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World BankConstruction ministry goes soft on broken highway contracts

THE department of Highways has revised build-operate-transfer highway contracts awarded by the military junta with 25 companies, including some of Myanmar’s biggest conglomerates, after discovering the roads they upgraded were substandard. The department, under the Ministry of Construction, has submitted the revised BOT contracts to the Ministry of Planning and Finance, the Myanmar Investment Commission […]

Chinese company proposes new circular railroad for Yangon

Representatives from China Railway Engineering Co Ltd (CREC) have met with the Yangon Region government to discuss the possibility of constructing of a new Yangon circular railroad, U Than Naing Oo, a member of the Yangon Region Hluttaw’s Transportation, Communications, Construction and Industry Committee told The Myanmar Times. “CREC proposed two versions of the potential […]

Myanmar, Japan-involved consortium to build high structure in Yangon

YANGON, Oct. 7 (Xinhua) — Myanmar Pharmaceutical Industrial Enterprise (MPIE) and a consortium of two local Myanmar companies and a Japanese company on Saturday signed an agreement to build a high-rise structure on the land owned by MPIE in Tamway, Yangon, the official Global New Light of Myanmar reported Sunday. The consortium, named NSKRE Residence […]

Expression of Interest, Upgrading and Renovation of Yangon City Golf Course on BOT Basis. Submission Date: 28 Sep 2018.

1. The Yangon Region Government, Tender Committee invites the local and foreign companies to submit the Expression of Interest for Upgrading and Renovation of Yangon City Golf Course owned by Yangon City Development Committee on Build, Operate and Transfer (BOT) basis. Location of City Golf Course – Yangon Region, Insein Township, Ywama East Ward, 10 […]

Elite Petrochemical launches first private-sector LPG project in Myanmar

Elite Petrochemical Co launched its Liquefied Petroleum Gas (LPG) Terminal and Port Facility at the Thilawa Special Economic Zone on Saturday. The terminal is the first private sector-led LPG investment open for business in the country. The terminal was developed under a Build, Operate and Transfer (BOT) agreement across 49 acres of land in Thilawa […]

Great Hor Kham expands into hydropower, prepares for YSX listing

U Sai Ohn Myint, chair of the board of directors of Great Hor Kham Public Company, which will list on the Yangon Stock Exchange this year, isn’t too worried about trading volumes on the local bourse, which have all but collapsed since opening for business in early 2016. “I think investors will be able to […]

Minbu solar power plant construction begins

The Ministry of Electric Power and Energy has begun constructing the 170MW Minbu solar power plant in Magway Region. Upon completion, it will generate 350 Million Kilowatt Hours yearly and supply power to 210,000 households, a source at the Ministry of Electric Power and Energy said. GEO (Myanmar) Co Ltd is now implementing the 170MW […]

Sembcorp Takes Another Step on Myingyan Project

​​ Singaporean energy firm Sembcorp signed a build-operate-transfer (BOT) agreement with Myanmar’s energy ministry yesterday for the Myingyan power plant, a high profile energy project expected to receive loans from a variety of international lenders. Tan Cheng Guan, Sembcorp Industries’ head of group business development and commercial, signed the BOT agreement with U Htein Lwin, […]

Sembcorp Myingyan project powers inks build-operate-transfer agreement with Ministry of Electric Power & Energy

Sembcorp Industries (Sembcorp signed a build-operate-transfer) (BOT) agreement with the Ministry of Electric Power and Energy of Myanmar (MOEE), for its upcoming 255-megawatt Sembcorp Myingyan gas-fired power plant in Mandalay yesterday. The agreement between Sembcorp Myingyan Power Company and MOEE was signed by Tan Cheng Guan, Sembcorp Industries’ Executive Vice President & Head, Group Business […]

Condominium by-Laws Delayed With Govt Targeting Completion by Year’s End

A shortage of technical expertise has delayed the issuance of by-laws that would allow sales under the Condominium Law passed last January, industry sources say. Expectations that the law, which was finally passed after considerable debate and delay, would usher in a spate of foreign purchases of Myanmar real estate have so far proved unfounded. U […]