Government woos private sector in construction of Yangon elevated ring road

The Ministry of Construction (MOC) is inviting the private sector to submit Expressions of Interest (EOI) to participate in the construction of an elevated four-lane ring road in Yangon.

The MOC on May 18 invited both local and international companies interested in designing, engineering, financing, constructing, operating and maintaining the proposed expressway under a Public Private Partnership (PPP) to submit EOIs before June 29.

An official tender process is expected to take place later in the year, the MOC said.

It also added that it may decide to split the project into sections involving multiple tenders. Each section will be developed under a PPP structure or by accepting funds from the IFC.

The MOC, together with the Yangon regional government, is planning to build the approximately 47.5-kilometer four-lane elevated ring road to connect downtown Yangon, Yangon Port, Yangon International Airport, Mingalardon Industrial Park and Yangon-Mandalay Expressway. The project is among several other transport infrastructure projects included under the Yangon Urban Transport Development Plan.

The aim of the ring road is to alleviate traffic congestion in Yangon. Long distance traffic will be diverted onto the ring road while vehicles traveling short distance can continue plying the existing Yangon roads.

“It is a good plan. But the necessary feasibility studies for the project will still need to be carried out first,” said Dr Kyaw Latt, a local urban planning expert.

Source: Myanmar Times

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