Phase one of the Yangon Elevated Expressway Project, which includes construction of the Yangon Elevated Expressway and the Yangon Circular Expressway, will cost around $800 million, according to U Han Zaw, union minister for the Ministry of Construction. “The project is part of a Public Private Partnership (PPP) system with the Yangon region, and will […]
Japan to Provide Over $1 Billion in Loans to Myanmar for Development Projects
January 23, 2020 by
YANGON—Myanmar and Japan have signed four loan agreements worth about US$1.1 billion (120.915 billion yen, or 1.61 trillion kyats) to fund sewerage, urban development, power distribution and infrastructure improvement projects in seven regions and states in Myanmar. The four Official Development Assistance (ODA) loan agreements were signed on Tuesday between Japanese Ambassador Maruyama Ichiro and […]
Passenger traffic inches up at Yangon airport
October 23, 2019 by
Myanmar’s biggest airport has seen a passenger increase of more than 6 percent over the last 12 months, the operator said. The increase in passengers was a result of the addition of new routes – mainly from the Chinese market – according to Yangon Aerodrome Company, operator of Yangon International Airport. Passenger traffic at the […]
Yangon’s smart-parking tender to be out this month
August 8, 2019 by
The Yangon City Development Committee (YCDC) is setting out a tender for a smart-parking system this month in a move to curb indiscriminate parking that has often been blamed for the traffic woes of the country’s commercial capital. The secretary of the road and bridge subcommittee of the YCDC, U Lin Khaing, said a tender […]
How Myanmar aims to stimulate investment in tourism
July 18, 2019 by
Myanmar is looking to capitalise on a recent tourism rebound and stimulate more investment in the sector, following efforts to improve access to credit for smaller operators. On May 6 the first branch of the Myanma Tourism Bank (MTB) opened in Yangon. This is the country’s first bank dedicated to supporting the tourism and hospitality […]
Yangon Airport handles 2.32m passengers through April
June 19, 2019 by
Yangon International Airport served 2.32 million passengers in the first four months of the year, a number that increased 4.2 percent from 2.22 million passengers in the same period last year, according to the airport. The reason for the growth in traffic was the addition of routes and destinations a few months ago, said Ho […]
University students take next step with ride-sharing app
May 29, 2019 by
Four tech-savvy students from universities in Yangon put their heads together to develop Lan Kyone, a ride-sharing application that helped students hitch rides to get to school on time. Now, the Lan Kyone app is being modified, upgraded and expanded for commercial ride-sharing. As it was at first aimed at university students, there was no […]
An electric bus leapfrog for a cleaner, healthier Yangon?
May 22, 2019 by
More cars, buses and trucks on the roads are driving air pollution higher in Yangon. In 2018, a team of Japanese and Myanmar researchers found the city had unhealthy levels of what scientists call PM2.5 – soot 100 times thinner than a human hair. According to their article, published in Environmental Health and Preventative Medicine, […]
Big future for bicycles in Yangon
March 22, 2019 by
After being employed at a new job for eight months in an office in Tamwe, Yangon, Ko Tin Htoo Aung decided to buy an e-bike. “I bought it because I thought it would be much better than riding on crowded buses,” he said about his decision to spend of K250,000 (US$163) on his electric bicycle. […]
