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Investors asked to fund Yangon project bank

The Yangon Region government yesterday invited investments in projects included in the Yangon Project Bank, a pool of 80 priority projects located in the region. These include new city development, housing, redevelopment, industrial, port, fishery, agriculture, transportation and public space projects, which will be implemented under public-private partnership (PPP) agreements. Phase 1 of the New […]

Private capital needed to fund required infrastructure

Unlocking investment from the private sector is necessary for Myanmar to fund its building of transport infrastructure, speakers at a construction sector forum said. Bankability and risk-sharing would be the two key criteria to incentivise businesses to take part. Recently, the European Chamber of Commerce Myanmar (EuroCham) held the first construction forum in Yangon. The […]

Investors could channel up to US$4.9 billion into Rakhine this year

Foreign and domestic companies last week signed 28 expressions of interest (EOI) to conduct business worth a potential US$4.9 billion in the state this year. The bulk of the EOIs were signed by businesses in the hotel and tourism sector, said U Kyaw Aye Thein, Rakhine State Minister of Finance, Revenue, Planning and Economy. “These […]

Govt announces ‘project bank’ to get Myanmar building

The government has announced the launch of an online “project bank” which will change the way infrastructure programmes are planned, determined and funded. Speaking at the Invest Myanmar Summit in the capital city, deputy finance minister U Set Aung said the project bank will contain priority infrastructure initiatives which have been screened and approved by […]

Ministry of Planning and Finance to set up Project Bank

‘The project bank will enhance transparency and competitiveness’: U Set Aung The Ministry of Planning and Finance is preparing to launch an interactive and publicly accessible online “project bank” containing priority initiatives that have been screened and approved by the government for their positive impact on economic and social development. The initiative aims to overhaul […]

Project bank to facilitate infrastructure development established

A Project Bank of Public Investment Programs to facilitate major project proposals from the States and Regions has been established under the Myanmar Sustainable Development Plan (MSDP), Minister of Planning and Finance U Soe Win said during the 2018 Commerce Fair held in Yangon on December 1. “Currently, Myanmar still lacks basic infrastructure. If this […]