doing business in myanmar – what you need to know as a singaporean
The Ministry of Construction says that it intends to select the preferred bidder for the first phase of the Yangon Elevated Expressway (YEX) project by May of this year.
The ministry said in a press released on Tuesday, that once the bidder is announced, preparatory work for the project is expected to begin by the middle of the year.
The ministry released the final request for proposals (RFP) to develop phase 1 of the YEX as a public private partnership (PPP) to 10 prequalified bidders. In the REP, the bid submission deadline was set for March 31 of 2020.
In December 2018, the ministry received 12 prequalification applications to develop the YEX under a public-private partnership (PPP). Of the 12, 10 companies met the criteria to be considered as prequalified bidders. The prequalified bidders were then invited to access relevant data and documentation related to the project and submit bids. The bidders were required to submit technical and financial proposals for the project.
Phase one of the YEX project, the first transport project to be developed under a PPP scheme, is a priority project for the government, the ministry says. The construction of YEX is expected to take about three and half years.
The project will see the creation of a four-lane elevated road of 47.5 kilometres that will link the south of Yangon, which includes Yangon Port and Thilawa Special Economic Zone, to the north side of the city, where the Yangon International Airport, Mingaladon Industrial Park and the Yangon-Mandalay Expressway are located.
Phase one of the project will involve a 27.5 km four-lane ring road connecting east and west of Yangon, as well as the Yangon International Airport.
The tendering of the second phase of the project is expected to commerce later this year, the ministry said.
The project aims to alleviate the traffic congestion in Yangon and improve connectivity for businesses and communities in the country’s commercial hub.
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Source : Myanmar Times
