Real Estate Market Revives Over New Bago Airport Project

Real estate market has revived in Bago region as a new international airport project was to be signed, according to an official report. The Bago real estate market went cold during 2015 but the prospective signing of an agreement between the government and the airport contractors has caused the price of land in the region […]

Funds cleared for Yangon’s new airport

YANGON, 4 February 2016: A framework agreement to facilitate Official Development Aid (ODA) loans for the construction of Hanthawaddy Airport Development was signed late last week. Official media, Global New Light of Myanmar, quoted Transport and Rail Transportation Minister, U Nyan Tun Aung, saying that following a series of meetings between Department of Civil Aviation […]

Mitsubishi, Hitachi to invest $20m in domestic train network

Riding on Myanmar’s antiquated railway network is not an experience for the impatient or infirm. American travel writer Paul Theroux, in The Great Railway Bazaar, quotes a policeman on the Yangon-Mandalay line as it breaks down for the fourth time. “It is a slow train,” he says. “Dirty and old – old coaches, old engines.” […]

The Long Road To Investing in Myanmar

A seminar in Bangkok has been told that while there are opportunities in Myanmar for foreign investors the country lacks the human resources to enable rapid growth, while many of the opportunities that exist are in industries which have profound levels of corruption. The packed to capacity presentation, Myanmar at the Crossroads, part of the […]

JICA to provide funding for 168-MW Baluchaung 2 hydropower plant upgrades

The Japan International Cooperation Agency has agreed to provide US$67 million to Myanmar’s Electric Power Corporation to help replace machinery at Myanmar’s 168-MW Baluchaung 2 hydropower plant. The plant and an identical sister plant, both located long the Balu River in central Myanmar, were constructed by Japan following World War II as part of a […]

Myanma Electric Power Enterprise to invite tender for Construction of Gas Pipeline in Thilawa; Closing Date: August 21, 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. TENDER NOTICE Date: July 17 – 23, 2014 Loan Agreement No: MY-P3 on June 7, 2013 1 . Myanma Electric Power Enterprise (MEPE) of Ministry of Electric Power (MOEP) invites sealed Bid for Construction of Gas Pipeline in […]

Myanmar to Seek Development Assistance for Airport Project

YANGON — The Myanmar government has agreed to seek a concessional loan worth as much as US$750 million to go toward the cost of a new airport to serve Yangon, officials said Monday. The government in August selected a consortium led by South Korea’s Incheon International Airport Corporation as the preferred bidder to develop the […]

New Bids Force Further Delay for Myanmar Airport Work: Official

YANGON — Work on the US$1.1 billion Hanthawaddy International Airport in Myanmar faces additional delays because the four short-listed competitors for the job will have to submit new bids because of “a major change in project policy,” a senior Transport Ministry official told Reuters. “Our government has agreed to seek ODA [official development assistance] for […]

Myanmar to construct 2 cargo wharves at Thilawa with ODA loan

Yangon – Japan is agreed to provide assistance to two new general cargo wharves with US$205 million loan from Official Development Assistance (ODA) for constructions at the Myanmar International Terminals Thilawa (MITT) port. “We will construct two new wharves at Thilawa port using a loan from ODA with the supervision of ministry of transport,” said […]

Myanmar Thilawa JV company to sell shares to public soon

A Myanmar public company, which is one of the two Myanmar companies formed in joint venture with two Japanese counterparts to develop the Thilawa Special Economic Zone (SEZ) in the outskirts of Yangon, will sell its shares to the public soon, official media reported Friday without specifying the date of the move. Two Myanmar companies […]