Myanmar to tender rail modernisation projects

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 […]