doing business in myanmar – what you need to know as a singaporean
Japanese companies have secured a 64-million-dollar deal to provide new train cars for an ongoing railway project in Myanmar.
Leading trading house Marubeni and train maker Niigata Transys have announced that they will supply Myanmar Railways with 24 train cars.
Myanmar is having trouble with its aging railway systems, but the country’s economy is experiencing robust growth.
Myanmar Railways is working on a project aimed at modernizing the systems on the existing railway line between the country’s biggest city of Yangon and the second largest commercial city of Mandalay.
The 24 cars will be used for a section of the line that runs from Yangon to Taungoo. It is about 270 kilometers long.
It currently takes 7 hours to travel between those two cities, but the ongoing project will shorten the time to 3 hours and 20 minutes.
Marubeni plans to start delivering the train cars in 2020. It also plans to provide training for the engineers who are responsible for maintenance.
Source: NHK WORLD
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