A $2 billion development project to be undertaken by the Ministry of Construction and a private company in Yangon was questioned in the Parliament’s Lower House on Tuesday over its lack of transparency. Despite the project agreement being signed two years ago, no start appears to have been made on it and the revenue-sharing deal […]
53 companies express interest in building Yangon’s ring road
July 6, 2018 by
A total of 53 local and international companies/ consortiums are interested in the 47.5-kilometre elevated ring road in Yangon, the Ministry of Construction announced on July 4. On May 18 last year, the Ministry of Construction (MOC) invited local and foreign investors to submit Expressions of Interest (EOI) for the construction of an elevated four-lane […]
Deep-sea port needed for delta region to boost logistics
July 31, 2017 by
The recommendations are published in the position paper released by the European Chamber of Commerce Myanmar (EuroCham) in June as part of EuroCham’s annual White Book. The publication highlighted the need for Myanmar to establish deep-sea ports in order for the country to realise its geographical advantage and become a logistics hub in Asia. Despite […]
Belt and Road should not dictate infrastructure priorities: Melvyn Pun
July 3, 2017 by
Beijing’s Belt and Road Initiative (BRI) should not dictate Myanmar’s infrastructure priorities despite the importance of Chinese finance, according to the head of Yoma Strategic. Infrastructure should be developed for Myanmar’s national interest. During the 2nd ASEAN-Myanmar Forum hosted by the Singapore Institute of International Affairs in Sedona Hotel yesterday, Melvyn Pun, the chief executive […]
Commercial vehicles to use to Yangon-Mandalay highway
January 28, 2015 by
Commercial that need to reach their destination by a particular time will be considered for access to the Yangon-Mandalay highway, according an announcement of the Public Works and Construction Ministry on Monday. Previously, only private cars and passenger buses were permitted on the highway, according to the announcement. Vehicles loaded with perishable goods, such as […]
Govt Calls for Foreign Investment in ‘Death Highway’ Upgrade
December 31, 2014 by
YANGON — The Ministry of Construction has unveiled plans to seek domestic and foreign investment for an upgrade of the Yangon-Mandalay highway, a stretch of road known locally as the ‘Death Highway’ for its high incidence of traffic accidents and fatalities. On Sunday, the ministry called for expressions of interest to be submitted by Jan. […]
