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 for the comprehensive development of the largest railway station in the country, according to state-run media.
The department called for development of the colonial-era-left station on 25.3 hectares of land plot as a rail concerned business including high-rise buildings and hotels up to international standards.
The authorities have set May 6 as the deadline for submission of the expression of interest.
The rail transport authorities have also planned to privatise Yangon city circular trains as part of its efforts to effectively run the rail transport business under a build, operate and transfer (BOT) system.
About 130,000 passengers depend on rail transport in Yangon daily, according to government estimates.
Source: Myanmar Business Today