THE department of Highways has revised build-operate-transfer highway contracts awarded by the military junta with 25 companies, including some of Myanmar’s biggest conglomerates, after discovering the roads they upgraded were substandard. The department, under the Ministry of Construction, has submitted the revised BOT contracts to the Ministry of Planning and Finance, the Myanmar Investment Commission […]
Chinese company proposes new circular railroad for Yangon
February 8, 2019 by
Representatives from China Railway Engineering Co Ltd (CREC) have met with the Yangon Region government to discuss the possibility of constructing of a new Yangon circular railroad, U Than Naing Oo, a member of the Yangon Region Hluttaw’s Transportation, Communications, Construction and Industry Committee told The Myanmar Times. “CREC proposed two versions of the potential […]
Minbu solar power plant construction begins
February 13, 2018 by
The Ministry of Electric Power and Energy has begun constructing the 170MW Minbu solar power plant in Magway Region. Upon completion, it will generate 350 Million Kilowatt Hours yearly and supply power to 210,000 households, a source at the Ministry of Electric Power and Energy said. GEO (Myanmar) Co Ltd is now implementing the 170MW […]
China-Myanmar JV starts building power plant in Myanmar’s Yangon
May 13, 2016 by
Union Resources and Engineering Company limited (UREC) laid a cornerstone to start building a 106 megawatt (MW) Thakayta gas-fired combined cycle power plant in Yangon on Thursday. The plant, about 10 kilometer from Yangon and 16 kilometer from Thilawa Special Economic Zone, is the largest power plant in Myanmar as well as the fifth private […]
Ministries to hold power over BOT condominium sales
February 12, 2016 by
Foreign investors will be able to buy condominium units in build-operate-transfer (BOT) projects on ministry-owned land if the ministry is willing to register the project, officials said yesterday. The Condominium Law passed last month opens the real estate market to foreign buyers for the first time, but makes no mention of BOT developments. This has […]
Port project to get shopping mall
June 30, 2014 by
A firm called New Downtown Development Company will build a 10 storey building including a luxury shopping mall at Yangon’s Pansodan port, said Union Minister for Transport U Nyan Tun Aung. The firm won a tender to develop the building at the port, which is a main passenger terminal for the Yangon-Dala township ferries that […]
