DCA hopes to tie up Hanthawaddy airport deal by the end of this year

A Final concession agreement between the Department of Civil Aviation and a consortium building a major new international airport in Bago Region known as Hanthawaddy International Airport should be complete by the end of this year, according to a DCA director. Myanmar has been trying to build the airport for two decades, but delays have plagued […]

Real Estate Market Revives Over New Bago Airport Project

Real estate market has revived in Bago region as a new international airport project was to be signed, according to an official report. The Bago real estate market went cold during 2015 but the prospective signing of an agreement between the government and the airport contractors has caused the price of land in the region […]

Myanmar, consortium sign deal in new international airport project

A consortium comprising JGC Corporation, Yongnam Holdings Limited and Changi Airports International on Saturday (Jan 30) signed a Framework Agreement with Myanmar’s Department of Civil Aviation (DCA), reaching a milestone in the Hanthawaddy International Airport project. According to a media release, the signing of the Framework Agreement marks an important step towards the eventual inking […]

Ministry push to improve waterway logistics

The Ministry of Transport will focus on constructing new ports and renovating docks and jetties, as well as developing the Thilawa port region, using a combination of Japanese loans and government funds, said U Thet Tun, deputy permanent secretary for the Ministry of Transport. The ministry will also collaborate with local and foreign private companies […]

The Long Road To Investing in Myanmar

A seminar in Bangkok has been told that while there are opportunities in Myanmar for foreign investors the country lacks the human resources to enable rapid growth, while many of the opportunities that exist are in industries which have profound levels of corruption. The packed to capacity presentation, Myanmar at the Crossroads, part of the […]

Myanmar to Seek Development Assistance for Airport Project

YANGON — The Myanmar government has agreed to seek a concessional loan worth as much as US$750 million to go toward the cost of a new airport to serve Yangon, officials said Monday. The government in August selected a consortium led by South Korea’s Incheon International Airport Corporation as the preferred bidder to develop the […]

Int’l tenders to be invited for rail upgrades

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Myanmar government plans to invite international tenders to bid for railway upgrade projects including the Yangon-Mandalay railway line, said a ministry official at the recent Myanmar Infrastructure Summit. “Foreign investments are required for our projects. In terms of […]

New Bids Force Further Delay for Myanmar Airport Work: Official

YANGON — Work on the US$1.1 billion Hanthawaddy International Airport in Myanmar faces additional delays because the four short-listed competitors for the job will have to submit new bids because of “a major change in project policy,” a senior Transport Ministry official told Reuters. “Our government has agreed to seek ODA [official development assistance] for […]

Myanmar to construct 2 cargo wharves at Thilawa with ODA loan

Yangon – Japan is agreed to provide assistance to two new general cargo wharves with US$205 million loan from Official Development Assistance (ODA) for constructions at the Myanmar International Terminals Thilawa (MITT) port. “We will construct two new wharves at Thilawa port using a loan from ODA with the supervision of ministry of transport,” said […]

Myanmar Thilawa JV company to sell shares to public soon

A Myanmar public company, which is one of the two Myanmar companies formed in joint venture with two Japanese counterparts to develop the Thilawa Special Economic Zone (SEZ) in the outskirts of Yangon, will sell its shares to the public soon, official media reported Friday without specifying the date of the move. Two Myanmar companies […]