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Chinese Firm Proposes $1.5-bn Elevated Railway for Yangon

YANGON—China is looking to make further inroads into Myanmar’s economy by funding a US$1.5-billion elevated railway project in the country’s commercial capital, Yangon. China Railway Eryuan Engineering Group Co., Ltd (CREEC) made a presentation about its planned project to develop an elevated railway to lawmakers in a media room in the regional parliament on Monday. […]

JICA proposes underground railway

Japan International Cooperation Agency (JICA) will invest US$250 million to upgrade Yangon’s circular railway and has also proposed building two underground railway lines, as well as a light rapid transit system to improve the flow of traffic around the city. Such large-scale infrastructure investment is necessary, as Yangon’s population is projected to double from 5.1 […]