Implementation of the Ayeyarwady Coastal Region Development Project, an expressway connecting Ayeyarwady Region and Rakhine State listed under the Myanmar Project Bank, will start from this fiscal year, according to the Ministry of Construction. The project is estimated to cost US$94 million and expected to be complete in fiscal 2023-24. The project will involve the […]
Construction of Bago-Kyaik Hto Expressway to commence in 2022
November 13, 2020 by
Construction of an expressway connecting the city of Bago and Kyaik Hto township in Mon State is expected to start in fiscal 2022-23, U Aung Myint Oo, Director General of Department of Highways under the Ministry of Construction, told the Myanmar Times. This comes after the Asian Development Bank (ADB) last week approved a US$483.8 […]
Investment in Myanmar continue to grow despite COVID-19
November 13, 2020 by
Although garment and other factories have been hugely impacted by the COVID-19 pandemic, local and foreign investments are still flowing into the country, according to the Yangon Region Investment Committee. The government approved two investments totalling US$2.65 million in shoemaking and garment manufacturing by China and Singapore at the end of October that are expected […]
ADB approves loan to fund new Myanmar expressway
November 3, 2020 by
The Asian Development Bank (ADB) has approved a US$483.8 million loan to build a 64-km expressway connecting the capital of Bago region and the township of Kyaikto in Mon state in Myanmar. The move supports the Myanmar government’s aim to increase investment in transport infrastructure to 3 percent of GDP by 2030, up from an […]
Construction work resumes, under strict conditions
October 30, 2020 by
Many construction projects in the Yangon Region have resumed after being given the all clear from the government, but have been reminded to follow the Ministry of Health and Sports’ guidelines. Construction companies which do not abide by the ministry’s instructions will be shut down, according to an announcement by the Yangon Region Construction Inspection […]
Construction work to resume in Yangon with new rules
October 21, 2020 by
Construction work in Yangon, which has been halted since the third week of September, will be allowed to resume if it follows new rules, said the Yangon Region Construction Inspection Committee. “Construction projects in Yangon Region will have to report to the committee and after inspection, they will be allowed to resume if they are […]
Chin State yet to open Falam (Surbung) Airport due to Covid-19
October 21, 2020 by
<a href=”https://youtu.be/pCvYiQYDHcE” target=”_blank”><img src=”https://consult-myanmar.com/wp-content/uploads/2013/10/doingbusinessinmyanmar-thumbnail2.jpg” width=”600″ height=”250″ /> </a> Falam (Surbung) Airport, the only aviation access to Chin State, will not open this month due to the Covid-19 outbreak. As the airport construction has finished, Myanmar National Airlines will have the test flying of its ART plane this month. This is the first airport Chin State […]
Invitation for Bids – 1st Phase Site Development Construction Works of KMIC ; Deadline : 26th November 2020
October 20, 2020 by
Bid Announcement KMIC Development Co., Ltd. intends to invite eligible Bidders for “1st Phase Site Development Construction Works of KMIC”. 1. Bid Title: 1st Phase Site Development Construction Works of KMIC * Location of KMIC: Nyaung Hnit-Pin, Yangon Region 2. Spatial Work Scope: 1,273,514 m2 (314.69 acres, 1st phase) 3. Duration of the Contract: 24 […]
‘Going gangbusters’: Digital payments the winner from Myanmar’s pandemic
October 15, 2020 by
Every month, grocery store owner Daw Saw Myint earns a little extra cash by arranging to pay the power bills of other residents in her Dawbon Township apartment building. She charges them K500 each – that is, all of them except Daw Ah May, 65, who lives on the sixth floor. Seven months ago, Ah […]
Chinese Firms Dominate Myanmar Solar Power Project Bids
October 9, 2020 by
Yangon — Six Chinese firms won the tender to implement 16 out of 30 solar power projects across Myanmar, according to the Ministry of Electricity and Energy. The ministry in May invited bids for the construction of 30 ground-mounted solar projects capable of generating a total of 1 gigawatt (GW) of power under a 20-year […]
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