THE government of Myanmar is expected to issue international tenders in the coming months for the upgrading of the country’s main rail arteries, according to reports in the local media. A report by Eleven News Myanmar on March 22 quotes Mr Kyaw Kyaw Myo, assistant general manager for the country’s Ministry of Railways as saying […]
FMI’s Landmark project moves forward without ‘critical’ lease extension
Restoration efforts are ongoing on the centrepiece building of a major development project in Yangon backed by business tycoon Serge Pun, despite continued difficulties in securing a critical lease extension for the mixed-use property. Major work on the Landmark Project, estimated at more than US$400 million and spread over more than 10 acres of prime […]
FMI still unable to get railway lease for iconic Landmark project
The March 22 meeting was confirmed by an official from the Ministry of Railways. Work on the US$400 million mixed-use project in downtown Yangon backed by business tycoon Serge Pun has been unable to get underway due to an inability to secure a lease extension from the Ministry of Railways. Once the lease extension is […]