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. We send out email alert on Tender and EOI as it happens. 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 […]

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 […]

South Korea to construct natural gas and waste-fired power plant

A South Korean company plans to invest between US$500 million to US$700 million to construct 500 Mega watts gas-fired and waste-fired power plant, according to company sources. The state-owned Korea Western Power Corporation will implement the project in cooperation with Myanmar’s Hexa Group of Companies. The plant will be located in Yangon and is the […]