanmar awarding a contract to energy provider Petro & Trans Co. The […]

Construction of Myanmar’s Bago-Kyaik Hto Expressway to commence in 2022 Construction of an expressway connecting the city of Bago and Kyaik Hto township in Mon State is expected to start in fiscal 2022-23, U Aung Myint Oo, Director General of Department of Highways under the Ministry of Construction, told the Myanmar Times. This comes after […]

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 […]