“THE Yangon Central Railway Station comprehensive development project is expected to launch in May, 2017,” said an official from Division 7 of the Yangon Central Railway Station.
When the bid bond of the first tender for the project to promote the Yangon Railway Station for the 2014-15 budget year was invited bidders were unable to produce the USD 4 million grantee. For this reason the invitation has been made for a second time, it is learned. Myanmar Railway (MR) will finalise the selection of winners for the project in May. Fifteen companies including five from Myanmar, two from Singapore, two joint-venture companies from the US, two companies from Korea and three from China sent expressions of Interest (Eol) for the project when MR invited tenders for the second time in July of last year. The project will be implemented over more than 62 acres of Myanmar Railways land and the organisation has urged local and international or joint venture developers/investors to undertake design-and-build work for the project after one month, according to an official.
Investment in the Yangon Central Railway Station area comprehensive development project will reach USD 2.2 billion according to the announcement from April last year. According to sources, the area where the Yangon Central Railway Station area comprehensive development is sited is not included in the restricted area of high-rise buildings in which the height of buildings are restricted to 470 metres above sea level. So far, the Resettlement Action Plan and the Conceptual Plan for the project have already been drawn, according to MR sources.
After the selection of tender, the winner company will have to renovate the old buildings of MR in a manner that retains ancient architectural design. The company is allowed to construct buildings on over 40 acres of MR land out of a total area of 63.622 acres.—Soe Moe
Source: Global New Light Of Myanmar
