Category: Myanmar

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 […]

Myanmar Receives 16 Proposals from nine countries for New Yangon City Project Myanmar says it has received 16 proposals from nine countries, including Japan, Singapore, Italy, Spain and France, to compete against a Chinese company’s proposal for the New Yangon City project, which is part of China’s Belt and Road Initiative (BRI). On Saturday, the […]

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 […]

Construction work to resume in Yangon with new rules work that meets regulations can resume with the region’s permission starting October 12 Construction work in Yangon, which has been halted since the third week of September, will be allowed to resume if it follows new rules, said the Yangon Region Construction Inspection Committee. “Construction projects […]