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New Yangon City Phase 1 – EOI Submission Status Update

CEO’s Weekly Blog – 8 March 2019

New Yangon City Phase 1 Infrastructure Projects: Status of EOI Submission

 

Dear Friends,

On 11 February 2019, we had invited interested companies to submit EOI to begin the first step of the NYDC Challenge for the below infrastructure projects. These projects are part of the development of New Yangon City Phase 1. The closing date for EOI submission was on 28 February 2019 and I’m pleased to see the high level of interest for the six projects.

In total, NYDC received 77 EOIs submissions, and the breakdown of the number of EOIs for each project is below:

  1. Power Supply and Distribution (20 EOIs)
  2. Public Transport System (7 EOIs)
  3. Cyber Connectivity Infrastructure (13 EOIs)
  4. Municipal Waste Disposal (15 EOIs)
  5. Natural Gas Supply and Distribution (14 EOIs)
  6. Convention Center (8 EOIs)

A total of 45 companies and / or consortiums from Myanmar, Singapore, Thailand, Vietnam, Malaysia, Sri Lanka, India, Hong Kong, China, Japan, South Korea, Italy and Finland, have submitted EOIs, with some applying for more than one project.

Out of the 45 applicants, four companies have indicated interest in undertaking the project as an engineering, procurement and construction (EPC) contractor. The Public Private Partnership model adopted by NYDC for the development of basic infrastructure in New Yangon City Phase 1 is through partnerships with companies who are capable of undertaking the infrastructure projects on the basis of  Design, Invest, Build and Operate. Therefore, companies who are interested in undertaking the project as an EPC contractor will have the opportunity to participate in the future through engagement by the main undertakers of the projects.

NYDC will be reaching out to all EOI applicants to provide further clarification on the projects and the cooperation model. Only short-listed applicants will be invited for in-depth discussions on the details of the projects.

 

Regards,

Serge Pun

 

Source: NYDC

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