Construction of a Japan-funded bridge in Myanmar, seen as a symbol of competing interests between China and Japan, kicked off Wednesday with a groundbreaking ceremony in Yangon, the country’s commercial capital. The bridge, funded by a ¥31 billion (K427.5 billion) low-interest loan from the Japan International Cooperation Agency, will be constructed over the Bago River […]
Yangon govt seeks parliament approval for K8B road project
February 11, 2019 by
The Yangon government has asked the regional parliament to allow it to use K8 billion (US$5.25 million) of the money meant for construction of pedestrian bridges and investment in foreign banks for road development instead. Regional Minister for Planning and Finance U Myint Thaung submitted the proposal to the Yangon Parliament on Tuesday. “These projects […]
Dala property prices soar due to bridge project
January 8, 2019 by
After the government had approved the construction of Myanmar-Korea Friendship Bridge connecting to Dala Township, property prices have risen in a blur as rumors of small-scale industries as well as housing projects in Dala runs rampant. According to property agents and Dala locals, land prices hiked up as much as tenfold. Over a month ago, […]
IFC report recommends alternatives to high-risk Myitsone
January 3, 2019 by
A government-sponsored study warned against restarting the highly controversial Myitsone dam and recommended alternatives to develop the country’s hydropower sector. The final version of the Strategic Environmental Assessment (SEA) of the hydropower sector, supported by the energy and environment ministries and authored by the International Finance Corporation, has been published. The SEA involved a range […]
Yangon-Dalla Bridge project to start soon
December 21, 2018 by
The stake-driving ceremony of Yangon-Dalla Bridge will be held in December 23, and the construction of the bridge will start in January next year, according to the press conference by the Construction Ministry in Dalla Township in Yangon on November 24. Kyaw Kaung Cho, deputy director general of Bridge Department at the Construction Ministry said: […]
China port pact in focus as President visits Myanmar
December 11, 2018 by
President Ram Nath Kovind’s first visit to Myanmar starting on Monday will be an occasion to build upon the strong bilateral relationship with India’s biggest link with the Asean region. However, with Myanmar signing the Kyaukpyu port project with China in November, officials in India are concerned that this port could become a greater security […]
Beijing Urges Gov’t to Get Ball Rolling on China-Myanmar Economic Corridor
December 4, 2018 by
The vice chairman of China’s top economic planning agency has pushed Myanmar’s State Counselor to work out an implementation plan for the China-Myanmar Economic Corridor, a part of Beijing’s Belt and Road Initiative (BRI). China National Development and Reform Commission (NDRC) Vice Chairman Ning Jizhe held talks with State Counselor Daw Aung San Suu Kyi […]
Minbu solar power project commences in time for summer 2019
November 27, 2018 by
A 170MW solar power plant in Minbu Township, Magwe Region, will start producing electricity in time for summer next year, said U Lin Naing Oo, business development department general manager of GEP (Myanmar) Co Ltd. The Thailand-based company is investing US$297 million in the solar project, which is Myanmar’s first. Electricity generated from the plant […]
12 applications for first phase of Yangon highway project
November 26, 2018 by
The Ministry of Construction says it has received 12 prequalification applications for the Yangon Elevated Expressway Project (YEX) Phase 1. The deadline for submissions of prequalification applications was November 13, and the ministry has announced the companies or consortiums that submitted applications for the project. The companies/ consortiums are VINCI Highways from France, Team Korea […]
;
To see more of our client click 