Mitsubishi to begin Myanmar project

YANGON – Japanese trading house Mitsubishi Corp said Tuesday that it has agreed with Mitsubishi Estate Co to commence work on a mixed-use landmark development project in downtown Yangon, Myanmar, in collaboration with Singapore-listed Yoma Strategic Holdings Ltd and local firm First Myanmar Investment Co. The project, which will cover 200,000 square metres of residential, […]

Yoma revs up property development drive in Myanmar

YANGON — Singapore-listed Yoma Strategic Holdings is accelerating its real estate development drive in Myanmar to meet growing local demand for residential units, offices and commercial facilities. Yoma’s move comes as Myanmar has emerged from decades of international isolation and now enjoys high economic growth, making the Southeast Asian country an increasingly promising property market. Yoma […]

Yangon Railway Station Complex Project to launch in May 2017

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. THE Yangon Central Railway Station comprehensive development project is expected to launch in May, 2017, according to an announcement from Myanma Railways (MR). MR will finalise the selection of winners for the project in May, said U Tun […]

15 companies short-listed for Yangon Central Railway Station development tender announced

Myanma Railways has shortlisted 15 firms and joint ventures, including a number of well-known local companies, that responded to an EOI to redevelop Yangon Central Railway Station and the surrounding area in downtown Yangon. This is the railway ministry’s second attempt to tender the project, after an initial tender called in 2014 was cancelled last […]

Overwhelming interest for Yangon Railway Station plot

Yangon – More than 70 local and foreign companies have submitted their expression of interests to develop the land plot surrounding the Yangon Central Railway Station, according to Myanmar Railways. An anonymous source from the tender scrutinising committee said that their bids would be shortlist and the result would be announced in the second week […]

Take two for Yangon Central tender

Myanma Railways has invited companies to submit expressions of interest (EOI) to redevelop Yangon Central Railway Station and the surrounding area, after an initial tender was cancelled earlier this year, reportedly due to a lack of suitable applications. “We have invited companies to submit an EOI. After they propose, we will call a tender again,” […]

Rail ministry to repeat aborted tender

The Ministry of Rail Transportation has cancelled a tender to redevelop the area surrounding the Yangon Central Railway Station, with plans to launch another in the future, according to a statement posted on the Ministry of Information’s web portal late last week. The Yangon Central Railway Station project was to be built on 63 acres […]

Investors Invited to Develop Yangon Railway Station Complex

Myanmar’s rail transport authorities are working on a massive plan to transform the Yangon Central Railway Station into one of the city’s most sparkling new projects, and are inviting ideas and expression of interest from local and international investors for the move. The state-run Myanmar Railways said it intends the investors to undertake design-and-build work […]

Myanmar to privatize railways soon

Myanmar’s government is planning to privatize some of the state-owned railway lines soon, including the Yangon circular railway system, according to the Ministry of Rail Transportation. The privatization will include a Yangon circular train, a Yangon-Mandalay train and a Yangon-Myitkyina train. The privatization plan is now under way and the Yangon-Myitkyina rail line will be […]

Japan, Singapore firms submit proposals to upgrade Yangon Railway Station

Four companies from Japan and Singapore have submitted proposals to the Ministry of Rail Transportation to upgrade Yangon Railway Station, including the compound yard, according to the Ministry. “The proposals, including strong documents, are being reported at the national level,” said head officer Win Naung from the Ministry of Rail Transportation. “Five companies, including a […]