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Dala property prices soar due to bridge project

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, […]

Ministry of Construction commits to four mega projects in 2018

The Department of Urban and Housing Development under the Ministry of Construction yesterday announced its commitment to implementing four mega infrastructure projects in Mandalay and Yangon regions. In Mandalay, the MOC has shortlisted six companies, one of which will be selected as Master Developer of the New Mandalay Resort City, which will be developed in […]

Ambitious flyover dreams held back

As the opening date for the first of three new flyovers in Yangon nears, government officials admit they will not be a panacea to the city’s traffic woes, but say the government lacks the budget to build more ambitious infrastructure. The Kokkine flyover on Kabar Aye Pagoda Road, one of the city’s two main thoroughfares, […]

Over 140 joint ventures in Myanmar’s growing oil and gas sector

The number of joint ventures between local and international energy companies now exceeds 140 say officials from the Ministry of Energy. According to Myanmar’s most recent foreign investment law, foreign companies are generally required to make joint ventures with local companies in order to invest in the oil and gas sector. On June 12, a […]