Shortlisted companies for Yangon railway project announced

Myanma Railways yesterday announced the shortlisted companies for the Yangon railway multi-purpose development project, according to state-owned media.

Myanma Railways, under the Ministry of Rail Transportation, invited bids for a mixed-use development project on 63.622 acres of land. Among the 15 shortlisted contenders are companies from the US, Italy, France and the UK. A total of 18 local and foreign companies from 14 countries submitted expressions of interest in implementing the project.

The shortlisted companies are Fortune International Group, Capital Diamond Star Group, High Tech Concrete Technology Co Ltd, Min Dhama Company Ltd, Shwe Gon Development Group, a Myanmar-South Korea joint venture, a Myanmar-Singapore joint venture, a Myanmar-US-UK-France-Korea-Vietnam joint venture, China Railways International Group, Excellent Fortune Development Group Co Ltd and Great Genesis Gems Co Ltd (Yaung Investment Group), plus one company each from Italy, Singapore and South Korea and a US-France-Philippines joint venture.

The shortlisted companies will now have the option to buy tender proposals at a price of US$30,000. The deadline for the tender submission is the end of May this year. The project will begin in 2017.

Bids for the project were called in early 2015, but no winner was selected. Myanma Railways invited new submissions of expressions of interest for the project in August 2015..

Source: Eleven Media


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