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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 […]

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 […]

China-Myanmar JV starts building power plant in Myanmar’s Yangon

Union Resources and Engineering Company limited (UREC) laid a cornerstone to start building a 106 megawatt (MW) Thakayta gas-fired combined cycle power plant in Yangon on Thursday. The plant, about 10 kilometer from Yangon and 16 kilometer from Thilawa Special Economic Zone, is the largest power plant in Myanmar as well as the fifth private […]

Ministries to hold power over BOT condominium sales

Foreign investors will be able to buy condominium units in build-operate-transfer (BOT) projects on ministry-owned land if the ministry is willing to register the project, officials said yesterday. The Condominium Law passed last month opens the real estate market to foreign buyers for the first time, but makes no mention of BOT developments. This has […]

Mandalay-Muse highway to be upgraded to four-lane asphalt road

The Oriental Highway Company will upgrade the existing Mandalay-Muse two-lane highway to a four-lane asphalt road with a US$ 300 million investment. State-run daily newspapers reported on 1 February that the 283-mile long Mandalay-Muse highway will be upgraded at a cost of US$ 1.2 million per mile. The Ministry of Construction gave the contract to […]

Ministry of Construction to invite open tender for upgrade of Yangon-Mandalay Expressway; January 31, 2015

Subscribe to our tender alert mailing list Ministry of Construction Public Works (Invitation of Proposal for Yangon-Mandalay Expressway under BOT Scheme) 1. Proposal for operating and upgrading the relevant sections of Yangon-Mandalay Expressway (366 miles 3 furlongs long) to the international and local Companies either individually or joint venture in line with the Master plan […]

Port project to get shopping mall

A firm called New Downtown Development Company will build a 10 storey building including a luxury shopping mall at Yangon’s Pansodan port, said Union Minister for Transport U Nyan Tun Aung. The firm won a tender to develop the building at the port, which is a main passenger terminal for the Yangon-Dala township ferries that […]

Denko gets green light for oil depot project

Denko Trading Company owned by business tycoon Chit Khaing has been granted permission to build an oil depot according to the Myanmar Investment Commission. The company will implement the project on 24 acres land of Thilawa Deep Sea port under a Build-Operate-Transfer (BOT) agreement authorised by the transportation ministry and Myanmar Ports Authority. Denko’s project […]