A Glass bridge and resort to be built near Gokteik Viaduct

The beauty of nature exists in every state and region of Myanmar. Besides, Myanmar also possess historical heritage which adds more value to the beauty of the respective places. Money investment, international standard techniques, imagination also shape the places more fascinating. Now, a resort with Myanmar’s first glass bridge is going to be built near […]

Myanmar, S. Korea Pledge to Step Up Cooperation on Trade, Investment, Energy

YANGON—Myanmar and South Korea have agreed to cement their economic cooperation, particularly in the trade, investment and energy sectors, to help Myanmar overcome the economic fallout from the coronavirus pandemic. Speaking via videoconference during Wednesday’s first meeting of the two countries’ Joint Commission for Trade and Industrial Cooperation, South Korean Trade, Industry and Energy Minister […]

Bridging the gap: Yangon’s boom falls short across river

On her scruffy, downtrodden bank of the river, teashop-owner Khin works just a few hundred metres across the muddy water from Yangon and dreams of the riches promised by a new bridge linking to Myanmar’s commercial heart. “The quicker, the better,” 58-year-old Khin Than Myint tells AFP of the construction of the US$168 million bridge, […]

South Korean president to visit Myanmar on sept. 3

South Korean President Moon Jae-in and his wife will pay a state visit to Myanmar on Sept. 3 at the invitation of the Myanmar President and First Lady. The visit will be part of Moon’s six-day tour of the region beginning Sept. 1 to build closer ties with Southeast Asian countries. He will first visit […]

Invitation for tender, Build 2 new brides across Thanlwin River, Deadline: 18th July, 2019

REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF CONSTRUCTION DEPARTMENT OF BRIDGE Reference No. ESIA DOB1-MOC (1) The Government of Myanmar (GoM) has received a grant aid from the People’s Republic of China to build a new 2-lane bridge on Thanlwin River in Kunlon Township of Shan State. In conformity to the Procurement Guidelines of […]

New bridge linking Mingalar Taung Nyunt and Dawbon to open next year

A new bridge that will link Mingalar Taung Nyunt and Dawbon townships will be opened early next year, the Japan International Cooperation Agency (JICA) said. The New Tharketa bridge over Pazundaung Creek will be completed in February, JICA said in a statement. The construction of the bridge cost 3.36 billion yen (K41.88 billion). It is […]

Hlaingtharyar Crippled by Transportation Costs

Sources from export-import businesses have said that transportation expense from Hlaingtharyar Industrial Zone to the nearest seaport by container trucks is much higher than the charge made by other industrial zones, hampering the viability of the industrial zone. Since the rental container trucks to transport goods do not match the necessary standards, additional transportation charges […]

Yangon-Dala Bridge Back on the Table with $138-m S Korean Loan

A $138-million loan will be secured from South Korea for the construction of Yangon-Dala bridge, U Kyaw Lwin, an official from the Ministry of Construction, told the parliament. The rest $30 million of the $168-million project, will be provided by a Korean foreign investment company Economic Development Cooperation Fund (EDCF). U Kyaw Lwin said the […]

Hlaing Tharyar set to shine after bridge opens

After several years of painful traffic jams, the owners of properties in Hlaing Tharyar, across the Yangon River to the north-west, could be poised to reap higher returns on their investments, say real estate agents. The completion of a four-lane bridge across the river in October has slashed travel times to Hlaing Tharyar. “Hlaing Tharyar […]

Land sales grind to a halt in Yangon New Town area after price surge

Sales of land in the area where the so-called Yangon New Town is planned have ground to halt after prices soared to Ks 70 million (US$72,000) to Ks 85 million an acre, local residents and real estate agents say. The new town will cover 30,000 acres in three townships: Kyimyindine, Seikkyi Kanaungto and Twantay. Yangon […]