Outgoing Government Gives Wharf Concession to Tycoon’s Shipping Firm

Burma’s Port Authority has awarded Kaung Myanmar Aung Shipping Co. Ltd. the right to develop a new area for cargo ships to dock on downtown Rangoon’s riverside, state media reports. The company is part of the sprawling KMA Group, which is headed by Burmese tycoon Khin Maung Aye, known to be close to outgoing President […]

Foreign investors compete for mixed-use Yangon project

Eight foreign companies from five countries are bidding to develop a 2-acre plot of land in Yangon owned by the Myanmar Construction Entrepreneurs Association, according to chair U Tha Htay. Prospective investors have made a number of proposals for the site at the corner of Waizayanda and Thanthumar Roads in Yangon’s Thingangyun township, including for […]

Yangon Region Government invites open tender to build rental housing at government land; Closing Date: Oct 30, 2015

Yangon Region Government Invitation for Open Tender 1. Myanmar businessman are invited to build rental housing at government land that has 12.534 acre, at plot No (141/2), Corner of No(2) main road and Mahabandoola Road, Dagon Myo Thit (South) Tsp, owned by Yangon region government during fiscal year 2015-1016. 2. In submitting tender proposal, building […]

Roundup: Myanmar works for upgrading Yangon rail line

Myanmar is working for upgrading Yangon’s circular rail line by introducing a foreign loan of 207 million U.S. dollars for the project as part of its Yangon Central Railway Station expansion project. Provided by the Japan International Cooperation Agency (JICA), the loan is to purchase trains which will enable to offer faster and more regular […]

Yangon Region Government to invite open tender to build flyover bridges; Closing Date: 5 May 2015

National business persons are invited to build the following over pass bridges of Yangon Region within 2015-2016 fiscal year Eight mile junction over pass bridge, Mayangone Tsp. (4 ways drive – along Pyay Road) Kokekine junction over pass bridge, Bahan Tsp. (4 ways drive – along Gabaraye Pagoda Road) In submitting the design of the […]

Thai company building ‘high-standard’ hospitals in Myanmar

Thailand’s third-largest private hospital group, the Thonburi Hospital Group, says it expects to sign a memorandum of understanding with Ga Mone Pwint Company in Yangon next week to start building two “superior-standard” hospitals in Myanmar. Dr Boon Vanasin, the owner of the Thonburi group, which has a network of 22 hospitals in Thailand and further […]

Yangon to build more overpasses with escalators

YANGON — More overpasses with escalators will be built in downtown Yangon in the new fiscal year, according to the Roads and Bridges Department under the Yangon City Development Committee (YCDC). The Yangon Regional Government Committee plans to build six overpasses. Among the overpasses, some will have escalators. The Yangon mayor submitted a proposal to […]

Yangon Region unveils low-cost housing plans

Yangon Region has set aside K100 billion (US$97 million) to build 10 affordable housing projects in the 2015-16 fiscal year, according to a senior official from the Department of Human Settlement and Housing Development. The funds are to be combined with other capital to build lower-cost housing developments in Yangon as well as Pathein and […]

Yangon’s urban-development plans are self-defeating, critics say

Residents of Yangon are generally unexcited by the government’s plans to build more low-cost projects, citing the high prices and negative consequences of the projects to land prices and rents in the commercial city. Asked about this, Zaw Zaw, a resident of a northern section of Dagon Myothit Township, simply said “We can’t afford them.” […]

Thilawa attracting foreign firms as tenants

Thilawa has attracted formal interest from dozens of companies, but competitors say local firms are reluctant to commit to the long-term leases required by the special economic zone. Myanmar Japan Thilawa Development Company (MJTD) has received letters of intent from 60 foreign companies to participate in the zone and reached formal agreements with about 15, […]